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Description BROKERAGE AGREEMENTS & CONTRACTS Do you or anyone you sponsor conduct real estate activity for others? 1450.770 1450.775 Have you or anyone you sponsor had any sales, listings, property management or rental agreements during the past 3 years? Attach a list of your closed agreements for the last 12 months and list of pending sales (include the type of transaction, property address and agreement date). If you have not had a transaction within the last 12 months, provide a list of.

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How to fill out the Brokerage Verification Report Form online

Completing the Brokerage Verification Report Form online is essential for real estate professionals to ensure compliance with regulations. This guide provides clear, step-by-step instructions to help users navigate each section effectively.

Follow the steps to accurately complete the form.

  1. Click the ‘Get Form’ button to obtain the Brokerage Verification Report Form and open it in an online editor.
  2. Fill in your reference number, if applicable. This number may be required for authoritative purposes, and it should only be used with the authorization of a Real Estate Professions Examiner.
  3. Enter your name, license number, and the name under which you do business (d/b/a). Fill in your telephone number, email address, and physical address, including the city, state, and ZIP code.
  4. Specify the county where your business operates. This information is crucial for local regulatory purposes.
  5. Complete the statutory reference section by answering the questions about your business. Indicate whether you maintain a definite place of business and if you have a sign displayed outside.
  6. Answer the questions related to your office's structure, including the separation from retail or financial establishments and the availability of licenses to the public.
  7. If applicable, list any assumed names (d/b/a) you operate under and attach the required documentation for each.
  8. Provide details of your branch offices, including names and addresses, and attach this list if necessary.
  9. Indicate whether you operate a franchise or are a member of a real estate organization and provide the corresponding names where required.
  10. Continue to fill out sections related to your sponsored licensees by providing the number of individuals you sponsor and attaching their names and license numbers.
  11. Once all sections are completed, review your entries for accuracy.
  12. At the end of the form, after your declarations and signatures, save your changes. You can then download, print, or share the completed form as needed.

Complete your Brokerage Verification Report Form online today to ensure compliance and maintain your professional standing.

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How to transfer a real estate license to another broker in Pennsylvania? Switching from your current employing broker to a new one in Pennsylvania can be done by logging in through the BPOA website and submitting a request online.

A broker is a person that facilitates transactions between traders, sellers, or buyers. Think of a broker as a middleman who ensures transactions can run smoothly and that each party has the necessary information. Brokers exist in many industries, including insurance, real estate, finance, and trade.

Note that in some states (Illinois, North Carolina, and Colorado, for example) all real estate salespeople are called “brokers” as soon as they get their licenses. Only those with higher levels of education and licensing can call themselves managing brokers or brokers-in-charge.

A. In order to determine if someone has a current Real Estate License in Illinois, you should visit Illinois Department of Financial and Professional Regulation or contact them at 800-560-6420.

The main difference between an agent and broker is the number of responsibilities they're able to take on. A broker can do everything an agent can do, but they have the added responsibility of making sure all real estate transactions are lawful, all paperwork is accurately completed and all finances are accounted for.

You can use the Illinois Real Estate Agent License Lookup Tool to verify an agent's license status. Complete 75 hours of approved Pre-Licensing education. ... Pass the course final exam. ... Pass the Illinois Real Estate Broker Examination. ... Select a sponsoring broker. ... Complete the application.

Basic Differences Real estate agents are required to work under a supervising real estate broker in California. Brokers, on the other hand, have the freedom to work under another broker, work completely independently, or build their own real estate companies full of real estate agents working under them.

The 45 hours of Post-License education consists of three 15-hour courses each ending with a 50-question final exam: Risk Management/Discipline (includes sexual harassment prevention requirement), Applied Brokerage Principles, and Transactional Issues. The courses can be taken in any order.

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