Real estate licensees are given a two-year "grace period" during which they cannot do any real estate-related activities and their license is "suspended". If they decide to renew their license during this time, they will need to finish the required continuing education and pay a higher "late renewal fee".
These are questions that the above text answers:
1. What is the duration of the "grace period" given to real estate licensees?
2. What happens to the license of real estate licensees during the "grace period"?
3. Can real estate licensees engage in real estate-related activities during the "grace period"?
4. What is the requirement for real estate licensees to renew their license during the "grace period"?
5. What additional fees do real estate licensees have to pay if they renew their license during the "grace period"?
6. Are real estate licensees required to complete continuing education to renew their license during the "grace period"?
7. Can real estate licensees renew their license without completing the required continuing education?
8. What is the status of real estate licensees who do not renew their license during the "grace period"?
9. Is there a deadline for real estate licensees to renew their license during the "grace period"?
10. Can real estate licensees renew their license after the "grace period" ends?