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.
How long can a real estate license be inactive in Texas?
Texas. A license for a realtor in Texas lasts for two years, giving you plenty of time to decide if you want to let your license expire. If you leave your license inactive for a maximum of two years and don’t renew it, it will expire.
What is meant by inactive license?
Inactive license means a license that has expired because it was not renewed by the end of the grace period. The category of “inactive license” may include licenses formerly known as lapsed, inactive, delinquent, closed, or retired.
Can an inactive licensee receive a commission?
An inactive licensee may collect a commission on activity that was conducted while they were licensed in the active status. For more information on the requirements to transfer from inactive to active, select the Transfer to Active Status page from the sidebar.
How do I reactivate my real estate license in Texas?
If you renew your license from 6 months to 2 years after your renewal date, you must apply to reinstate your license. You can do this by submitting a Reinstatement of Real Estate Sales Agent License or Broker License by Individual form and paying the required $190 renewal fee.
What does involuntary inactive mean in real estate?
Those who fail to meet this real estate continuing education requirement are ineligible to renew their licenses, and any license not renewed at the end of a license period is deemed involuntarily inactive.
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 happens if my Texas real estate license expires?
You may renew your license up to six months after the expiration date (Additional late fees may apply). After six months and up to two years past the expiration date, you may apply for reinstatement of your license. After two years past the expiration date, you will have to reapply and pass the state exam again.
Which of the following is true of a licensee in inactive status?
Which of the following is TRUE of a licensee in inactive status? The licensee may perform acts requiring a license but may not be compensated.
How do Realtors become inactive?
“Inactive” status indicates that the licensee is in good standing with the Board of Registration of Real Estate Brokers and Salespersons, has not completed the required number of continuing education credits during the prior renewal period, but has paid the licensing fee for the current two-year period ending on his/ …
Can my Realtor fire me?
An agent can fire their client?” Absolutely. The listing or buyer representation agreements go both ways, and in rare cases, it absolutely makes sense for an agent to move on from a client.
An incompetent act. Which is true related to a licensee marketing his/her own property? The broker is responsible for all licensee’s transactions.
What can you do with an inactive real estate license in Texas?
You can apply for a reinstatement of a license if that license has been expired for more than six months, but less than two years. Once your license has been expired for more than two years, you must reapply for the license and would be subject to current requirements, including the required education and examination.