General Licensing Information

The following is provided as general information only. Please refer to specific sections of the Guam Real Estate Commission website or Title 21 GCA Real Property Chapters 102 and 104 for more detailed information.

 

Per § 104101 of Title 21 GCA Real Property, Chapter 104 Real Estate Regulations, it is unlawful for any person to engage in the business, act in the capacity of, advertise or assume to act as a real estate broker or a real estate salesman within Guam without first obtaining a real estate license from the Real Estate Licensing Division of the Department of Revenue and Taxation.

 

GENERAL LICENSE REQUIREMENTS: INDIVIDUALS

All those interested in obtaining a real estate license on Guam must 1) be of legal age (18) by the date of the licensing examination, 2) be a US citizen or resident alien, and 3) possess a reputation for honesty, truthfulness, and of good reputation.

 

REAL ESTATE SALESPERSON’S LICENSE REQUIREMENTS

In addition to the general requirements above, all applicants for a salesperson’s license must meet and satisfy the following requirements.

Education:  All applicants shall satisfy pre-licensing education requirements.

Examination: All applicants shall take and pass the salesperson’s license examination.

Application: All applicants shall complete an application form.

Clearances: All applicants shall obtain required tax clearances from Revenue & Taxation.

Fees: All applicants shall pay the appropriate licensing fees.

REAL ESTATE BROKER’S LICENSE REQUIREMENTS

In addition to the general requirements above, all applicants for a broker’s license must meet and satisfy the following requirements.

Experience: All applicants shall show evidence of an active Guam real estate salesperson’s license for at least two (2) years prior to application date. All applicants shall obtain a Certificate of Experience from their Principal Broker indicating that they have been actively practicing real estate on a full-time basis during this period, and that they successfully completed a minimum of five (5) sales and five (5) lease/rental transactions during the same period.

Certificate of Experience

Education: All applicants shall satisfy pre-licensing education requirements.

Examination: All applicants shall take and pass the broker’s license examination.

Application: All applicants shall complete an application form.

Trust Account: All applicants should provide evidence of a client/customer trust account.

Clearances: All applicants shall obtain required tax clearances from Revenue & Taxation.

Fees: All applicants shall pay the appropriate licensing fees.

PRE-LICENSING EDUCATION

All applicants applying for an original salesperson’s or original broker’s real estate license shall provide evidence of the successful completion of an approved 30-hour pre-licensing course certified by the Real Estate Commissioner.

 

PRE-LICENSING EDUCATION PROVIDERS

The following providers are currently approved by the Real Estate Commissioner to conduct the required 30-Hour Pre-Licensing Course. No online courses will be accepted for the pre-licensing requirement. The pre-licensing education requirement must be satisfied prior to taking the real estate licensing examination.

National Institute of Continuing Education (NICE)
Guam Real Estate Academy and Training (GREAT)

 

PRE-LICENSING EXAMINATION

All original salesperson’s and original broker’s license applicants shall take and pass their respective license examinations. All applicants shall be required to show their Certificate of Completion at the UOG testing center at the time of examination. Salesperson applicants shall not be allowed to take the test without showing the Certificate. With respect to broker applicants, they shall be required to show a Certificate of Experience in addition to their Certificate of Completion. No broker applicant shall be allowed to take the examination without providing a copy of both certificates. See Memo Dated 10-06-2020 From Real Estate Commissioner.

Guam Real Estate Licensing Examination Memo Dated 10-06-2020

30-Hour Pre-Licensing Course Requirement and Description

Per § 104214 of Title 21 GCA, Chapter 104, the Real Estate Commissioner may, in his or her discretion, waive the licensing examination. See section for details.

 

REAL ESTATE APPLICATIONS

All applications for a real estate license shall be made in writing to the Guam Real Estate Commissioner. Completed, signed, and notarized application forms shall be submitted along with all required supporting documentation as required by Guam law.

If an applicant fails to qualify for an original salesperson’s license or an original broker’s license within three (3) years from the date of filing, the application shall lapse with no further action taken.

 

APPLICATION FORMS

 

NOTE:  The current application information sheet indicates a 70% passing score for the salesperson licensing examination. This has be subsequently changed to 75% and new forms are being revised to reflect this change.

 

REAL ESTATE LICENSE TERM

INITIAL TERM

All original salesperson’s and original broker’s real estate licenses are valid for two (2) years from the date of initial approval.

RENEWAL TERM

All salesperson’s and broker’s real estate licenses are valid for four (4) years from the date of renewal.

 

CONTINUING EDUCATION REQUIREMENTS

SALESPERSON

Prior to renewal of an original salesperson’s license, the licensee must complete 45 classroom hours of approved study courses. Thereafter, continuing education requirements are 24 hours every four (4) years.

BROKER

Prior to renewal of an original broker’s license, the licensee must complete 90 classroom hours of approved study courses. Thereafter, continuing education requirements are 32 hours every four (4) years.

Per § 104211 of Title 21 GCA, Chapter 104, the Real Estate Commissioner may allow for substitution of clock hour continuing education requirements, if the Commissioner makes a determination that the individual is otherwise and similarly qualified by reason of completion of equivalent educational coursework in any accredited institution of higher learning or any degree granting accredited institution.

INACTIVE LICENSE

A licensed real estate broker or salesperson may request to have his or her license placed on inactive status. Any inactive real estate license that has not been revoked or suspended may be re-instated any time during the period for which the license was issued and may be renewed subject to submitting the required application, supporting documents, and payment of appropriate fees.

A real estate licensee may not act in any capacity for which the licensed is required until the license has been re-instated or renewed. In addition, any broker with an inactive license does not need to maintain a place of business or maintain required signage.

REQUIREMENTS FOR INACTIVATION OF SALESPERSON OR BROKER’S LICENSE MEMO DATED 10-08-2020

 

LICENSE REVOCATION

Per § 104301 of Title 21 GCA, Chapter 104, The Real Estate Commissioner may temporarily or permanently revoke or suspend the license of any licensee in accordance with the provisions of this Chapter related to hearings.

 

GENERAL LICENSE REQUIREMENTS: CORPORATIONS, PARTNERSHIPS, LLC’S, LLP’S & SOLE PROPRIETORS

Any corporation, partnership, LLC, or LLP that engages in real estate activity is required to obtain a real estate broker’s license or hire a licensed real estate broker. Each individual licensed to act as a real estate broker shall only act as such for and on behalf of the corporation or partnership they are employed with.

Every licensed real estate broker shall have and maintain a definite place of business in the Territory of Guam, which shall serve as his or her office for the transaction of business. This office shall be the place where his or her license, plus the license of any additional licensees, shall be prominently displayed.

Each broker shall erect and maintain a sign in a conspicuous place in conformance with local sign regulations.

If a broker maintains more than one place of business, he or she shall obtain an additional license for each branch office.