Company License
Any sole proprietorship, corporation, partnership, branch office, or lawfully constituted business organization as the Legislature may provide from time to time, which is licensed as a company under Articles 1 and 2 of this chapter.
An applicant for a company or broker license shall maintain a place of business.
If the applicant for a company or broker license maintains more than one place of business in the state, he or she shall have a company license for each separate location or branch office.
A company license shall become invalid on the death or disability of a qualifying broker. Within 30 days after the death or disability, the corporation, or the remaining partners of the successor partnership, if any, may designate another of the officers, members, or salespersons to apply for a license as temporary qualifying broker.
The original fee for each company license shall be $85 per year for each year or portion of a year remaining in the respective license period, and the renewal fee for each license shall be $85 dollars per year for each year of the license period.
Every license shall expire at midnight on September 30 of the final year of each license period. This applies to company licenses as well as salesperson and broker licenses.
