Licenses & Permits to Open a Real Estate in Memphis, TN
Opening a real estate in Memphis requires between 5–10 licenses. Here's the complete list, with costs, timelines, and links to every agency. If you are missing licenses, we can handle registration and then manage renewals for you.
Complete License Checklist for Real Estate in Memphis
| License | Required? | Cost | Issuing Agency | Renewal |
|---|---|---|---|---|
| Business License | Yes | $50–$500 | Division of Revenue | Annual |
| Real Estate Broker License | Yes | $150–$500 | Division of Revenue | Every 2–4 years |
| Real Estate Agent / Salesperson License | Yes | $50–$300 | Division of Revenue | Every 2–4 years |
| Continuing Education (CE) Credits | Yes | $50–$500 | Division of Revenue | Every 1–4 years (with license renewal) |
| Errors & Omissions (E&O) Insurance | Yes | $300–$3000 | Division of Revenue | Annual |
| Property Management License | If applicable | $50–$400 | Division of Revenue | Every 1–2 years |
| DBA / Fictitious Business Name | If applicable | $10–$100 | Division of Revenue | Every 5 years |
| Signage / Sign Permit | If applicable | $25–$500 | Division of Revenue | One-time or annual |
| Certificate of Occupancy | If applicable | $25–$500 | Division of Revenue | Upon change of use or tenancy |
| Sales Tax Permit | If applicable | $0–$100 | Division of Revenue | Varies by state |
Total Estimated Cost
The total licensing cost for a real estate in Memphis varies based on your specific business activities, size, and location. Budget for the sum of all applicable license fees listed above, plus potential inspection and professional certification costs.
We'll track all licenses for your real estate in Memphis.
We can register missing licenses first, then manage every renewal deadline.
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