Tennessee Interstate Real Estate Guide
Out of State Licensee (OSL) Participation in deals:
Limited Cooperative State

Tennessee​ Out of State Broker Cooperation

- An out-of-state licensee may only receive a part of commission from a Tennessee licensee if the out-of-state licensee does not conduct any negotiations within Tennessee.
Tennessee​ ​Real Estate License Types
Tennessee​ ​Real Estate Exam Providers
Tennessee​ ​Real Estate Waivers
Real Estate Affiliate Broker
​Real Estate Broker
​PSI Exams
Real Estate Education Waiver
​Real Estate Experience Waiver
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Tennessee​ Real Estate Reciprocity

None
Confirmed on TN Department of Commerce & Insurance - under Nonresident Candidates

Specific to Tennessee​ Real Estate ​

- Requires Mandatory E&O (see RISC)
​https://www.risceo.com/states/tennessee/ 

Tennessee​ Reverse Reciprocity

​These states specifically mention Tennessee in their Reciprocity: 
Massachusetts, Montana

These States recognize any other State licenses but may have additional requirements: 
​Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Vermont, Washington

Tennessee​ Real Estate Customs

A title company attorney, a party to the contract, a lender’s representative, or an outside attorney may conduct a closing.
Conveyance is by warranty or quitclaim deed. Deeds of trust are the customary security instruments.
Tennessee uses ALTA policies and endorsements.
The payment of title insurance premiums, closing costs, mortgage taxes, and transfer taxes varies according to local practice.
Property taxes are payable annually.