Tennessee Senate Bill SB0732

Tennessee 2023-2024 Regular Session

• Introduced: 1/30/23

Caption

AN ACT to amend Tennessee Code Annotated, Title 4; Title 62 and Title 66, relative to real estate.

Impact

The proposed amendments will specifically impact Titles 4, 62, and 66 of the Tennessee Code, which relate to administrative procedures and real estate. By mandating the commission to publish a directory for free, the bill seeks to empower consumers with vital information about real estate professionals and services. This could potentially streamline the home-buying process and foster trust between consumers and real estate agents.

Summary

Senate Bill 732 (SB0732) aims to amend the Tennessee Code Annotated by introducing provisions that require the real estate commission to provide a directory on its website at no cost to the public. This change is intended to enhance transparency and accessibility of real estate information, making it easier for consumers to access relevant data without facing financial burdens.

Contention

While the bill appears straightforward, discussion may arise concerning the funding of the commission’s operations if they are required to provide resources at no cost. There are concerns about the potential costs associated with maintaining this directory and how it may necessitate adjustments to the commission's budget. Stakeholders within the real estate industry may voice varying opinions on these regulations, particularly regarding impacts on competition and existing services provided through paid directories.