What does it mean to have an inactive real estate license?

How do Realtors become inactive?

How do you inactivate your license?

  1. Sales Agents – Log on to “My License Services” to terminate sponsorship and inactivate your license under “manage my sponsorships.”
  2. Brokers – Log on to “My License Services” to request inactive status.
  3. Inspectors – Log on to “My License Services” to request inactive status.

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.

What does inoperative real estate license mean?

More than 450 real estate businesses have lapses in their corporate licenses, according to IDFPR. These licenses are currently in “non-renewed” status, and if they are not restored by July 31, they will become listed as “inoperative.” Inoperative status means a firm could no longer legally do business in the state.

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What happens if I voluntarily inactive My Florida real estate 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.

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

Voluntary Inactive – A licensee who has qualified for a real estate license but who voluntarily chooses not to engage in the real estate business during a given period and requests such a change is placed on voluntary inactive status. … A license is placed in involuntary inactive status for no more than two years.

What appears on a real estate license?

The real estate license indicates the name of the licensee, the type of license, the licensee’s address, effective date, expiration date, Seal of the State of Florida, the name of the Governor and the name of the secretary of the DBPR.

What happens if you let your nursing license expire?

Once a license expires, you cannot request inactive status. Volunteering or working with an expired RN license is prohibited by law. The same goes for inactive licenses. You can check the status of your license online or by calling the state board of nursing.

Can an unlicensed person own a real estate company?

While all states require anyone acting as a real estate agent or broker to first obtain a proper license, those laws do not prevent property owners from acting on their own behalf. This means, for example, that you can sell your own property, or buy real estate, without having a real estate license.

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What is blind advertising in real estate?

An ad in which a broker attempts to. advertise a property for sale without disclosing. the fact she is a licensed real estate broker, or. when a broker attempts to mislead the public. into believing a property is for sale by owner.

Who of the following is exempt from Illinois real estate licensing requirements?

Who of the following is exempt from Illinois real estate licensing requirements? Any unlicensed person who engages in real estate activities for which a license is required is subject to a civil penalty, in addition to other statutory penalties. What is the civil penalty in Illinois? When does a broker license expire?