What happens if I voluntarily inactive My Florida real estate license?
If your license has been involuntarily inactive for more than two years, it automatically expires. When a Florida real estate license expires, it becomes null and void. The Department of Business and Professional Regulation will notify you 90 days before the license expires.
How do I become an inactive Realtor in Florida?
Florida. Similar to Texas, in Florida, you can deactivate your license with the Florida Real Estate Commission by submitting a paper application. If you’re looking to deactivate it online, you can have your broker go through their online account and remove you from their license.
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 does an 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.
Can you pay a referral fee to an unlicensed person in Florida?
The short answer to this question is yes, real estate agents can pay referral fees to licensed persons. But there is one catch. However, most state laws prohibit the paying of referral fees to unlicensed persons. Federal law also prohibits this in most cases.
How long can a real estate license be suspended in Florida?
According to Rule 61J2-24.001(3)(h), Florida Administrative Code, even if this is your first license-related disciplinary action, the minimum penalty for violating this statute is a suspension of your license for anywhere between 30 days and permanent revocation, in addition to a fine in the amount of $250 to $1,000 …
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.
Do Real Estate courses expire in Texas?
Once you have earned your Real Estate license, you will need to renew every two years by completing additional Continuing Education classes and paying a renewal fee to the Texas Real Estate Commission (TREC).
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.
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.
Which of the following is an act an unlicensed associate Cannot legally perform?
The unlicensed associate cannot represent him/herself as being a licensed broker or as someone who can legally engage in buying, selling, exchanging, renting, leasing, managing, auctioning, or dealing with options on any real estate for others.