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2020 Tennessee Code
Title 62 - Professions, Businesses and Trades
Chapter 13 - Tennessee Real Estate Broker License Act of 1973
Part 6 - Agency Contracts and Referral Fees
§ 62-13-601. Part Definitions
Universal Citation: TN Code § 62-13-601 (2020)
As used in this part, unless the context otherwise requires:
- “Agency contract” means a valid written contract authorizing a real estate licensee to act as a party's exclusive agent for the purchase, sale or lease of real estate;
- “Agency relationship” means the relationship resulting from an agency contract; and
- “Referral fee” means a commission or any other type of compensation for the referral of a potential buyer, seller, lessor or lessee of real estate.
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