A Broker has three years without penalty to complete the required 120 hours of Continuing Education (CE). If they go into the fourth year, a $50/month penalty is added to the renewal. If the CE is not completed after four years, the Broker must downgrade.
A Broker can downgrade to an Affiliate Broker at any time by sending an email to TREC.info@tn.gov. A licensing specialist will then open the downgrade application in CORE and advise the individual on how to proceed.
After downgrading, a licensee would need to retest to become a Broker.