How Do I Renew My License in the Inactive Status?
The Commission recognizes that situations may arise requiring licensees to step away from the real estate industry. Instead of letting your license expire, the Commission advises all licensees to consider renewing their license to inactive status.
To renew your license in the inactive status during the annual renewal period, please do the following:
- Log into your MyLREC Portal.
- Look for the "Renew License" link on the left-hand menu.
- Once you click on the llink, you will see two options for renewal. Select the paper renewal option and print out the form.
- On the paper renewal form, be sure to select the checkbox for section E to indicate that you wish to renew and transfer to the inactive status.
- Complete section F on the form, sign and date, then submit the form via mail to the Commission office with the fee indicated in section B.
What Does it Mean to Renew or Transfer my License to an Inactive Status?
The inactive status essentially places your license on pause. While you’ll be unable to practice real estate (including the collection of referral fees), the inactive status will keep you from having to complete the initial license requirements if and/or when you decide to return to real estate activity. This includes:
- retaking the state and national exams;
- paying any required fees;
- and adhering to the new background check and fingerprinting process.
Inactive real estate licensees are not required to fulfill any education requirements or provide proof of Errors and Omissions Insurance to renew their inactive license. Inactive real estate licensees are also not required to participate in local boards and pay fees such as MLS, lockbox, REALTOR®, and Board dues.