(a)(1) Any person acting as a broker, affiliate broker, time-share salesperson or acquisition agent without first obtaining a license commits a Class B misdemeanor.(2) A corporation that violates subdivision (a)(1) is ineligible to obtain a license for a period of one (1) year from the date of conviction of the offense.(b) Any person acting as a broker, affiliate broker, time-share salesperson or acquisition agent without first obtaining a license who has received any money or the equivalent of money as a fee, commission, compensation or profit by or in consequence of a violation of this chapter, is, in addition, liable for a penalty of no less than the amount of the sum of money so received and no more than three (3) times the sum so received, as may be determined by the court, which penalty may be recovered in any court of competent jurisdiction by any person aggrieved.Acts 1973, ch. 181, § 18(a), (b), (c); T.C.A., § 62-1339; Acts 1982, ch. 589, §§ 1, 2; 1982, ch. 864, §§ 11, 12; 1989, ch. 89, § 5; 1989, ch. 591, § 112; 2002, ch. 812, § 3.
Tennessee Legal Code