Chapter 2: Licensee lapse and inactive

3 hours (passing a test is not necessary)

A licensee shall satisfactorily complete at least __________ hours of continuing education on the topic of license law during each renewal period.

pay required fees and who desires to re-qualify for a license must do so as an original applicant

Any licensee whose license has lapsed a period of time longer than FIVE years due to a failure must

within six months of the lapsing of the license

Any salesperson whose license lapses for failure to complete the post-license course may reinstate the license by completing the course

2 years

How long does the licensee allow to have there license overlap?

paying the fees AND taking the Salespersons Prelicense Course.

If a license has been lapsed MORE THAN TWO YEARS, but LESS THAN FIVE YEARS the individual may reinstate it by

show proof of completion of all continuing education requirements and paying the renewal fee.

In order to renew license applicant must

wish to temporarily discontinue active involvement in real estate. The licensee must make this request within 30 days of ceasing work.

Inactive status is offered for those licensees who

indefinite amount of time

Inactive status is valid for an

4th year on the last day of the birth month

License expires on

4 years

The license period in Georgia is

an individual may not continue any brokerage duties except for his or her own personal transactions. However, an inactive licensee must take the 25-hour post-license course for new licensees AND pay the same renewal fees as active licensees.

When a license is on inactive status

36 hours

a licensee shall furnish to the Commission evidence of satisfactorily completing __________ instructional hours of continuing education courses during the renewal period

passing a new examination AND completing 25 in-class hours

any salesperson who fails to reinstate a lapsed license as noted above must qualify as an original applicant by

applying to the Commission if up to date

he license can be reactivated by

-The licensee enrolled in the post-license course within one year of the issuance of an original license. -He or she paid all required fees for the course.

in order to reapply within six months of the lapsing of the license

licensee must be up-to-date on his continuing education requirements of nine hours per year

inactive status for two years or more

-Paying a reinstatement fee -Paying all renewal fees and other charges -submitting evidence that all continuing education requirements have been met

other requirements to fix a lapsed license

his or her license will LAPSE

salesperson does NOT complete the post-license course in a satisfactory and timely manner