Requirements
for Real Estate Commission Licensure and Examination
Purpose of Licensure:
To set standards of qualifications, education, training, and experience for persons engaged in the Real Estate field. To promote high standards of professional performance for those persons working in the Real Estate field. To ensure that everyone engaged in work in the Real Estate field is licensed.
Period of Licensure:
All permanent licenses are issued on an annual basis. Temporary licenses are issued for six (6) months and one temporary license is issued per calendar year.
Application Process - Salesman:
Initial Application Requires:
- Completed Application
- Applicant must be a resident of the U.S. Virgin Islands for at least thirty days (30) immediately prior to submitting application for examination;
- Letter from licensed broker sponsoring applicant;
- Favorable tax clearance letter from the V.I. Bureau of Internal Revenue;
- Payment of Required Fees.
Application Process - Broker:
Initial Application Requires:
- Completed Application;
- Proof that applicant has been a Licensed Real Estate Salesman in the Virgin Islands for at least two (2) consecutive years or an attorney licensed and admitted to practice in the U.S. Virgin Islands;
- Favorable tax clearance letter from the V.I. Bureau of Internal Revenue;
- Payment of Required Fees.
- Certificate of Good Standing from the Territorial or District Court (Applies to Attorneys only).
Examination:
All persons interested in being a licensed in any area of the Real Estate industry are required to sit an examination. The examination is available to all candidates via computer year round on St. Croix. Additionally, a paper/pencil version of the examination is offered monthly on the island of St. Thomas. The examination consists of two sections and each candidate must earn at minimum a score of 70% on each portion before they can be licensed in the Virgin Islands. The examination fee is One Hundred Twenty Five Dollars ($125.00) for both parts and One Hundred Ten Dollars ($110.00) for one part.
Renewal
of License Requires:
- Completed renewal application (available on back of license);
- Payment
of Required Fees.
- Favorable tax clearance letter from
the V.I. Bureau of Internal Revenue;
Required
Fees:
| Application
Fee |
$50.00
|
|
| Real Estate
Salesman |
$200.00
|
|
| Real Estate
Broker |
$250.00
|
|
| Real Estate
Brokerage Company |
$250.00
|
|
| Additional
Brokerage Location |
$50.00
|
|
Mailing
Addresses:
Attention: Lisa Davis
Administrator, Boards and Commissions
V.I. Board of Real Estate Commission
Department of Licensing and Consumer Affairs
Golden Rock Shopping Center, Christiansted
St. Croix, VI 00822
|
Golden
Rock Shopping Cntr
Administrative Complex
Prop. & Procurement Bldg.