Fillable $50 LIMITED LIABILITY COMPANY LICENSE APPLICATION (Idaho Real Estate Commission)

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$50 LIMITED LIABILITY COMPANY LICENSE APPLICATION (Idaho Real Estate Commission)

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REE-147-23
Rev. 07/2020
IREC use only
License #:
__________________________
Receipt #
: __________________________
Approved:
__________________________
575 E. Parkcenter Blvd., Suite 180
Boise, Idaho 83706
Office:(208)334-3285
irec.idaho.gov
LIMITED LIABILITY COMPANY
LICENSE APPLICATION
$50
$50
INSTRUCTIONS: Submit this original, completed application form with the required fee and
ALL attachments. Applications that are illegible, incomplete, or missing the fee or required
attachments will be immediately returned without processing.
Applications that are faxed/emailed will not be accepted.
Your company is not licensed until IREC approves the license application. It is unlawful for your company to engage in the
businessoractinthecapacityofarealestatelicenseeinIdahowithoutrstobtainingalicense.Allow10businessdaysto
process the completed application.
NOTE: Applications are processed in the order received. Updates on the status of license applications will NOT be
given over the phone. When your company and license number appears on active status in the License Lookup on
the IREC website, your license has been approved.
1. LIMITED LIABILITY COMPANY INFORMATION
Name of Limited Liability Company:
DoingBusinessAs(DBA)name,ifany:
(the DBA name must be registered with the Idaho Secretary of State)
Physical address:
City State Zip
Mailingaddress(ifdifferentfromabove):
City State Zip
Businessphone(required): Fax:
Email: Website:
2. DESIGNATED BROKER: Every limited liability company shall designate and appoint a member or manager to be the
DesignatedBroker(DB)forthelimitedliabilitycompany.
a. Proposed DB: ______________________________________________________________________________
Name LLC Title
b. Does the proposed DB already have an Idaho broker license?
No - Attach a completed broker license application for the proposed DB
Yes - Provide Idaho broker license number _____________________
I have completed the Idaho Business Conduct & Offi ce Operations* or Brokerage Management* course within the
3 years immediately preceding the date of this application (inactive to active DB or AB to DB applicants only).
*Attach a copy of the completion certifi cate if not already recorded on your IREC education record.
3. Will this company replace an existing company?
No
Yes - I acknowledge IREC will terminate the existing company named below:
Name of Company: ______________________________________________________ Lic. No.: ______________
REE-147-23 Rev. 07/2020 Page 2 of 2
4. ERRORS & OMISSIONS INSURANCE: (E&O insurance must have an eective date on or before the date you submit
your application)
Rice Insurance Services Company (Commission group policy - attach copies of separate RISC certicates of
coverage - 1 for the DB and 1 for the corporation) - OR
Independent Coverage (attach completed, signed Certication of E&O Coverage form(s) (REE-141 and/or REE-142)
showing coverage for both the DB and the corporation)
REQUIRED ATTACHMENTS
____ $50licensefee(checkorcreditcardauthorizationform) ............................................................................................................
____ ListofMembersandManagers(names,titlesandaddressesofallmembersandmanagersoftheLLC)...................................
____ LLCRegistration(attachale-stampedcopyofeithertheCerticate of Organization of the Limited Liability
Company or Certicate of Authority(ifaforeigncorporation)issuedbytheIdahoSecretaryofState).................................................
____ DBARegistration(ifapplicable,attachale-stampedcopyoftheCerticate of Assumed Business Name issued
bytheIdahoSecretaryofState)...................................................................................................................................................
____ Operating Agreement stating that the proposed DB has full authority to act on behalf of the company, has been
named the Designated Broker, and is a member or manager for the Limited Liability Company ................................................
____ TrustAccountNoticationForm(REE-088)whetheryouwillholdentrustedfundsornot............................................................
____ E&OInsuranceCerticationofCoverageformforboththeDBandthecompany(part4)..........................................................
____BrokerLicenseApplicationforproposedDB(ifnotalreadylicensedasanIdahobroker) ..........................................................
____ IhavecompletedtheBCOOorBrokerageManagementcoursewithinthepreviouse3years(inactivetoactiveDB
orABtoDBapplicantsonly).........................................................................................................................................................
ProposedDesignatedBroker(signature)
NOTARY IS REQUIRED
State of )
 )ss.
County of )
I, , a notary public, do hereby certify that on this day
of , 20 , personally appeared before me who,
being by me first duly sworn, declared that he/she is the proposed designated broker and a member or manager of the
limited liability company, that
he/she signed the foregoing document on behalf of the company, and that the statements therein contained are true.
___________________________________________________
Notary Public
notary seal
__________________________________________________
My Commission Expires
NOTICE: Because of rising costs associated with issuing a refund, it is the policy of IREC to refund overpayments of under $25 only if requested in writing
within 30 days of IREC receipt of the overpayment. Overpayments of $25 or more will be automatically refunded. There is a $20 fee assessed for each
check returned to IREC for insucient funds.
IREC use
ONLY
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$50 LIMITED LIABILITY COMPANY LICENSE APPLICATION (Idaho Real Estate Commission)

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Completed 28 December 2021

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