1. (1) The commissions earned by an affiliated licensee while working under a principal broker can still be paid after one (1) or more of the following circumstances occur:

   1. (a) The affiliated licensee transfers to a new broker;
   2. (b) The affiliated licensee retires his or her license;
   3. (c) The affiliated licensee is in broker release status;
   4. (d) The affiliated licensee allows his or her license to expire; or
   5. (e) The death of the affiliated licensee.

Authority: T.C.A. §§ 62-13-203 and 62-13-309. Administrative History: Original rule filed July 20, 2015; effective October 18, 2015.