inactive license

inactive license

A mechanism under some state real estate licensing laws for a real estate agent to withdraw his or her name from licensing under any broker and hold the license in an inactive status until the agent is ready to return to active practice with the same,or another,broker.While on inactive status, the agent may not engage in activities requiring a real estate license and may not accept compensation for buying,selling,or referring buyers or sellers.Normally the inactive licensee is able to pay a smaller licensing fee and is relieved of some or all continuing education requirements during the inactive status.