Public-domain · open source
OpenJurist

Tenn. Code Ann. § 62-13-601

Part definitions

Known as the Tennessee Real Estate Broker License Act

The act spans §§ 62–62 (62 sections).

Acts 1999, ch. 160, § 2.

As used in this part, unless the context otherwise requires:

(1) “Agency contract” means a valid written contract authorizing a real estate licensee to act as a party's exclusive agent for the purchase, sale or lease of real estate;

(2) “Agency relationship” means the relationship resulting from an agency contract; and

(3) “Referral fee” means a commission or any other type of compensation for the referral of a potential buyer, seller, lessor or lessee of real estate.

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.