House Bill 700 amends Tennessee Code Annotated, specifically 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 mandate brokers to complete additional educational requirements for license reissuance. Within three years of obtaining their original broker's license, licensees must complete 120 classroom hours in real estate from an approved institution. Following this, every two years, brokers are required to complete 16 classroom hours in real estate courses to maintain their license, with an exemption for those originally licensed before January 1, 2005, who do not supervise affiliate brokers.

The bill aims to enhance the educational standards for real estate brokers in Tennessee, ensuring they remain knowledgeable and competent in their field. The new requirements are designed to promote ongoing professional development and ensure that brokers are up-to-date with current real estate practices and regulations. The act will take effect upon becoming law, emphasizing the importance of public welfare in the legislative process.

Statutes affected:
Introduced: 62-13-303