§ 5-20.5-11 - Fees and license renewals.
SECTION 5-20.5-11
§ 5-20.5-11 Fees and license renewals.– (a) The following fees shall be charged by the director:
(1) For each application, a fee of ten dollars ($10.00);
(2) For each examination a fee, the cost of which is limitedto the charge as designated by the appropriate testing service's contract withthe department of business regulation;
(3) For each original broker's license issued, a fee ofeighty-five dollars ($85.00) per annum for the term of the license and for eachannual renewal of the license, a fee of eighty-five dollars ($85.00) per annumfor the term of renewal. The total fees for the term of initial licensure andof renewal are paid at the time of application for the license;
(4) For each original salesperson's license issued, a fee ofsixty-five dollars ($65.00) per annum for the term of the license and for eachrenewal of the license, a fee of sixty-five dollars ($65.00) per annum for theterm of the license. The total fees for the term of initial licensure and ofrenewal are paid at the time of application for the license.
(5) For each change from one broker to another broker by asalesperson, or a broker, a fee of twenty-five dollars ($25.00), to be paid bythe salesperson or the broker;
(6) For each duplicate license, where a license is lost ordestroyed and affidavit is made of that fact, a fee of twenty-five dollars($25.00);
(7) For each duplicate pocket card, where the original pocketcard is lost or destroyed and affidavit is made of that fact, a fee oftwenty-five dollars ($25.00);
(8) For each broker's license reinstated after its expirationdate, a late fee of one hundred dollars ($100), in addition to the requiredrenewal fee;
(9) For each salesperson's license reinstated after itsexpiration date, a late fee of one hundred dollars ($100) in addition to therequired renewal fee.
(b) Every licensed real estate broker and salesperson whodesires to renew a license for the succeeding year term shall apply for therenewal of the license upon a form furnished by the director and containinginformation that is required by the director. Any renewal of a license issubject to the same provisions covering issuance, suspension, and revocation ofany license originally issued. At no time shall any license be renewed withoutexamination if the license has expired beyond a period of one year.