Changes to broker licensing requirements and brokerage inspections for newly licensed brokers
July 20, 2016
The Commission's Board of Directors have approved bylaw amendments presented by the Licensing Committee. These amendments are new licensing requirements for broker-level licensees, as well as increased frequency of brokerage inspections (formerly audits) for newly licensed brokers. This decision was made after various inspections revealed that many newly licensed brokers were not meeting the minimum passing requirements.