My salespersons license renewal is due jst after I take my brokers exam. Do I have to pay the renewal fee plus the brokers license fee?
No. Your broker’s license is going to replace your salesperson’s license, so the salesperson’s license doesn’t have to be renewed. You won’t have to take another renewal course until your first broker’s license renewal, which will occur on your second birthday following the activation of your broker’s license. If you’re thinking about taking the broker’s exam, it might be worth it to time the entire process to coincide with your salesperson’s license renewal. If you can activate your broker’s license before the renewal deadline you avoid having to take a renewal course. You save the cost of the course and the thirty hours you would otherwise spend in a classroom. On the other hand, if your salesperson’s license renewal date will occur before you take the broker’s exam, failure to renew means you’re unlicensed until you pass the exam and activate your broker’s license. If it means being unlicensed for any length of time, you should probably plan on renewing.
Related Questions
- When would I be required to pay the additional $500 fee if I renewed my surplus line broker license with a $500 fee and later I submit a bond to be a broker who can transact on my own behalf?
- My salespersons license renewal is due jst after I take my brokers exam. Do I have to pay the renewal fee plus the brokers license fee?
- Do Business Associates need to pay a monthly or annual renewal fee for their business license?
