Real Estate Commission Flexibility In License Periods

Real estate brokers - licensing - expiration of licenses - transition from anniversary date to calendar-year periods. Recent legislation changed the expiration dates of real estate licenses from an anniversary date 3 years after the date of initial issuance to December 31 of the third year after issuance, but did not allow the real estate commission a period to transition licenses. To allow more flexibility in transitioning from the anniversary date system to the calendar-year system, the act authorizes the commission to issue licenses that expire on December 31 of the year of issuance.
(Note: This summary applies to this bill as enacted.)