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Requirements for Real Estate Commissions' 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 from January 1 to December 31 of each calendar year.

Temporary licenses are issued for six (6) months and one temporary license is issued per calendar year.

Application Process: - Salesman:
Applications must be completed entirely and legible. Initial Application Requirements:

  • Applicant must be a resident of the U.S. Virgin Islands for at least ninety days (90) immediately prior to submitting application for examination;
  • Letter from licensed broker sponsoring applicant;
  • Proof of Residency;
  • Passport; or if naturalized please provide certification and or a permanent resident identification card;
  • Payment of Required Fees.

Application Process - Broker:
Applications must be completed entirely and legible. Initial Application Requirements:
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;
  • Certificate of Good Standing from the Territorial or District Court (Applies to Attorneys only);
  • Passport; or if naturalized please provide certification and or a permanent resident identification card; and,
  • Payment of Required Fees

Examination:
All persons interested in being a licensed in any area of the Real Estate industry are required to sit a national and state examination. The examination is computer-based offered online, weekly, through PSI Testing Services, LLC, www.psiexams.com or call (800) 733-9267.

The examination consists of two sections and each candidate must earn a minimum score of 75% on each portion before the can be licensed in the US Virgin Islands. The examination fee is Three Hundred Dollars ($300.00) for both parts and Two Hundred Dollars ($200.00) for one part.

Renewal of License Requires:
In order to renew both a professional and or business license, visit the Department of Licensing and Consumer Affairs website (www.dlca.vi.gov), and follow the simple steps in order to obtain a reference number and choose your payment option. A favorable tax approval is required and shall be provided electronically from the VIBIR.


Required Fees:

Non-Refundable Application Fee $50.00
Non-Refund. Deposit for NCIC Check $250.00
Real Estate Salesman      $260.00
Real Estate Salesman - Temporary     $130.00
Real Estate Broker     $325.00
Real Estate Brokerage Company $325.00
Additional Brokerage Location    $65.00
Examination Fee         $300.00  both part
$200.00  one part

 

Mailing Addresses: 
Attention:         H. Nathalie Hodge
Assistant Commissioner, Office of Boards and Commissions
V.I. Real Estate Commission
Department of Licensing and Consumer Affairs
Golden Rock Shopping Center, Suite #9
Christiansted, VI 00820-4311