Regulatory Powers - Enable the agency to pass specific regulations and rules to support the

administration of the license law

Judicial Powers - Enable it to conduct hearings and investigations into the activities of licensees and

to rule on license suspensions or revocations

Administrative Powers - Enable it to establish the staff organization, records, and facilities to

manage the licensing process and the licensees themselves

Mission of the Tennessee Real Estate Commission - Protect the public

TREC consists of how many members? - 9

Who appoints members of TREC? - Governor

How many years are the TREC member terms? - 5

Who chooses the TREC chair, vice chair, and executive director? - The commission

Affiliate Broker - • High school diploma

• Completion of 60 classroom hours + 30 credits

Broker - • Must have high school, 120 classroom hours, 90 credits,

Time Share Salesperson - • High school diploma