What do you mean there’s no grace period on my license renewal?
by Patti Chapell
I can’t begin to tell you how often I have heard, “But I get a 30 day grace period, don’t I?” And the question always pertains to completing the CE and renewing the real estate license.
The answer is “no”. You don’t have a 30 day grace period on your license renewal. The 30 day grace period pertains only to the fee paid. In other words, if you renew 30 days late, you won’t be charged a penalty; there’s a 30 day grace period on the renewal amount.
Let’s be clear. If you renew 30 days late, you will not be charged a penalty. BUT during those 30 days, you have no real estate license and you are out of business. You cannot resume selling real estate until you have completed your education and paid to renew your license.
-Patti