§ 62-13-601. Part definitions.

TN Code § 62-13-601 (2019) (N/A)
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(1) “Agency contract” means a valid written contract authorizing a real estate licensee to act as a party's exclusive agent for the purchase, sale or lease of real estate;

(2) “Agency relationship” means the relationship resulting from an agency contract; and

(3) “Referral fee” means a commission or any other type of compensation for the referral of a potential buyer, seller, lessor or lessee of real estate.