What is the fee for a broker transferring from one broker to another for the first time during a renewal period?

The fee for a broker transferring from one broker to another for the first time during a renewal period is set at $30. This amount is established by the state, specifically outlined in the Arkansas real estate regulations. It is essential for brokers to be aware of these fees as they can impact their decisions regarding transferring affiliations.

Understanding these fees is crucial for managing business expenses and ensuring compliance with state regulations. The amount charged reflects the administrative costs associated with processing the transfer, including updating records and ensuring that all regulatory obligations are met. By knowing the correct fee, brokers can plan accordingly and avoid potential misunderstandings during the renewal process.