(a) Any real estate broker, salesperson or company that for any reason does not wish to actively pursue real estate business, may deposit his/her license with the Board in an inactive status if they so wish it, before its date of expiration.
(b) No real estate broker or salesperson whose license has been handed to the Board may practice his/her profession as real estate broker, salesperson or business until he/she meets the following requirements:
(1) Apply to the Board for the reactivation of the license, in writing, on the form furnished by it.
(2) Give evidence that he/she has met the continuing education requirements established in this chapter.
(3) Pay the license renewal fee established in this chapter.
History —Apr. 26, 1994, No. 10, § 22, eff. 90 days after Apr. 26, 1994.