A client or other party to whom a real estate licensee provides services as an agent, subagent or facilitator shall not be liable for damages for the misrepresentations of the licensee arising out of the licensee's services unless the client or party knew or had reason to know of the misrepresentation. This section shall not limit the liability of a licensee's managing broker for the misrepresentations of the managing broker's licensees.
Tenn. Code Ann. § 62-13-407
Liability
Known as the Tennessee Real Estate Broker License Act
The act spans §§ 62-13-101 to 62-13-604 (62 sections).
Acts 1995, ch. 246, § 9; 1996, ch. 772, § 12.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.