Get the free BROKER TO SALESPERSON (FORM LI-220) X X X - azre

ARIZONA DEPARTMENT OF REAL ESTATE (ARE) DOUGLAS A. DUCEY GOVERNOR Licensing Division www.azre.gov 2910 N. 44th Street, Suite 100, Phoenix AZ 85018 JUDY LOWE COMMISSIONER BROKER TO SALESPERSON (FORM

How to fill out broker to salesperson form

How to fill out a broker to salesperson form:

1. Obtain the form: The first step is to acquire the broker to salesperson form. You can usually find it on the website of your local real estate regulatory agency or through your current broker.
2. Read the instructions: Carefully go through the instructions provided with the form. These instructions will guide you on how to complete each section correctly.
3. Personal information: Begin by filling out your personal information, including your full name, address, contact number, and email address. Make sure to provide accurate and up-to-date details.
4. Licensing details: Provide your current real estate license information, including the license number, the date it was issued, and the expiration date. If you have any additional licenses or certifications, mention them as well.
5. Employment information: Fill in the details of your current or prospective employing broker. Include their name, address, contact information, and license number. If you are planning to work independently, indicate that you will be a sole proprietor.
6. Agreement terms: Read and understand the terms of the broker to salesperson agreement section. This typically includes the commission percentage or split, any fees or costs associated with the agreement, and the duration of the agreement.
7. Sign and date: Once you have completed all the required sections, sign and date the form. If there are any additional documents or disclosures that need to be attached, make sure to do so before submitting the form.

Who needs a broker to salesperson form:

1. Aspiring salespersons: Individuals who have completed the necessary real estate education and are looking to work as salespersons under a licensed broker will need to fill out a broker to salesperson form. This form establishes the legal relationship between the salesperson and the broker.
2. Current salespersons: If you are already working as a salesperson under one broker and wish to switch to another, you will need to complete a broker to salesperson form with the new broker. This form ensures that the necessary paperwork and responsibilities are transferred correctly.
3. Independent salespersons: Individuals who plan to work as independent salespersons or sole proprietors may also need to complete a broker to salesperson form. This form will establish the legal framework for the independent work and any affiliations with a broker, if applicable.

Remember to consult your local real estate regulatory agency or professional association for specific guidelines and requirements related to filling out the broker to salesperson form in your jurisdiction.

For pdfFiller’s FAQs

What is broker to salesperson form?

Broker to salesperson form is a document that outlines the relationship between a real estate broker and a salesperson working under them.

Who is required to file broker to salesperson form?

The broker is required to file broker to salesperson form for each salesperson working under them.

How to fill out broker to salesperson form?

The broker must fill out the form with accurate information about the salesperson's employment status, commission structure, and any other relevant details.

What is the purpose of broker to salesperson form?

The purpose of the broker to salesperson form is to establish the legal relationship between the real estate broker and the salesperson, outlining their roles and responsibilities.

What information must be reported on broker to salesperson form?

The form must include details such as the salesperson's contact information, licensing information, commission agreement, and any other relevant terms of their employment.

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