Question 29

There is no special commercial real estate license in Tennessee.

Tennessee does not require a separate commercial real estate license; all real estate licensees are authorized to engage in commercial transactions under their standard real estate license.

A) when leasing office space of 10,000 square feet or more

This option is incorrect because the Tennessee real estate license does not differentiate based on the size of the office space being leased. A general real estate license is sufficient for all leasing activities.

B) when selling a residential building of more than four units

This option is also incorrect. Selling a residential building with more than four units does not necessitate a commercial license, as it falls under the scope of residential real estate, which can be handled by a standard real estate license.

C) once the licensee has sold five or more commercial properties

This choice is incorrect as well. The number of commercial properties sold does not trigger the need for a separate commercial license in Tennessee; the existing real estate license covers all transactions regardless of quantity.

D) there is no special commercial real estate license in Tennessee

This option is correct. Tennessee’s regulations do not establish a distinct commercial real estate license, meaning that all licensed real estate agents are qualified to deal in both residential and commercial properties.

Conclusion

The correct answer is that there is no special commercial real estate license in Tennessee, confirming that any licensed real estate agent can operate in both sectors. Other options incorrectly imply specific conditions or requirements that do not exist within Tennessee's real estate licensing framework.