What is a requirement for obtaining a preneed seller's license?

To obtain a preneed seller's license, paying a fee is indeed a necessary requirement as part of the application process. This fee typically helps to cover the administrative costs associated with processing the application and maintaining the license.

While having a physical location, renewing the license annually, and submitting a financial statement might be important aspects of running a funeral business or managing preneed contracts, they are not all specifically mandated as prerequisites for obtaining the seller's license itself. The fee is a direct requirement that enables regulatory bodies to ensure that the seller is financially contributing to the licensing system and upholding industry standards.