Tennessee Realtor State Practice Exam

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Which act is responsible for establishing the Tennessee Real Estate Commission?

Tennessee Real Property Act
Tennessee Real Estate Broker License Act
Tennessee Housing Act
Tennessee Licensing Law

The correct answer is: Tennessee Real Estate Broker License Act

The Tennessee Real Estate Commission was established under the Tennessee Real Estate Broker License Act. This act is pivotal in regulating the activities of real estate professionals within the state, ensuring that agents and brokers meet the necessary qualifications for licensure and adhere to ethical standards. The creation of the commission under this specific act emphasizes the state's commitment to maintaining a structured and compliant real estate market. The Tennessee Real Property Act primarily deals with property rights and transactions but does not specifically establish regulatory bodies like the commission. The Tennessee Housing Act focuses on housing policies, including affordable housing, but it does not pertain directly to the regulation of real estate practices. Lastly, the Tennessee Licensing Law is a broader statute covering various professional licenses but does not specifically address the real estate sector or establish the commission tailored to manage and oversee those practices. Thus, the choice highlighting the Tennessee Real Estate Broker License Act is the most accurate in terms of establishing the commission.