Licensees or registrants who fail to delinquently renew a license or registration by December 31 forfeit their renewal rights, and the former licensees or registrants shall be required to apply as an initial applicant and meet all requirements of an initial applicant.
No. All licensees renewing in the active status shall complete the 12-hour continuing education requirement, including mandatory course hours, on or before December 31.
You may renew your license prior to completing the education requirement. However, failure to complete your required education by December 31 will be considered a violation of LREC law and rules, and you will be subject to the annual continuing education audit and a possible fine.
Yes. Licensees are required to prove that they have purchased Errors and Omissions coverage.
This can be done either by selecting the LREC group insurance policy or submitting an Independent E&O Coverage form and a copy of your policy declaration page during renewal.
Licensees who choose the LREC Group E&O Policy will pay:
Sales Renewal + E&O = $219
Associate Broker/Broker + E&O = $254
Licensees who choose to purchase E&O through a third party and provide proof during renewal will be charged the renewal fee + $7 processing fee:
Sales Renewal + processing fee = $77
Associate Broker/Broker + processing fee = $112
Licensees who fail to renew by September 30 will also be subject to delinquent fees.
Yes. All licenses must be renewed by December 31 to avoid expiration.
If your license was issued January 1 to August 31 you must renew prior to September 30 to avoid delinquent renewal fees.
If your license was issued on or after September 1, you must renew no later than December 31, but you will not be subject to any delinquent fees.
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