Real Estate Licensi...
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Real Estate Licensing

(@Real Estate Agent)
Posts: 0
New Member

Hello. I was wondering if anyone might be able to direct me to information regarding the requirements for a real estate liscense in the USVI? I currently hold a Texas license, but I've been unable to find any information on the web as to any additional requirements needed to work in the Islands. Any assistance would be greatly appeciated.

Posted : May 28, 2006 6:39 pm
Posts: 1428
Noble Member

There are a few past threads in the archives that outline the steps to take to become licensed as a real estate agent in the USVI.

You must reside on one of the islands for a minimum of 30 days prior to applying and you must be at least 18 years old.
You will need to find a broker who will accept you as a new agent in his/her brokerage and provide you with a letter stating that they take responsibility for your professional actions.
You will need to obtain a "tax clearance letter".
You will need to provide a few names and contact numbers for island residents as references.
You then combine this info and submit it to the USVI Licensing Office along with the application for licensure and a fee.

The licensing process than includes your application being reviewed by the Real Estate Commission (a board appointed by the Governor). The commission is supposed to make some inquiries into your background (criminal record check, etc.)

Once approved by the commission, you will receive a "temporary license". You will have six months in which to take and pass the real estate exam to gain your permanent license. There is no educational requirement at this point in time.

If you wish to be able to access the local MLS, you will also need to apply to become a member of the Board of Realtors. Most brokers are member offices and it is required that you become a member if you are to work at one of the member brokerages. It can take 2-6 weeks to receive acceptance from the Board of Realtors once you apply to them for membership. You will be required to take the Code of Ethics course and attend a New Member Orientation meeting.

There are a few other odds and ends, but that's the basic outline of the process.

Posted : May 29, 2006 3:41 pm
(@Real Estate Agent)
Posts: 0
New Member

Thank you for your reply. I appreciate it!

Posted : May 29, 2006 7:25 pm
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