In Tennessee, who can legally negotiate commissions for real estate transactions?

In Tennessee, only licensed brokers have the legal authority to negotiate commissions for real estate transactions. This is consistent with state laws governing real estate practices, which require individuals who are involved in the negotiation of commissions or compensation for services rendered in real estate transactions to hold a valid broker's license.

Real estate agents, while they may assist in the transaction process, must work under the umbrella of a broker and cannot independently engage in negotiations regarding commissions. This structure is in place to ensure that there is proper oversight and compliance with regulations in real estate practices.

Real estate attorneys primarily deal with legal aspects and documentation related to real estate transactions, but they do not negotiate commissions unless they hold a broker's license as well. Therefore, the option that states only licensed brokers can negotiate commissions reflects the legal requirements established by Tennessee real estate law.