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Average Score: 50%

In Tennessee a licensee must obtain a special commercial real estate license

Rationale

There is no special commercial real estate license in Tennessee.

In Tennessee, individuals engaging in commercial real estate transactions do not require a distinct license beyond the standard real estate license. All real estate activities, including commercial dealings, are conducted under the same regulatory framework, ensuring that licensees are adequately trained and qualified to operate in both residential and commercial markets.

A (when leasing office space of 10000 square feet or more) YOUR ANSWER

Tennessee law does not specify a requirement for a special license based on the size of office space being leased. Any activities relating to leasing, regardless of the size of the property, can be conducted under a standard real estate license. Therefore, this statement is incorrect as it misrepresents the licensing requirements.

B (when selling a residential building of more than four units) YOUR ANSWER

Selling a residential building with more than four units does not necessitate a special commercial real estate license in Tennessee. Licensees must hold a general real estate license to conduct sales of residential properties, including multi-family units, as they fall under the same regulatory category as residential transactions.

C (once the licensee has sold five or more commercial properties) YOUR ANSWER

The number of commercial properties sold does not trigger the need for a special commercial real estate license in Tennessee. All real estate agents operate under the same licensing structure, and selling multiple properties does not change the requirement for the type of license needed.

Conclusion

In Tennessee, there is no requirement for a special commercial real estate license, as all real estate transactions, whether residential or commercial, can be performed under a standard license. This structure simplifies the licensing process for agents, allowing them to operate across different property types without the need for additional certifications or licenses.

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