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(a)Subject to the requirements of this section and §1101.451(e)
of the Act, a license holder may late renew a license after the expiration
date of that license if:
(1)the license has been expired for less than six
months;
(2)the license holder files the application to renew
on a form approved by the Commission for that purpose;
(3)completes all required continuing education for
renewal of the license; and
(4)the license holder submits the required fees under §535.101,
including:
(A)application fees for late renewal;
(B)a continuing education deferral fee if continuing
education for the previous active license period was not completed
by the expiration date of the previous active license period; and
(C)a continuing education late reporting fee if continuing
education for the previous active license period was not completed
by the 60th day after the expiration date of the previous active license
period.
(b)Provided the license holder meets all the requirements
of this subsection, the Commission will renew the license in an active
status.
(c)To renew a salesperson license on active status
after the expiration date of the license without any lapse in active
licensure, a license holder must submit a Salesperson Sponsorship
Form certifying that the license holder:
(1)was continuously sponsored by a Texas licensed
broker from the date after the previous license expired to the date
the renewal of that license will be issued; and
(2)will continued to be sponsored from the date immediately
after the date the renewal of that license will be issued.
(d)The same broker may be the sponsor the salesperson
for both periods under subsection (c) of this section.
(e)If the license holder is unable to certify that
the license holder was sponsored for the periods under subsection
(c) of this section, the Commission will renew the salesperson license
on inactive status for the period(s) in which the license holder was
not sponsored.
(f)A license renewed under this section is effective
the day following the expiration of the previous license.
(g)A license holder may file an application to renew
a license on inactive status under this section. Reactivation of a
license on inactive status is governed by Subchapter L of this Chapter.
The agency certifies that legal counsel has reviewed
the adoption and found it to be a valid exercise of the agency's
legal
authority.
Filed
with the Office of the Secretary of State on November 24, 2014
TRD-201405649 Kerri Lewis
General Counsel
Texas Real Estate Commission
Effective date: January 1, 2015
Proposal publication date: September 5, 2014
For further information, please call: (512) 936-3092
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