Licensing Of Agents And Brokers

Definition of "Licensing of agents and brokers"

Tracy  Epting
  Texas Realty Cafe

Legal authority granting individuals the right to conduct insurance business in a particular state. In many states, agents and brokers must pass a written exam as a prerequisite to being licensed. In others, a professional designation such as the CLU or CPCU can be substituted for the examination requirement. The caliber of examinations varies from state to state. A license is usually issued for one or two year periods, and then must be renewed.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ