What fee is charged for a change of ownership of a branch office?

Study for the Extinguisher Statutes and Rules (TFM01) Test. Prepare with flashcards and multiple choice questions, each with hints and explanations to boost your confidence. Build a strong foundation for your evaluation!

The fee charged for a change of ownership of a branch office is set at $100. This amount is typically established by regulatory bodies to ensure that administrative costs associated with processing ownership changes are covered. The fee is reasonable and contributes to maintaining up-to-date records for all branch offices, which is vital for regulation and accountability in the industry. This structured fee helps to streamline the administrative process, thereby allowing for efficient management of compliance and oversight.

In contrast, other amounts like $250 and $150 are not standard for this particular transaction, as they might relate to different types of services or changes. The absence of a fee option for such changes is also not applicable, as it is crucial for these transactions to be tracked in the system. Therefore, the correct and established fee for changing ownership of a branch office is indeed $100.

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