452.09(4)(a)2.b.b. Each completed or closed commercial transaction is worth 10 points. 452.09(4)(a)2.c.c. Each property management contract is worth 0.5 points per month. 452.09(4)(b)(b) An applicant who is licensed to practice law in this state may satisfy the requirement under par. (a) by submitting to the board evidence satisfactory to the board that the applicant has experience related to real estate. 452.09(4)(c)(c) An applicant who holds a current certificate of financial responsibility under s. 101.654 may satisfy the requirement under par. (a) by submitting to the board evidence satisfactory to the board that the applicant has experience related to real estate sales. 452.09(4)(d)(d) Except as provided in a reciprocal agreement under s. 452.05 (3), an applicant for a broker’s license who is a nonresident may satisfy the requirement under par. (a) by submitting to the board evidence satisfactory to the board that the applicant has been a licensed broker under the laws of another state for at least 2 years within the last 4 years preceding the date of the applicant’s application for a broker’s license. 452.09(4)(e)(e) The board may waive any requirement under par. (a), (b), (c), or (d) for any applicant based on standards established by the board by rule. 452.09 Cross-referenceCross-reference: See also chs. REEB 12, 23, and 25, Wis. adm. code. 452.10452.10 Applications, verification, fees, exceptions. 452.10(1)(1) An application shall be verified by the applicant. If made by a business entity it shall be verified by a business representative that is a licensed individual broker or a licensed broker business entity and that is acting as a business representative for the business entity. 452.10(2)(a)(a) Each new application for a license under this chapter shall be for the remainder of the biennial license period. 452.10(2)(b)(b) Unless an application is withdrawn in writing before the board has made any investigation, no part of the fee shall be returned. 452.10(3)(3) The fees for examinations and licenses granted under this chapter are specified under s. 440.05, and the renewal fee for such licenses is determined by the department under s. 440.03 (9) (a). 452.10(6)(6) In the case of applications for renewals of licenses the board may dispense with such matters contained in s. 452.09 (1) as it deems unnecessary in view of prior applications. 452.10 Cross-referenceCross-reference: See also ch. REEB 12 and 23, Wis. adm. code. 452.10 AnnotationThe real estate examining board cannot prescribe the name to be used on an application for a real estate broker’s license. 66 Atty. Gen. 21.
452.11452.11 Nonresident applicants and licensees. 452.11(1)(1) A nonresident may become a broker or salesperson by conforming to all the provisions of this chapter. 452.11(3)(3) Every nonresident applicant, and every resident licensee who becomes a nonresident, shall file with the board an irrevocable consent that actions may be commenced against the applicant or licensee in the proper court of any county of the state in which a cause of action arises or in which the plaintiff resides, by the service of any process or pleading authorized by the laws of this state on the board or any duly authorized employee. The consent shall stipulate and agree that such service is valid and binding as due service upon the applicant or licensee in all courts in this state. The consent shall be duly acknowledged and, if made by a corporation, shall be authenticated by the corporate seal. 452.11(4)(4) Any process or pleading under this section shall be served in duplicate upon the board or its duly authorized employee. One copy shall be filed with the board and the other immediately forwarded by certified mail to the nonresident licensee against whom the process or pleading is directed at the last address provided to the board by the nonresident licensee. No default in any such proceeding or action may be taken unless it appears by affidavit of the chairperson of the board or any duly authorized employee that a copy of the process or pleading was mailed to the nonresident licensee as required in this subsection. No judgment by default may be taken in any action or proceeding within 20 days after the date of mailing the process or pleading to the nonresident licensee. 452.11 Cross-referenceCross-reference: See also ch. REEB 12, Wis. adm. code. 452.12(1)(1) Expiration. A license granted by the board entitles the holder to act as a broker or salesperson, as the case may be, until the applicable renewal date specified under s. 440.08 (2) (a). 452.12(2)(a)(a) A broker’s license may be issued to a business entity if the business entity has at least one business representative licensed as a broker. The license issued to the business entity entitles each business representative of the business entity licensed as a broker to act as a broker on behalf of the business entity. A broker may act as a business representative for more than one business entity if the broker obtains the express, written consent of each business entity for which the broker desires to act as a business representative. A broker may act as a broker on behalf each business entity for which it is serving as a business representative.