Tennessee

	Allows choice of brokerage services
	Prohibits brokers from offering rebates to consumers

Tennessee law allows home sellers to choose the services they wish their broker to perform by including a provision allowing them to waive their broker’s performance of certain required minimum services.

In 2007, Tennessee passed a law that would prohibit payment of cash rebates to buyers and sellers of real estate. This law effectively overruled the decision by the Tennessee Real Estate Commission to permit such rebates. Tennessee consumers are thus unable to benefit from rebates that consumers in other states may receive.

Learn more about:

• Brokerage services: Discount Brokers Can Make Selling a Home Less Costly
• Rebates: Rebates Make Buying a Home Less Expensive

Antitrust Division documents:

Press release:

• Justice Department Expresses Concerns to Tennessee State Legislature on Bill That Would Deny Consumers Cash Rebates in Real Estate Transactions (05/14/2007)

Comment letter:

• Letter to Tennessee House of Representatives Re: Comments on Tennessee House Bill 2095 (05/12/2007)

Related documents on the Internet:

• Tennessee Code Annotated § 62-13-302 prohibiting the payment of cash rebates
• Tennessee Code Annotated § 62-13-404 requiring brokers to perform minimum services, but allowing consumer waiver

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