How To Join FAQs
No, you do not have to join the board, but if you have placed your license with a broker who is a member of the board, you do have to pay the Annual Dues, whether you choose to join or not. You have 30 days from when your license is placed with the member broker to turn in the Membership Form and pay the dues. Failure to do so could result in the broker getting fined. If you do decide to join the board, you will pay the dues plus the $350 entry fee. See rate chart.
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No, It is called an application fee (or entry fee). If you terminate your membership with the board for over 1 year or become expelled for any reason, you will be required to pay the $350.00 fee again.
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We can not force anyone to join the board, but if you have an active real estate license, your broker is required to report you as an add within 30 days of placing your license with the company. The broker will be assessed annual dues for you as a "non-member licensee".
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Yes, the $20 fee is a mandatory assessment by the National Association of REALTORS®. This fee funds a nationwide public awareness campaign that includes TV network and cable ads, as well as radio ads highlighting the value a REALTOR® brings to a transaction and stresses the importance of using a REALTOR®.
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If you have been terminated from the
board for over 1 year, you will have to
apply as a new member and pay the initial
fees again ($350 entry fee and dues).
You will need to complete the "Membership
Form" and have your broker sign it. If
you have been terminated for over 1 year,
but have been paying the "inactive fee"
of $75 each year, you will not have to
pay the $350 entry fee. You will only
need to complete the "Membership Form"
and pay the prorated annual dues for the
current year. If you have been terminated
for less than 1 year, complete the "Membership
Form" and have your broker sign it. You
will need to pay the prorated annual dues
if they have not been paid during the
current calendar year. If your dues have
been paid for the current year, then there
is no fee to reinstate.
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You need to notify three different entities: the Division of Real Estate (by completing the State Change Card), the Salt Lake Board (by completing the Membership Form), and the Wasatch Front Regional MLS (by completing the WFR Subscriber Form). If you have an Electronic Keypad, you will need to have your new broker re-sign the Agreement Forms.
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Annual Dues are due on October 1 for the following year. You have until November 30 to pay them without penalty, however, if the dues are not paid before December 1, a $50 late fee will be added to your dues bill. If the dues are not paid before January 1st, your membership will be terminated and there is an additional $350 fee added to the dues to reinstate as of January 1. If your dues are not paid before February 1, your broker may be terminated as a result.
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The Salt Lake Board provides lock boxes and keys to access listings along the Wasatch Front. REALTORS®, Brokers, Appraisers and qualifying Affiliate Members must first complete the Code of Ethics class and turn in properly signed copies of the purchase and lease agreements before they can obtain a keypad or box. Special keypads are available to Affiliate Members and Assistants.
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If you have questions about the Salt Lake Board of REALTORS® that haven't been answered on this page, please email our webmaster and she will respond to you shortly with the information you need. If you have a question about the real estate industry or a real estate transaction, please look to your REALTOR® for their expertise.
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How To Join FAQ
