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April 24, 2017

The Tennessee Real Estate Commission considered new rules at a regularly scheduled meeting conducted on October 6, 2016. These rules were filed with the Secretary of State on January 24, 2017 and became effective on April 24, 2017.

This rule eliminates the prohibition against a principal broker supervising licensees affiliated with their firm that reside more than 50 miles, by straight line calculation, from the firm office without first satisfactorily demonstrating to the Commission that the licensees will be adequately supervised.

The rule as been an issue for many years and an attempt to eliminate it approximately 10 years ago met with opposition. I certainly hope that the rule change remains, but I believe that the method to bring the rule change about may be have created a temporary fix that will have to be readdressed to legally permanently eliminate the rule..

A full copy of these rules can be viewed online at http://share.tn.gov/sos/rules_filings/01-24-17.pdf .

If you have any questions or concerns about these proposed rules, please contact Sarah Mathews, Assistant General Counsel, at (615) 741-3072 or electronically at Sarah.Mathews@tn.gov .      

Tennessee Real Estate Commission

Removes the 50 Mile Rule

PREPARING THE NEXT GENERATION