In an effort to streamline the renewal process for Principal Brokers, firms were automatically enrolled in the bulk payment program when it began. If you opted out in the past, you remain out of this program.
If you are currently on the bulk payment and no longer require the Bulk Payment option this year for your brokerage, please email support@ribo.com with the Subject Line “Bulk Opt Out” with the name & license number of your firm(s) prior to August 1, 2023, and we will remove the option for your brokerage.
Individuals and firms should print a copy of their renewal filing for their own records.
Individual employees included in the bulk payment are listed in the Employee Membership tab (see How to Renew Firms – (Step 4).
To add employees to the firm who have held a RIBO license for more than one year:
Renewals for new hires during the months of July through September will be addressed on an individual basis and will require separate payment and renewal. These individuals should complete their license renewal filing application online and process payment for their license renewal via credit card. We regret to advise that these cannot be included in the bulk renewal payment process.
To add employees to the firm who have received a New RIBO licensees issued between July 1st and September 30th 2023:
Individuals registering during the period of July 1st and September 30th will not receive a renewal application as the renewal fees are automatically included in the initial new license registration fee. Such individuals will not be included in the bulk renewal payment process. (See New Licensees)
Deletions to the firm:
If individual brokers have left the firm prior to the completion of your firm renewal payment, you may deselect them from the payment list in the Employee Membership tab (see How to Renew Firms – Step 4) (Please also ensure you e-mail RIBO to remove the individual from the brokerage). Bulk license fees that were paid for individuals cannot be “transferred” or deducted from the bulk payment amount once the payment is complete. Refund requests that are received prior to August 31st will be will be processed, any refunds request after this date will not be processed.
Additions to the firm (individual is an existing RIBO registered member): Renewals for new hires during the months of June through September will be addressed on an individual basis and will require separate payment and renewal. These individuals should complete their license renewal filing application online and process payment for their license renewal via credit card. We regret to advise that these cannot be included in the bulk renewal payment process.
• New licensees issued between July 1st and September 30th: Individuals registering during the period of July 1st and September 30th will not receive a renewal application as the renewal fees are automatically included in the initial new license registration fee. Such individuals will not be included in the bulk renewal payment process. (See New Licensees)
• Deletions to the firm: If individual brokers have left the firm prior to the completion of your firm renewal payment, you may deselect them from the payment list in the Employee Membership tab (see How to Renew (Firms) – Step 4) (Please also ensure you complete the Employment Change Form to remove the individual from the brokerage). Bulk license fees that were paid for individuals cannot be “transferred” or deducted from the bulk payment amount once the payment is complete. Refund requests that are received prior to August 31st will be will be processed, any refunds request after this date will not be processed.
NOTE: Principal brokers are reminded that, in accordance with By-law 20, they are required to complete the Employment Change Form whenever a licensed broker enters or leaves employment with their firm throughout the year, within 30 days of the change.
For more information about the renewal process please visit the RIBO Renewal Centre