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 Florida real estate license be voluntary inactive?
Your Florida real estate license can be inactive for two years, but the length of time you leave it in an inactive status will determine the path you need to take to reactivate it as we will explain below.
What happens if you don’t renew your Florida real estate license?
Yes. If you fail to complete the renewal process before your expiration, your license will become involuntary inactive, at which point you will have 12 months to complete the required continuing education, pay the renewal fee, and a late fee.
How do I activate a voluntary inactive real estate license in Florida?
If your license has been inactive for less than one year, you can get it reactivated by completing 14 hours of continuing education. If it has been inactive for more than 12 months but less than 24 months, you’ll have to take 28 hours of continuing education credits, including the core law requirements.
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 I let my Florida real estate license expire?
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 long does the duty of confidentiality last?
Confidentiality: Your fiduciary duty of confidentiality requires that you do not disclose any information learned about your clients, their business, financial or personal affairs or motivations. This duty survives property closing and lasts forever.
How long is a Florida real estate license good for?
Generally speaking, your Florida real estate license is good for 24 months. However, your first renewal period is treated differently. Your first renewal period can be as little as 18 months and as long as 24 months.
How much does it cost to activate real estate license in Florida?
Tallying up the cost of getting your Florida real estate license
|Apply to take the exam||$83.75|
|Take your Florida real estate license course||$135+|
|Take your exam||$36.75|
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/ …
What to do after you get your Florida real estate license?
6 steps to take after you pass your real estate exam
- Step 1: Find a sponsoring broker who is a good fit. …
- Step 2: Engage in professional organizations. …
- Step 3: Build your professional profile. …
- Step 4: Set a timeline for yourself. …
- Step 5: Budget for future plans. …
- Step 6: Seek advice from other real estate professionals.
Is my Florida real estate license active?
Visit the DBPR Website. Click on the “Verify a License” link at the top of the page. Select a search criteria of either “By Name” or “By License Number” and click search. Fill out the applicable search fields and click search 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.
What is a group license in Florida real estate?
In Florida, a real estate broker who wishes to work for more than one entity can apply for multiple licenses. … A group license applies to an owner/developer who builds homes or other housing and utilizes sales associates to sell the properties. No real estate sales license is needed for the owner/developer.