Which of these is the tennessee real estate commission specifically prohibited from regulating?

What is the IABS?  

Texas law requires all brokers and sales agents to provide written notice regarding information about brokerage services at the first substantive communication with prospective buyers, tenants, sellers, and landlords concerning specific real property. The Information About Brokerage Services form (or the IABS) is the required method to provide that information to those parties.  

Posting and delivery are BOTH required  

It is important to remember that the IABS must both be delivered at the first substantive communication, and the completed IABS must be posted on the homepage of the license holders’  business website. A business website is a website controlled by the license holder, accessible to the public, and that contains information about a license holder’s real estate brokerage services.  

Posting the IABS  

Make sure to comply by following these simple rules.  

  • All fields in the IABS must be correctly filled out. 

  • Post a link to the IABS form labeled "Texas Real Estate Commission Information About Brokerage Service," in at least 10 point font or "TREC Consumer Protection Notice" in at least 12 point font on the homepage of the business' website, in a readily noticeable place.  

  • On social media, TREC added flexibility for posting a link to the IABS. Just make sure a link to the homepage of  the business’ website with the completed IABS is linked in the social media profiles .  

Delivery of the IABS  

What are some acceptable ways to deliver the IABS?  

  1. Via email  
  • In the body of an email. The link to the IABS must be above the email signature block and specifically reference the IABS form.  
  • As an attachment to an email. The body of the email must specifically reference the IABS in the body of the email.  
  1. Physically  
  • Give the completed IABS form directly to  a client at the first substantive conversation.  
  • First class mail or overnight common carrier delivery service.  

What is the Consumer Protection Notice?  

The Consumer Protection Notice provides information about filing a complaint with TREC, and information regarding the two TREC recovery funds. This notice must be displayed in a readily noticeable location in each place of business the broker maintains and must be posted on your business website homepage in a readily noticeable place. The link on the website must either state "Texas Real Estate Commission Consumer Protection Notice," in at least 10 point font or "TREC Consumer Protection Notice," in at least 12 point font.  

Still, have more questions?  

Review or Frequently Asked Questions on the TREC website.  Search by “IABS” or “Information About Brokerage Services”. 

The processing dates provided below are updated every Monday by 3:00 PM Central Time

The dates reflected below refer to the Received Date of the documents that we are currently processing. Please allow 3-5 business days for review and processing. Type of TransactionCurrently Processing Documents
Received On: 

Initial Online Sales Agent Applications and Supporting Documents

Application Tracker

Initial Individual Online Broker Application October 3, 2022
Individual Broker/Sales Agent Renewals

October 4, 2022

First-time Online Business Entities

October 5, 2022

Business Entity Renewals/Documents

October 5, 2022

Assumed Business Names (DBA) or Team Names

October 4, 2022

Initial Inspector Application

October 7, 2022

Inspector Renewal October 7, 2022
Easement or Right-of-Way October 7, 2022

Background Checks

The processing times noted above DO NOT apply to initial and renewal applications referred for additional review due to background check results. These applications are made confidential to protect the applicant.  Any information, including processing status, cannot be disclosed by our call center.  In those instances, if any additional information is needed concerning your application, you will be contacted directly by our enforcement division.

Which of the following is a responsibility of the Tennessee Real Estate Commission?

The mission of the Tennessee Real Estate Commission is to protect the public through establishment and administration of minimum requirements for candidates and licensees, effective professional education of licensees and enforcement of professional conduct.

What is the official chapter cite for the rules and regulations of the Tennessee Real Estate Commission?

Chapter 1260-02 - Rules of Conduct.

In which act will you find the rules and regulations governing real estate licensees in Tennessee?

What are the primary sources of laws and regulations governing real estate licensees in Tennessee? The Tennessee Real Estate License Act and the Commission rules.

What's true about licensee commission in Tennessee?

What's true about licensee commission in Tennessee? It's subject to a standard commission rate. It's subject to a brokerage split. It may be paid directly to the licensee, with the client's approval.

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