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TENNESSEE REAL ESTATE
    COMMISSION

2012 EDUCATION SEMINAR
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
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®
TENNESSEE REAL ESTATE
COMMISSION
• 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.
TREC COMMISSIONERS
Isaac W. Northern, Jr. –     Wendell Alexander -
(Chairman) Memphis           Dresden

William “Bear”               David Flitcroft -
Stephenson –
                             Knoxville
(Vice- Chairman) Clinton
                             Janet DiChiara-
Michelle Haynes - Gallatin
                             Jackson
Grover Collins -
Lewisburg                    Austin McMullen-
                             Nashville

                             John Griess- Farragut
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
TREC SITES TO BOOKMARK
• www.tn.gov/commerce/boards/trec

• https://apps.tn.gov/ciupdates

• http://verify.tn.gov

• https://apps.tn.gov/cirens
LICENSE RENEWAL
• https://apps.tn.gov/cirens/
   • 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
TREC LICENSE STATUS

• License Status: Active and Retired

• Inactive =             NON-Renewable License

• Broker Released =            NON-Renewable
  License
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
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!
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
TREC           JEOPARDY!
License    Education   Money     Advertisement   Contract
Missteps   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
E & O Discussion begins in 10
          minutes!



  Stewart L. Prather
  Rice Insurance Services Company, LLC
   Administrator for Continental Casualty Co.

      Email: sprather@risceo.com

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2012 TREC Seminar

  • 1. TENNESSEE REAL ESTATE COMMISSION 2012 EDUCATION SEMINAR
  • 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. 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. TENNESSEE REAL ESTATE COMMISSION • 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. TREC COMMISSIONERS Isaac W. Northern, Jr. – Wendell Alexander - (Chairman) Memphis Dresden William “Bear” David Flitcroft - Stephenson – Knoxville (Vice- Chairman) Clinton Janet DiChiara- Michelle Haynes - Gallatin Jackson Grover Collins - Lewisburg Austin McMullen- Nashville John Griess- Farragut
  • 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
  • 7. TREC SITES TO BOOKMARK • www.tn.gov/commerce/boards/trec • https://apps.tn.gov/ciupdates • http://verify.tn.gov • https://apps.tn.gov/cirens
  • 8. LICENSE RENEWAL • https://apps.tn.gov/cirens/ • 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. TREC LICENSE STATUS • License Status: Active and Retired • Inactive = NON-Renewable License • Broker Released = NON-Renewable License
  • 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. 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. 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. TREC JEOPARDY! License Education Money Advertisement Contract Missteps 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. E & O Discussion begins in 10 minutes! Stewart L. Prather Rice Insurance Services Company, LLC Administrator for Continental Casualty Co. Email: sprather@risceo.com