BrokerageIndustry News

Tennessee legislature passes real estate service bill

Clients can opt out of brokerage services in writing
Published on May 16, 2006

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by CareyBot

A bill establishing new minimum service requirements for all real estate licensees in Tennessee unless such duties are waived in writing has passed the state legislature and is expected to be signed by the governor.

Senate Bill 2897 mandates that licensees assist clients by showing properties, receiving all offers and forwarding them to the client, answering clients' questions during negotiations and advising them on what is needed for a successful closing – unless those duties "are ...

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