1. Each license issued under the provisions of this chapter expires at midnight on
the last day of the last month of the applicable license period for the license.
2. The initial license period for an original license as a real estate broker, broker-salesperson
or salesperson is a period of 12 consecutive months beginning on the first day of
the first calendar month after the original license is issued by the Division. Thereafter, each subsequent license period is a period of 24 consecutive months
beginning on the first day of the first calendar month after a renewal of the license
is issued by the Division for the subsequent license period.
3. For all other licenses, the license period is a period of 24 consecutive months
beginning on the first day of the first calendar month after the license or any renewal
of the license is issued by the Division, unless a specific statute:
(a) Provides for a different license period; or
(b) Expressly authorizes a different license period to be provided for by regulation.
4. The Division may:
(a) Create and maintain a secure website on the Internet through which each license,
permit, certificate or registration issued pursuant to the provisions of this chapter
may be renewed; and
(b) For each license, permit, certificate or registration renewed through the use
of a website created and maintained pursuant to paragraph (a), charge a fee in addition
to any other fee provided for pursuant to this chapter which must not exceed the actual
cost to the Division for providing that service.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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