Tenn. Comp. R. & Regs. 1260-01-.12

Current through January 8, 2025

Section 1260-01-.12 - FEES

The following fees shall apply:

(1) For each examination, a fee to be paid to the testing vendor as set by state contract;

(2) For the issuance of an original license, a fee to be paid to the Commission of ninety dollars ($90.00);

(3) For each renewal of a license, a fee to be paid to the Commission of seventy-five dollars ($75.00);

(4) A fee to be paid to the Commission for each of the following:

(a) Change of Principal Broker, twenty-five dollars ($25.00);

(b) Transfer of affiliation or transfer in or out of retirement status, twenty-five dollars ($25.00);

(c) Certification of licensure, twenty-five dollars ($25.00);

(d) Bad checks shall be subject to the penalties and fees set out in T.C.A. §§ 9-1-108 and 9-1-109.

(5) A penalty fee of fifty dollars ($50.00) per month, or portion thereof, for failing to timely renew a license if the licensee reinstates the license within the sixty (60) day time frame set forth in T.C.A. § 62-13-319(a); provided however, the Commission shall have the discretion to waive or lower said fee for good cause shown.

(6) When any individual applies for an original license as a broker, affiliate broker or time-share salesperson, the applicant shall pay, in addition to the original license fee, a fee in the amount of one dollar ($1.00) for deposit into the real estate education and recovery account.

Tenn. Comp. R. & Regs. 1260-01-.12

Original rule filed July 14, 1989; effective August 28, 1989. Amendment filed June 17, 1991; effective August 11, 1991. Amendment filed October 1, 1998; effective December 15, 1998. Amendment filed December 8, 1999; effective February 21, 2000. Amendment filed December 3, 2007; effective February 16, 2008. Amendment filed December 3, 2012; effective March 3, 2013. Amendments filed August 5, 2019; effective 11/3/2019.

Authority: T.C.A. §§ 62-13-203, 62-13-208, 62-13-208(c)(1), 62-13-307, 62-13-308, and 62-13-319.