11-Jan-2008

Editors Note: The Tennessee Real Estate Commission has raised the issue of whether Principal Brokers are meeting their duty to adequately supervise the licensees in their firms. We will be running a series of tips regarding the legal duties of supervision as found in TREC Rules, Regulations, Policies, the Tennessee Brokers Act, and by other state statutory and common law sources.

This series will be a "must read" for Principal Brokers and will probably be our longest series of tips ever.

This also gives us an opportunity to introduce you to the latest attorney to join our firm. Molly Cripps is probably a familiar name to you as she served as the TAR Hotline attorney while associated with the law firm Farrar and Bates.

Molly has joined Smith.Sholar as the firm ramps up its practice of Principal Broker and Brokerage firm representation and representation of Brokers and licensees in connection with TREC complaints. Molly will author our Real Estate Tips of the Week and will also be working in our Elder and Estate Center.

Smith.Sholar attorney Trudy Milliken has ably authored the Tips for several years and is now drafting our new Commercial Real Estate Tip of the Week. To subscribe to the commercial tips email us at info@smithsholar.com.

Best regards,
Brian Smith