Practicing real estate with an expired license can lead to some hefty penalties, so you can see how a sneaky expiration date could throw a wrench in business. Negotiating loans, collecting payments, or performing services for borrowers or lenders Leasing, renting or soliciting listings for others in expectation of compensationĪssisting others in the filing of an application to lease or purchase government land Selling, buying or offering to sell or buy real property for others in expectation of compensation Section 10131 of the California Business and Professions Code outlines the duties for which a license is required, which includes, but isn’t limited to, the following actions: An expired license in it of itself is not cause for disciplinary action however, keep in mind that once your license has expired, you are no longer legally able to perform the duties of a salesperson or broker. If you fail to renew your license before the expiration date, it is no longer considered active. In California, a real estate license is active, or valid, for four years. What happens if your real estate license expires? If you find yourself in this situation, have no fear! At Your Pace Online is here to answer any questions about expired California real estate licenses and how to renew them. Sometimes time really gets away from you, and by the time you realize your license’s expiration date may be near, it’s already in the rearview mirror. Your first year on the job quickly turns into two, two into three, and before you know it, four years have already gone by and it’s time to renew your license. Time flies when you’re having fun as a real estate agent.
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