COURSE OUTLINE
- Know and understand the most recent rule changes enacted by TREC impacting all licensees in the state.
- Understand agency laws in Tennessee and common violations in agency relationships.
- Identify common violations of state law and rules on advertising including Internet advertising, false, misleading or deceptive advertising, broker and agent signage, guarantees, claims, offers, and gifts and prizes.
- Recognize the importance of Errors and Omissions Insurance and how to reduce professional liability.
- Identify the most common legal claims filed by consumers against licensees and how to void them.
- Know various issues with residential contracts in Tennessee and how to avoid problems that might arise before and after the binding agreement date.
- Understand state law and TREC rules regarding property disclosures and disclaimers as well as the requirements for providing them to purchasers and property owners.
- Recognize TREC rules for license recognition from other states.
- Properly recognize issues arising in the practice of residential property management including escrow accounts, TREC requirements and disciplinary action for violations.
- Know Tennessee licensing laws and/or rules concerning Principal Broker supervision including branch offices, exemptions to licensure, adverting, and Earnest Money/Security/Trust Deposits.
