Tenn. Code § 62-13-601

Current through Acts 2023-2024, ch. 1069

Section 62-13-601 - Part definitions

As used in this part, unless the context otherwise requires:

(1) "Agency contract" means a valid written contract authorizing a real estate licensee to act as a party's exclusive agent for the purchase, sale or lease of real estate;

(2) "Agency relationship" means the relationship resulting from an agency contract; and

(3) "Referral fee" means a commission or any other type of compensation for the referral of a potential buyer, seller, lessor or lessee of real estate.

T.C.A. § 62-13-601

Acts 1999, ch. 160, § 2.