Current through Register Vol. 54, No. 21, May 25, 2024
Section 37.36 - Renewal of broker license(a) Approximately 150 days prior to license expiration, a notice of continuing education status will be mailed to the broker. The broker will be required to satisfy the continuing education requirement 60 days prior to license expiration to be eligible for renewal of the license. If the broker does not satisfy the continuing education requirement, the broker will be so notified. If the continuing education requirement is met, the broker will be sent a renewal form approximately 60 days prior to license expiration. Mailing to the last known address of the broker will satisfy the Department's obligation to provide the appropriate forms and notices.(b) Broker licenses shall be renewed biennially based on the broker's month and year of birth. The license for a broker born in an even numbered year will expire at the end of the broker's birth month in even numbered years. The license for a broker born in an odd numbered year will expire at the end of the broker's birth month in odd numbered years.(c) Corporation and partnership licenses will expire biennially based on the date of incorporation of the corporation or the date of formation of the partnership. Corporations shall provide a list of officers (active, qualifying active or otherwise) with the renewal form. Partnerships shall provide a list of partners (active, qualifying active or otherwise) with the renewal form.(d) Renewal of a broker's license is obtainable only upon submission of a completed renewal form by the license holder and payment of the proper fee.(e) Failure to complete and submit the renewal form and fee by the expiration date will be deemed voluntary termination by the broker. Renewal forms received by the Department after expiration will be denied.(f) Failure to document compliance with continuing education requirements will be deemed voluntary termination by the broker. This section cited in 31 Pa. Code § 39.11 (relating to penalties for failure to comply with continuing education requirements).