House Bill 700 amends Tennessee Code Annotated, Section 62-13-303, regarding the requirements for real estate broker licenses. The bill deletes the existing subsection (h) and replaces it with new provisions that require licensees to complete an additional one hundred twenty (120) classroom hours in real estate within three years of obtaining their original broker's license. Following this initial requirement, brokers must complete sixteen (16) classroom hours of continuing education every two years to maintain their license, unless they were originally licensed before January 1, 2005, and do not supervise any affiliate brokers, in which case they are exempt from this continuing education requirement.

The bill aims to enhance the educational standards for real estate brokers in Tennessee, ensuring that they remain knowledgeable and up-to-date in their field. The changes are set to take effect immediately upon becoming law, emphasizing the importance of ongoing education in maintaining professional competency within the real estate industry.

Statutes affected:
Introduced: 62-13-303