What does involuntary inactive mean in real estate?

What is the difference between voluntary inactive and involuntary inactive status?

This is known as a voluntary inactive license. If you fail to renew your active (or voluntary inactive) license prior to the expiration date, (other than the first renewal), the real estate license automatically reverts to a status of involuntary inactive.

How long can a voluntary inactive real estate license remain inactive?

How long may a license remain in voluntary inactive status? An individual who has attained license status but does not wish to actively engage in the real estate business can request an inactive license. He or she may remain in this status indefinitely. 18.

How long can a real estate license stay inactive?

Those with a license deemed involuntarily inactive for more than 12 months, but less than 24 months can reactive it by completing at least 28 continuing education credit hours. Any license deemed involuntarily inactive for more than 24 months is considered expired, and cannot be reactivated.

What does inactive license mean?

Inactive license means a license that has expired because it was not renewed by the end of the grace period. … Inactive license means any license that is not a current, active license. Inactive license may include licenses formerly known as delinquent, lapsed, or retired.

THIS MEANING:  How much does it cost to renew real estate license in AZ?

What does inactive mean in real estate?

Inactive real estate listings are frequently associated with an area’s real estate Multiple-Listing Service, or MLS. … Frequently, if you see a property listed as “inactive” in an MLS, that means it’s not for sale. However, inactive listings in real estate don’t mean those properties might not be up for sale again.

What is an inactive broker?

An active license means you work under a sponsoring broker. When you have an active real estate license, you can work as a real estate agent and perform real estate brokerage activities. … If you hold an inactive license, you cannot engage in any real estate brokerage activities.

How do I reactivate my real estate license?

If your license is currently inactive or expired, you have five years from the date of inactivity or expiration to reactivate your license without taking the licensing examinations. Your completed application for reactivation must be received in our office before your five year deadline.

Which individual must hold an active real estate license?

A person appointed by a court of law to sell real estate must be a licensed real estate broker. Persons who rent lots in a mobile home park must hold a real estate license.

What is a null and void license?

DEFINITION: A license becomes “null and void” after a licensee fails to renew the license for two consecutive licensure cycles. A null and void license cannot be reinstated unless the applicant demonstrates that he or she failed to renew the license due to an illness or economic hardship.

Which of the following is a requirement for retiring a license?

Which of the following is a requirement for retiring a license? The licensee must be at least sixty-five years old. All educational requirements must have been met. The firm must give written permission.

THIS MEANING:  What questions are on the NJ real estate exam?

When a Texas real estate license holder is in inactive status?

With an inactive license, you pay the renewal fee every two years to keep the license current but are not required to complete CE. This means you are unable to provide real estate services as a license holder but would have an inactive and current license with TREC.