Real Estate Business Entity (REBE)
Understand the requirements of this profession to be a credential holder in WI.
Credential Statute: Wis. Stat. Ch. 452
Credential Code: Chapter REEB
Disclaimer: Please review WI statute for full professional requirements.
Related Boards: Real Estate Examining Board
Overview
This page contains all information required for the Real Estate Business Entity credential. Each way to apply has a special subsite denoting specific requirements. Renewal information, forms, and legal information can be found on this page.
Application Methods
New Licensure
For applicants who have never held a Wisconsin Real Estate Business Entity license.
Renewal After 5 Years
Applicants who have previously held a Wisconsin Real Estate Business Entity licese, that has been expired 5 or more years.
Irrevocable Consent for Nonresidents
All nonresident applicants must complete Form 813A - Irrevocable Consent for Nonresidents.
Employment Amendments
Employers may add employment on behalf of an agent at LicensE.
First, log in to the LicensE business account and select Amendments, then select Request for Amendment at the top of the page.
Next, select the Notice of Association (812) amendment.
When a business submits the amendment, Form 812 isn't required. A $10 fee is required.
Employers may add employment on behalf of an agent at LicensE.
First, log in to the LicensE business account and select Amendments, then select Request for Amendment at the top of the page.
Next, select the Notice of Termination (766) amendment.
No form or fee is required.
Department of Financial Institutions (DFI) Registration
Business entity applicants may be required to register with the Wisconsin Department of Financial Institutions (DFI).
Conducting brokerage activities through a legal entity requires a real estate business entity license. Upload proof of filing to the Supporting Documents page in the application at LicensE.
Making a Business Change
A firm shall delegate the duty to supervise licensees associated with the firm to a supervising broker who is a licensed individual broker. A firm may delegate the duty to more than one supervising broker. This delegate can be different than the business representative.
Changing the Managing Person: Submit an amendment through LicensE.
First, log in to the business LicensE account.
Next, select Amendments and Request for Amendment at the top of the page.
Next, select the Change in Managing Person amendment.
No form or fee is required.
Adding a Managing Person: Submit a support ticket through the business LicensE account. Include the following information:
Business name and license number
New managing person's name and license number
Effective date of the change
A Business Representative is a director, manager, member, officer, owner, or partner of a business entity.
The Department requires a list of all licensed brokers who are business representatives. There can be more than one business representative for each business.
At least one business representative must hold an active Wisconsin Real Estate Broker’s license. To change or add a business representative, complete Form 8159.
A change in business structure requires a new license. To apply for a new license, create an account at LicensE and register an organization account.
For a change in ownership, please contact the department through a support ticket.
Independent Practice
A broker who works for a firm can also engage in independent practice. Form 3193 must be completed before engaging in independent practice.
Trust Accounts
“Real estate trust account” means an account for real estate trust funds maintained at a depository institution from which withdrawals or transfers can be made without delay.
A firm must notify the department within 10 days of opening a trust account by completing Form 814 - Consent to Examine and Audit Trust Account.
To close a trust account, please provide formal notice of closure to DSPSCREDRealEstateBd@wisconsin.gov within 10 days.
Frequently Asked Questions (FAQ)
A firm can register a trade name with the department at LicensE. To add a "doing business as" (DBA) name, follow the steps below:
First, log in to the LicensE business account and select Amendments, then select Request for Amendment at the top of the page.
Next, select the DBA amendment.
No fee is required.
If applicable, upload proof of registering the trade name with the Wisconsin Department of Financial Institutions (DFI).
A firm can view the business roster by logging into the business LicensE account and requesting an amendment, or by utilizing the public look-up at LicensE.
Renewal and Continuing Education Information
Renewal Information
For a list of renewal dates please see: Renewal Date Page
To Renew:
You will be able to renew your credential approximately 4 weeks prior to your license expiring. You will receive an email to the email address on file with instructions on how to renew.
Online Log In: Go to LicensE
Select "Renew My License"
Complete the application
Upload any required documents
Submit payment
See fees list here: Credential Fees
There is no continuing education requirement for this credential.
Payment Information
You can pay all fees associated with your credential by going to LicensE.
You will be asked to pay automatically at the end of your application.
You can pay with a credit or debit card, or via an automated clearing house or (ACH) payment.
Please note, using an ACH payment can increase credential processing times by 3-5 business days.
You can view a list of fees for initial credentials and renewing your credential here:
Predetermination & Legal Information
The term credential is used universally to mean license, certification, permit, registration, enrollment and authorization.
Applicants with convictions, who do not already have a credential, may apply for a predetermination. Predetermination is an optional, first step that happens before you would submit an initial credential application while meeting all credentialing requirements (e.g., education, training, examination, etc.)
To apply for a predetermination, log into LicensE.
If you have not created an account, you will first need to register.
After creating your account, log in, and select “Apply for a Pre-Determination.”
Select the type of credential you would like to apply for.
Follow all application instructions and upload all required documents.
If the Department decides your record would not disqualify you, you can then apply for the actual credential and meet all the typical requirements like education, training, and exams.
You may skip the predetermination process and submit your initial application for your credential. You must complete all steps to meet the credentialing requirements such as education, training, exams, and disclose your conviction record on your application. Convictions and pending charges will be reviewed as part of the application process.
Some applications require review by Department Legal staff.
This can be for a number of reasons, including but not limited to disclosure of convictions or pending charges, professional discipline, malpractice, termination, medical condition, supervised experience and application via reciprocity/endorsement.
Applications that require legal review will require additional processing time.
An application in the status “Legal File Preparation” is with DSPS and under review.
Wisconsin State Statute and Administrative Code
Additional Profession Info
Forms
Contact Us
Support Ticket
Submit a support ticket on LicensE and click "request support." Please provide as much detail as possible regarding your concern so we can work to answer your question with a one touch resolution.
Call
608-266-2112
Email
dsps@wisconsin.gov
Office Hours
7:45am-4:30pm
Department of Safety and Professional Services
4822 Madison Yards Way
Madison, WI, 53705
Note: The in-person office does not process same day.
LicensE
LicensE at (license.wi.gov) is a self-guided online system where you can manage your professional credential from start to finish.
You will still need to review the requirements for the credential you are applying to. These can be found on the A-Z profession page.
With LicensE you can:
Apply for a credential for the first time, with steps guiding you to upload your application documents, and pay all required fees.
Renew an existing credential when it is time, to keep your credential active.
View or download your credential for your records or verification.
Update your personal information, including your phone number, email, and mailing address
Submit support tickets and receive responses to your email from our staff experts.
Allow third parties to review and upload required documents on your behalf
Check the status of someone's credential using the public LicensE look up.
If you have never held a credential, you will need to create an account the first time you are on LicensE.
To create an account, visit LicensE. You will then select “register for an individual” if you are applying for a license held by an individual, or “register for an organization” if you are applying for a license held by an organization.
If you are not sure if the license you are applying for is an individual or organization license, please visit our A-Z professions page and review the profession page for more information.
When you create an account, please be sure to use an email you will always have access to.
For more information on LicensE, please see link to LicensE "How To" Page.
How To Guide
This page outlines LicensE portal features, including how to register, log in, complete an application, track application status, and review approved licenses.
Apply
Go to license.wi.gov to apply for a credential or license.
Application Status Look Up
Click here to review the status of your credential.