Question 1

Do I need a local license to operate a real estate brokerage business in Memphis?

Accepted Answer

Yes. In addition to your Tennessee state license, Memphis may require a local business license and additional permits. Key local requirements include: Shelby County business tax license from the County Clerk, Memphis & Shelby County Office of Construction Code Enforcement approvals, Zoning verification from Memphis Division of Planning & Development.

Question 2

How do I get a real estate brokerage license in Memphis, TN?

Accepted Answer

First, obtain your Tennessee Real Estate Broker License from Tennessee Real Estate Commission. Then register with Memphis for any required local business licenses. The state license costs approximately $600 initial, $360 renewal and takes 30-60 days to process.

Question 3

How much does a real estate brokerage license cost in Memphis?

Accepted Answer

The Tennessee state license costs approximately $600 initial, $360 renewal, and renewal occurs every 2-4 years. Memphis may charge additional local business license or permit fees on top of the state fee.

Question 4

Who regulates real estate brokerage businesses in Memphis?

Accepted Answer

Real Estate Brokerage businesses in Memphis are regulated at the state level by Tennessee Real Estate Commission, and locally by City of Memphis / Shelby County Clerk (Business Tax). You must comply with both state and local requirements.