{"id":332334,"date":"2024-02-26T12:29:07","date_gmt":"2024-02-26T19:29:07","guid":{"rendered":"https:\/\/parkcityrealtors.com\/?page_id=332334"},"modified":"2024-02-26T12:29:08","modified_gmt":"2024-02-26T19:29:08","slug":"unreported-licensee-faqs","status":"publish","type":"page","link":"https:\/\/parkcityrealtors.com\/unreported-licensee-faqs\/","title":{"rendered":"Unreported Licensee Faqs"},"content":{"rendered":"

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Unreported Licensee FAQs<\/strong><\/p>\n

Unreported Licensee Policy<\/strong><\/p>\n

If you have a licensed agent who has joined your brokerage but has not joined PCBoR, that agent is considered an Unreported Licensee.<\/p>\n

When PCBoR learns of an Unreported Licensee from UDRE, we will automatically send the agent’s broker a courtesy notice and add a\u00a0$400.00 assessment fee<\/strong>\u00a0to their account.<\/p>\n

Upon receiving this notice, a broker has\u00a030 days<\/strong>\u00a0to resolve the Unreported Licensee on their account. This can be resolved by having the agent join PCBoR<\/strong> as a Primary or Secondary REALTOR\u00ae member, terminating the agent’s sponsorship with UDRE, or paying the $400.00 assessment plus their entry fees.<\/p>\n

Failure to resolve an Unreported Licensee within the 30-day period will result in a suspension of PCBoR and MLS services for all agents in that broker’s office. A\u00a0$100 reinstatement fee<\/strong>\u00a0will also be applied to the broker’s account at that time.<\/p>\n

A list of frequently asked questions is below. For more information, contact our\u00a0Member Success Team<\/strong>\u00a0via the chat support box below or\u00a0membership@parkcityrealtors.com<\/a>.<\/p>\n

What is an Unreported Licensee?<\/strong><\/p>\n

Unreported Licensees are real estate agents who have not joined one of the local association boards of which the sponsoring broker is a member.\u00a0<\/strong><\/p>\n

Why Am I Required to Resolve an Unreported Licensee?<\/strong><\/p>\n

The<\/strong>\u00a0PCBoR Bylaws<\/a>\u00a0states that if a broker holds the license of a non-member agent, the broker must pay membership fees to the Association on behalf of that licensee.<\/p>\n

Where Can I Find a List of My Unreported Licensee(s)?<\/strong><\/p>\n

You may view the list of UL agents by logging in to your\u00a0Member Portal<\/a>\u00a0from\u00a0parkcityrealtors.com<\/a>\u00a0Under the Brokerage section, select “Unpaid Agents” in the Roster Tab. There you will find an assessment fee of\u00a0$400.00<\/strong>\u00a0that has been added to all Unreported Licensee accounts.<\/p>\n

Note: You will NOT have to pay this assessment if the Unreported Licensee joins PCBoR or another REALTOR\u00ae association, or if you terminate the agent sponsorship with UDRE. See the next question below for more details.<\/em>\u00a0<\/strong><\/p>\n

How Can I Resolve my Unreported Licensee(s)?<\/strong><\/p>\n

You may choose\u00a0one of four options<\/u>\u00a0to resolve an Unreported Licensee on your account:<\/p>\n

    \n
  1. Join the Park City Board of REALTORS\u00ae:\u00a0<\/strong><\/a>Have the Unreported Licensee establish REALTOR\u00ae<\/sup>membership with the Park City Board of REALTORS\u00ae<\/sup>.<\/li>\n
  2. Join Another REALTOR<\/strong>\u00ae<\/sup><\/strong>Association:<\/strong>\u00a0If the Unreported Licensee holds membership with another REALTOR\u00ae<\/sup>\u00a0association in Utah, please confirm that the agent\u2019s primary association has updated NAR records correctly. Once NAR records are updated correctly, the agent will automatically be removed from your Unreported Licensee roster and considered resolved.<\/li>\n
  3. Pay the Assessment (Non-Member Fee):<\/strong>You may choose to pay the outstanding balance of $400.00 instead of becoming a member of the Park City Board of REALTORS\u00ae<\/sup>. Please note: Paying the assessment will\u00a0NOT<\/strong>\u00a0make the Unreported Licensee a member of PCBoR, nor does this fee apply to future membership dues should the Unreported Licensee decide to join our Association.<\/li>\n
  4. Terminate Agent Sponsorship with UDRE:\u00a0<\/strong><\/a>Should you decide to no longer sponsor your Unreported Licensee, return the sponsored license to UDRE for termination. Once this occurs and is available in the UDRE data export files (24-48 hours), the agent will be removed from your Unreported Licensee roster and considered resolved.\u00a0<\/strong><\/li>\n<\/ol>\n

    What happens if I don’t resolve any Unreported Licensees on my account?<\/strong><\/p>\n

    Brokers have 30 days to resolve any Unreported Licensees on their account. Failure to resolve Unreported Licensees within this time period will result in a suspension of PCBoR and MLS services for all agents in that broker’s office. A\u00a0$100<\/strong>\u00a0reinstatement fee will also be applied to the broker’s account at that time.<\/p>\n

    Last Updated:\u00a0January 2024<\/em><\/p>\n

     <\/p>\n

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    Unreported Licensee FAQs Unreported Licensee Policy If you have a licensed agent who has joined your brokerage but has not joined PCBoR, that agent is considered an Unreported Licensee. When PCBoR learns of an Unreported Licensee from UDRE, we will automatically send the agent’s broker a courtesy notice and add a\u00a0$400.00 assessment fee\u00a0to their account. […]<\/p>\n","protected":false},"author":44,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/parkcityrealtors.com\/wp-json\/wp\/v2\/pages\/332334"}],"collection":[{"href":"https:\/\/parkcityrealtors.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/parkcityrealtors.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/parkcityrealtors.com\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/parkcityrealtors.com\/wp-json\/wp\/v2\/comments?post=332334"}],"version-history":[{"count":3,"href":"https:\/\/parkcityrealtors.com\/wp-json\/wp\/v2\/pages\/332334\/revisions"}],"predecessor-version":[{"id":332337,"href":"https:\/\/parkcityrealtors.com\/wp-json\/wp\/v2\/pages\/332334\/revisions\/332337"}],"wp:attachment":[{"href":"https:\/\/parkcityrealtors.com\/wp-json\/wp\/v2\/media?parent=332334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}