Once you've successfully passed your state exam and become licensed, your education requirements don't stop there. It's important to stay up to date on law changes, advancements and trends in the industry. The state requires Continuing Education credits to make sure Real Estate Professionals stay at the top of their game.
All Real Estate Licenses will expire on one of two dates, March 31st or September 30th. Your license will need to be renewed every two years. Your first renewal will require 45 hours of "Post Licensing" education and each subsequent renewal period will require 14 hours of "Continuing Education."
During your first two years of being licensed you will be required to complete a 45 hour Post Licensing Course. Ashton School of Real Estate offers this course in person and online. It is important that this gets completed before your first renewal date. Failure to do so will result in the loss of your license. Not only will you lose your license, you will have to retake your 63 hour Pre-Licensing Course all over and pass the state exam again.
After your first renewal date getting your continuing education credits becomes a lot easier and can be broken up over time. Each renewal period you will be required to take 3 hours of "Core Law" and 3 hours of "Ethics." The other 8 credit hours could come from taking approved courses in appraisals, home staging, property management and more. These course are usually 2-3 hours and often offered at your local Board of Realtors.
Post Licensing and Continuing Education credits are submitted to the state by course providers. You do not need to take another state exam to keep your license active. You do however want to make sure the credits are submitted. You can do so by logging into your online portal with DBPR. There is also a renewal fee due to the state that must be paid before your license will be renewed.
After you have held an active license for 2 full years you are eligible to get your Broker's License. Ashton School of Real Estate offers the Brokers Pre-Licensing Course in person as well as online. This course is 72 credit hours. If you do choose to take the Broker Pre-Licensing course you this will not satisfy your continuing education requirements even if completed within your renewal period.
Getting your Brokers License does require you to pass another state exam and you will still need to pay a licensing fee to the state. For more information on getting your Brokers License check out the information booklet.
Just like with getting your Sales License, there is state required Broker's Post Licensing. There are two Post Licensing courses you will need to complete in your first 2 years of being licensed. Essentials of Real Estate Investment, 30 hours and Real Estate Management, 30 hours. Failure to complete this before your first renewal date could result in the loss of your license.
After your first renewal period you will just need to complete 14 hour Continuing Education just like before. That means hours of 3 "Core Law" and 3 hours of "Ethics" and additional 8 credit hours. There is still a renewal fee due to the state.
What if you completed your post licensing education on time but didn't get your 14 hour continuing education completed before your renewal date?
All is not lost. Your license will go involuntary inactive and you cannot participate in any licensed activity, including receiving commissions. If this happens you will need to complete the Reactivation Course, available online through Ashton School of Real Estate. This course is 28 hours and has 2 exams. There is no state exam and the course provided will submit your credits to the state. This can easily be avoided by getting your 14 hours completed on time.
What if you complete the 14 hours Continuing Education requirement but fail to pay the renewal fee on time?
"If you completed the 14 hour continuing education but failed to pay the renewal fee by your expiration date or within 12 months past the expiration date, you will have to pay the renewal fee plus late fee to bring the license to a Current status.
Note: If you have received an Involuntary Inactive Renewal Notice, you will have to complete all applicable renewal requirements (renewal fees, late fee, and all education) by end of the 24th month past expiration date or your license will expire and the license will go null and void. The license is not able to be re-instated after it goes null/void; there is no statutory authority to grant extensions for any reason past the 24th month."
You can click here for more information from the DBPR regarding renewal.
Don't wait until the last minute to complete your education requirements. Ashton School of Real Estate has in person and online courses that meet the state requirements. If you have any questions about renewals contact us today!