License renewal Flashcards
(6 cards)
What are the two possible expiration dates for a real estate license?
March 31 or September 30
How is the expiration date assigned for a real estate license?
As close as possible to 24 months, without exceeding 24 months
What do licensees need to submit to renew their license?
- renewal notice and biennial license fee
- applicable post-licensing or continuing education requirements
What is the renewal exemption for military personnel?
Military personnel are exempt from license renewal while on active duty and for two years after discharge
What is the renewal exemption for the spouse of a military personnel?
If the military duty is out of state, the exemption also applies to a licensed spouse
The military personnel renewal exemption does not apply in which case?
If the military personnel is engaged in real estate brokerage activity in the private sector for profit while still on active duty