Notice of New Tennessee Real Estate Commission Rules
Effective Date: May 8, 2014
Pursuant to Tenn. Code. Ann. § 4-3-1306(d), you are receiving this notice because you have elected to receive notification by e-mail of certain changes or potential changes to the law applicable to your profession. There will be two (2) new rules of the Tennessee Real Estate Commission, specifically Rule 1260-01-.16 and Rule 1260-01-.17, which will be effective on May 8, 2014. A copy of the new rules is available for review on the website of the Secretary of State at http://www.tn.gov/sos/rules_filings/02-06-14.pdf. The new rules include a rule relating to the ramifications for failure to maintain errors and omissions insurance as required by Tenn. Code Ann. § 62-13-112 (as amended by Public Chapter No. 84) as well as a rule expanding upon the new requirement of Tenn. Code Ann. § 62-13-303 (as amended by Public Chapter No. 420) that all applicants for initial licensure on or after January 1, 2014 must submit a set of fingerprints for obtaining a criminal background check.