Rules & Regulations of the State of Tennessee
Title 1260 - Real Estate Commission
Chapter 1260-02 - Rules of Conduct
Section 1260-02-.32 - CIVIL PENALTIES

Universal Citation: TN Comp Rules and Regs 1260-02-.32

Current through April 3, 2024

(1) The Commission may, in a lawful proceeding against any person required to be licensed by the Commission, in addition to or in lieu of any other lawful disciplinary action, assess a civil penalty for each separate violation of a statute, rule, or order pertaining to the Commission with the following schedule:

ViolationPenalty
T.C.A. § 62-13-103(b)$ 50 ---- 1000
T.C.A. § 62-13-30150 ---- 1000
T.C.A. § 62-13-312(b)(1)250 ---- 1000
(2)200 ---- 1000
(3)300 ---- 1000
(4)100 ---- 1000
(5)300 ---- 1000
(6)200 ---- 1000
(7)300 ---- 1000
(8)100 ---- 1000
(9)200 ---- 1000
(10)300 ---- 1000
(11)250 ---- 1000
(12)300 ---- 1000
(13)300 ---- 1000
(14)50 ---- 1000
(15)250 ---- 1000
(16)250 ---- 1000
(17)200 ---- 1000
(18)250 ---- 1000
(19)250 ---- 1000
(20)200 ---- 1000
(21)100 ---- 1000
T.C.A. § 62-25-103(a)50 ---- 1000
T.C.A. § 62-25-107(b)(1)250 ---- 1000
(2)250 ---- 1000
(3)300 ---- 1000
(4)50 ---- 1000
T.C.A. § 66-32-121(f)(1)250 ---- 1000
(2)100 ---- 1000
(3)200 ---- 1000
(4)300 ---- 1000
(5)250 ---- 1000
(6)250 ---- 1000
(7)400 ---- 1000
(8)350 ---- 1000
(9)400 ---- 1000
(10)250 ---- 1000
Any Commission Rule or Order50 ---- 1000

(2) With respect to any person required to be licensed by the Commission as a real estate broker who is not licensed, the Commission may assess a civil penalty against such person for each separate violation of a statute in accordance with the following schedule:

ViolationPenalty
T.C.A. § 62-13-102$1000
T.C.A. § 62-13-103$1000
T.C.A. § 62-13-105$1000
T.C.A. § 62-13-109$1000
T.C.A. § 62-13-110$1000
T.C.A. § 62-13-301$1000
T.C.A. § 62-13-312$1000

(3) Each day of a continued violation may constitute a separate violation.

(4) In determining the amount of a civil penalty, the Commission may consider such factors as the following:

(a) whether the amount imposed will be a substantial economic deterrent to the violation;

(b) the circumstances leading to the violation;

(c) the severity of the violation and the risk of harm to the public;

(d) the economic benefits gained by the violator as a result of non-compliance; and

(e) the interest of the public.

Authority: T.C.A. §§ 56-1-308 and 62-13-203.

Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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