Why is it high priority that the brokerage entity, principal broker, broker in charge, and branch office successfully renew in a timely manner and ahead of associating salepersons?

  • Most real estate licenses are dependent on the timely successful renewal of the associating real estate broker licenses.  It affects the renewal of licenses of all associating broker-salespersons and salespersons, which could be held in suspense and eventually placed on an inactive status on January 1, 2013. Inactive licensees cannot conduct real estate licensing activity and will have to submit change forms to change to active status, plus there may be applicable fees.