Prepaid Rental Listing Service
Description of Business
A Prepaid Rental Listing Service (PRLS) license is required for the business of supplying prospective tenants with listings of residential real property for tenancy while collecting a fee at the same time or in advance of when the listings are supplied. Negotiation of the rental of property is not a part of this activity.
How to Apply for a PRLS License
An individual real estate broker or a corporation may obtain, without examination, a two-year license to conduct PRLS activities. Applicants must complete and submit:
- Either an Individual License Application (RE 271) or a Corporation License Application (RE 272) ;
- Proof of fingerprinting taken by a live scan service provider (see Fingerprint Requirements);
- A completed and signed State Public Benefits Statement (RE 205) and acceptable proof of legal presence documentation (see Proof of Legal Presence);
- A fully completed Surety Bond (RE 270), please call (916) 227-0886 to obtain this form, or a Cash Deposit Security (RE 275) ($10,000 for each location);
- And the applicable license fees
Persons completing an Unlicensed Officer Questionnaire (RE 273) in conjunction with a Corporation License Application (RE 272) are required to submit proof of fingerprinting, but are not required to submit the State Public Benefits Statement (RE 205) . Application requirements pertain to each location to be operated by the PRLS licensee.
An additional location license is required for each location (other than the main office) from which PRLS activities will be conducted. To license an additional location, applicants must complete and submit an Additional Location Application (RE 274) ; either a fully completed Surety Bond (RE 270), please call (916) 227-0886 to obtain this form, or Cash Deposit Security (RE 275) ; and a license fee of $25 for each location being requested.
Additionally, PRLS activities at each location must be under the direct supervision of either a PRLS licensee (individual or licensed officer) or designated agent; however, a licensed individual, licensed officer or designated agent may not simultaneously supervise more than one location at a time.
A Designated Agent Application (RE 256) must be completed, signed, and returned by each designated agent applicant in conjunction with each Additional Location Application (RE 274) . Proof of fingerprinting taken by a live scan service provider for each designated agent applicant must be submitted (see Fingerprint Requirements). A completed and signed State Public Benefits Statement (RE 205) and acceptable proof of legal presence documentation are also required (see Proof of Legal Presence).
See also Child Support Obligors.
Prior to issuance of the PRLS license, applicants must submit and have approved by the DRE a contract to be entered into between the licensee and client/prospective tenant.
Real Estate Brokers / PRLS Activities
A real estate broker is not required to hold a PRLS license in order to conduct a PRLS business at his/her licensed location(s). Such a broker is, however, required to use a contract approved in advance by DRE. Either the broker or a salesperson in the employ of the broker must be designated to supervise the PRLS activities.
For further information, contact:
Department of Real Estate
P.O. Box 187000
Sacramento, CA 95818-7000