Section 18- Unit 2: License Renewal, Reactivation, Suspension, and Revocation in Pennsylvania

A certain number of continuing education hours are required to renew your license. How many hours are required?

14 hours every two-year period

Tina's license has been inactive for 12 months. She'd like to re-activate the license so she can begin practicing real estate again. What two things does she need to do to do this?

Complete continuing education requirements Pay a renewal fee (its only been 12 months so she doesnt have to start over)

What two things do you need to do to renew your license?

Complete continuing education requirements. Pay a renewal fee.

T or F Licensees who demonstrate high moral character, honesty, trustworthiness, integrity, and competence could be at risk for license suspension or revocation.

False

What if you don't get your license renewed in time?

It will go inactive

when a license is inactive, a licensee may not perform any of the real estate activities for which a license is required. That means:

No performing CMAs No signing listing agreements No referring business to other real estate licensees and accepting a referral fee No working with buyers

The following lucky ducks are exempt from the continuing education requirements (but still need to complete the other renewal process requirements):

Reciprocal license holders Cemetery brokers/salespersons Builder-owner salespersons Timeshare salespersons Campground membership salespersons Rental listing referral agents (as long as they hold standard licenses)

Travis's real estate salesperson license has been inactive for six years. He'd like to re-activate the license so he can begin practicing real estate again. What three things does he need to do to do this?

Retake the licensing exam Re-apply for licensure Re-affiliate with a licensed broker

Identify the start and the end date for license periods in Pennsylvania.

The period runs from June 1 to May 31 for a two-year period.

T or F Acting as an undisclosed dual agent could result in license suspension or revocation.

True

T or F License revocation usually lasts five years.

True

T or F Those who've had their licenses revoked will likely have to take their pre-licensing course again, pass the exam, and reapply for licensure.

True

Which of the following individuals must complete 14 hours of continuing education in the two years leading up to their Pennsylvania license renewal? Izzy, who holds a rental listing referral agent's license Phillip, who holds a reciprocal broker's license Samuel, who holds a timeshare license Veronica, who holds a standard salesperson's license

Veronica, who holds a standard salesperson's license Reciprocal license holders, cemetery brokers/salespersons, rental listing referral agents, and builder-owner, time-share, and campground membership salespersons are exempt from the 14-hour CE requirement.

In order to renew a lapsed license, or get one out of escrow, a licensee needs to ...... This must be done within ____ years of letting the license lapse, or it will be as if the individual had never been licensed in the first place. This means retaking the exam, re-applying for licensure, and re-affiliating with a licensed broker

fulfill the terms for renewal and pay the appropriate fees five years

If licensees commit fraud, obtain their licenses through false representation, or are found guilty of another license law violation, the commission may .....

revoke or suspend your license, and also impose fines of as much as $1,000. they cannot send you to jail