You may renew or reinstate an inactive new salesperson license for up to one year after the license expiration date by completing the 30-hour post-license education requirement and meeting all other renewal or reinstatement requirements. New Salespersons must complete the 30-hour Post-License Education requirement.
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 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.
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.
Is the Virginia real estate exam hard?
The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. … With proper preparation, the real estate exam is not that hard.
How do I get my real estate license inactive in Virginia?
You cannot practice real estate in Virginia with an inactive license. You may re-activate your license by: Completing the 30-hour post-license education (PLE) requirement; and. Completing and submitting an “Activate/Transfer Application” – Salesperson form with the required fee.
Can you be a part time realtor?
Yes, you can be a part-time real estate agent. The process of becoming a part-time agent is almost exactly the same as for people training to become a full-time agent. The only difference is that some brokerages typically won’t hire people who work part-time.
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.
What is an inactive broker?
When you have an active real estate license, you can work as a real estate agent and perform real estate brokerage activities. If you do not have a sponsoring broker, you will be issued an inactive real estate license. If you hold an inactive license, you cannot engage in any real estate brokerage activities.
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.