Grace is a licensed Tennessee affiliate broker whose license expired six months ago. She did not complete her CE before the expiration date. She now wants to return to active practice. Her colleague tells her that because her license has been expired for less than one year, she can simply complete the missed CE hours and pay a late fee to reinstate, without retaking the exam. Her other colleague says that after six months of expiration, she must retake the licensing exam. Which of the following most accurately reflects TREC's reinstatement rules for Grace's situation?
Correct Answer
B) Grace may reinstate her license by completing the required CE and paying applicable fees, without retaking the exam, provided she is within TREC's allowable reinstatement window
Under TREC rules, a licensee whose license has expired may reinstate it without retaking the licensing examination, provided the reinstatement is completed within the allowable reinstatement window established by TREC (typically up to one year after expiration, though the exact window is governed by TREC rules). Grace's license has been expired for six months, which is within the reinstatement window. She must complete the required CE hours and pay applicable late fees, but exam retesting is not required at this stage. If her license were expired beyond the reinstatement window, she would need to reapply as a new applicant.
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Related Topics & Key Terms
Key Terms:
Related Concepts
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
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