License renewal Flashcards

(6 cards)

1
Q

What are the two possible expiration dates for a real estate license?

A

March 31 or September 30

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2
Q

How is the expiration date assigned for a real estate license?

A

As close as possible to 24 months, without exceeding 24 months

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3
Q

What do licensees need to submit to renew their license?

A
  • renewal notice and biennial license fee
  • applicable post-licensing or continuing education requirements
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4
Q

What is the renewal exemption for military personnel?

A

Military personnel are exempt from license renewal while on active duty and for two years after discharge

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5
Q

What is the renewal exemption for the spouse of a military personnel?

A

If the military duty is out of state, the exemption also applies to a licensed spouse

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6
Q

The military personnel renewal exemption does not apply in which case?

A

If the military personnel is engaged in real estate brokerage activity in the private sector for profit while still on active duty

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