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2012 TREC Seminar


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Representatives from the Tennessee Real Estate Commission recently taught two TREC update seminars. They graciously shared their PowerPoint presentation.

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2012 TREC Seminar

  2. 2. 2012 TREC SEMINAR• Eve Maxwell - TREC Executive Director• Robyn Ryan – Assistant General Counsel• Steve McDonald – TREC Education Director• Stewart Prather – Chief Legal Counsel, Rice Insurance Services Company, LLC
  3. 3. TREC 2012 SEMINAR SCHEDULE April 25, 2012 Williamson County Association of REALTORS® April 26, 2012 Southern Middle Tennessee Association of REALTORS® at Columbia State College Lewisburg Campus May 30, 2012 Clarksville Associaiton of REALTORS® May 31, 2012 Greater Nashville Association of REALTORS® July 25, 2012 Central West Tennessee Association of REALTORS® July 26, 2012 Memphis Area Association of REALTORS® August 22, 2012 Upper Cumberland Association of REALTORS® August 23, 2012 Greater Chattanooga Association of REALTORS® September 26, 2012 Knoxville Area Association of REALTORS® September 27, 2012 Northeast Tennessee Association of REALTORS®
  4. 4. TENNESSEE REAL ESTATECOMMISSION• Our Purpose:  »To license and regulate real estate brokers and affiliate brokers, real estate firms, rental location agents, time-share salespersons and developments, vacation clubs and vacation lodging services.• Our Mission: »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.
  5. 5. TREC COMMISSIONERSIsaac W. Northern, Jr. – Wendell Alexander -(Chairman) Memphis DresdenWilliam “Bear” David Flitcroft -Stephenson – Knoxville(Vice- Chairman) Clinton Janet DiChiara-Michelle Haynes - Gallatin JacksonGrover Collins -Lewisburg Austin McMullen- Nashville John Griess- Farragut
  6. 6. 2012 TREC COMMISSION MEETINGS ATTEND 2 DAY COMMISSION MEETING – RECEIVE Complimentary 8 HR CE• June 13-14 Nashville• July 12 – 13 Jackson• August 8 – 9 Nashville• September 12 -13 Nashville• October 11 – 12 Chattanooga• November 7-8 Nashville• December 5-6 Nashville
  8. 8. LICENSE RENEWAL• • Enter your 6 digit license number OMITTING 2501 or 2502 • IF your license is ACTIVE, enter your FIRM zip code. Enter home zip code for any other status. • Follow the prompts for payment. • ALL PAYMENTS WILL BE PROCESSED REGARDLESS OF DEFICIENCES • Print your confirmation as receipt and write the time and date as it will not be printed
  9. 9. TREC LICENSE STATUS• License Status: Active and Retired• Inactive = NON-Renewable License• Broker Released = NON-Renewable License
  10. 10. TREC LICENSE STATUS• Inactive Status- • Licensee must complete education before expiry in order for license to be retired.• Broker Released- • TREC sends letter to licensee’s home address after release from PB stating what licensee needs to do with license • Licensee has 10 days to affiliate with another firm or must go inactive or retire • AVOID $250.00 citation
  11. 11. TREC COMMUNICATION• ACTIVE Licensees shall receive mail at their office mailing address• Inactive, Broker Released and Retired Licensees shall receive mail at the last updated address on file with the Commission• Mail from TREC is not forwarded• Sign for certified mail. Do not ignore it!
  12. 12. TREC UPDATES• Policy on Internet Advertising- applies to “First Generation” advertising• Death or Extended Absence of Principal Broker- a new principal broker must be in place no later than the 61st day
  13. 13. TREC JEOPARDY!License Education Money Advertisement ContractMissteps Honors Matters All*stars Conundrums 100 100 100 100 100 200 200 200 200 200 300 300 300 300 400 400 400 500 500 600 600 700 800
  14. 14. E & O Discussion begins in 10 minutes! Stewart L. Prather Rice Insurance Services Company, LLC Administrator for Continental Casualty Co. Email: