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Frequently Asked Questions - Real Estate Firms

  1. How do I open a new firm?
  2. How do I close a real estate firm ?
  3. Do I have to have a local license?
  4. What is the law on branch offices?

Q. How do I open a new firm?

A. Visit the Opening a Real Estate Firm section of this website. This section provides information about things to consider when opening a firm along with the access to the application.

Q. How do I close a real estate firm?

A. To close a form you will need to submit the Close a Firm Form, along with a Change Application for every affiliate assigned to the firm removing them from the firm. These functions can now be completed online through the Online Services section of this website.

Q. Do I have to have a local license?

A. Check with your local government to see what licenses, if any, they require. Most city and county governments do require firms to have a business license.

Q. What is the law on branch offices?

A. A firm may have as many branch offices as it desires as long as it complies with all local business ordinances affecting their operations. The license law does not require that a broker be in each office. However, the broker of the firm is responsible for the acts of any licensee in any of the firm's branch offices. See License Law 43-40-18.