It’s that season…time to renew your real estate license. Renewal forms will be mailed on May 16 to the delivery address we have on record for you.
If you are active, that address will be the address of your broker-in-charge. If you are inactive, the address will be that of your residence. You can verify your address online and make changes to your residence and email addresses and fax number, if needed.
Renewal Fee Now $40
Due to a recent change in the Real Estate License Law, the fee to renew a real estate license will be $40 effective with the 2003-04 license renewal. The Commission also eliminated the additional $2 cost associated with online renewal. Whether online or by check, the fee is the same: $40.
In addition, online renewal can be verified by a printed confirmation notice upon completing the payment process. You should keep this for your records in the event proof is needed prior to receiving your pocket renewal card. Plus, there is no more guessing if your renewal has been received by the Commission and whether it was received on time.
Renewing online will save you the cost of a stamp, envelope and any bank fees.
Reinstatement Law Changes
A change in the Real Estate License Law shortens the period within which you can reinstate the expired license by simply paying the $55 reinstatement fee. If your license is expired for more than six months (i.e., after December 31), you must complete a new application form, submit a criminal record report and may be required to take all prelicense education and/or pass the real estate examination.
Commission Eliminates Fee
The transaction fee to renew your license online has been eliminated. You can now renew your license completely free of any additional charge.
Renewing online only takes about two minutes. Compare that with the time it takes to renew by mail.
This article came from the May 2003-Vol34-1 edition of the bulletin.