When is a real estate application sent to the Application Review Committee?

The Application Review Committee is tasked with scrutinizing applications to ensure compliance with industry standards and regulations. An application is sent to this committee only if there is a specific issue or concern that arises during the initial review process. This typically involves situations where the applicant may not fully meet the required qualifications or if there are discrepancies in their background or application materials that need further assessment.

This targeted approach allows the committee to focus their resources effectively and ensures that any outstanding issues are addressed before the application can proceed. Sending all applications directly to the committee would overwhelm the process and slow down approvals for qualified applicants. Similarly, conditions like the applicant's request or the newness of a broker do not automatically trigger a review unless problems are detected in the application itself. This process ensures that only those applications warranting additional scrutiny are escalated to the committee.