Application Flashcards

1
Q

How many property owners do you need to know?

A

3

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2
Q

How long do you need to know the property owners for?

A

At least 1 month

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3
Q

How many photos are being requested on the application?

A

2 (1 full face and 1 profile “side view”)

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4
Q

How long do you have to know the business owner references?

A

5 years

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5
Q

Does application ask for SSN?

A

yes

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6
Q

Does the application ask you for any banking information?

A

Yes

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7
Q

How much is the application fee for a Salesperson?

A

$120.00

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8
Q

How much is the application fee for a Broker?

A

$150.00

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9
Q

How much is the application fee for a Partnership, association or Corporation?

A

$75.00

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10
Q

How much are the renewal fees?

A

Broker & Partnership $75.00 per year

Salesperson $60.00 per year

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11
Q

What is the penalty for late renewal within grace period?

A

100% penalty

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12
Q

Where does all the money go that you pay?

A

Real Estate License Fund

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