What happens if my Texas real estate license expires?
You may renew your license up to six months after the expiration date (Additional late fees may apply). After six months and up to two years past the expiration date, you may apply for reinstatement of your license. After two years past the expiration date, you will have to reapply and pass the state exam again.
How Much Does it Cost to Renew Your Real Estate License in Texas?
Introduction
Renewing your real estate license in Texas is a necessary part of keeping up with the regulations and staying up-to-date on the latest industry trends. Knowing the cost of renewal can help you budget for this important step.
Renewal Costs
The cost to renew your real estate license in Texas depends on the type of license you have and the length of time you have held the license. The Texas Real Estate Commission (TREC) sets the renewal fees for all license types, which are as follows:
- Sales Agent License: $200 every two years
- Broker License: $300 every two years
- Inactive License: $50 every two years
In addition to the renewal fees, there is an additional $20 fee for the recovery fund, which is used to reimburse people who suffer financial losses due to unethical or illegal acts by real estate license holders.
Renewal Process
The renewal process for a real estate license in Texas is fairly straightforward. You must first complete 18 hours of continuing education courses and submit your renewal application to TREC. Once your application is approved, you will be able to renew your license online.
FAQs
How long does it take to renew my license?
It usually takes about two weeks for TREC to process your renewal application. Once your application is approved, you can renew your license online immediately.
Do I need to retake the exam to renew my license?
No, you do not need to retake the exam to renew your license. However, you must complete 18 hours of continuing education courses in order to be eligible for renewal.
Are there any other fees associated with renewal?
Yes, there is an additional $20 fee for the recovery fund, which is used to reimburse people who suffer financial losses due to unethical or illegal acts by real estate license holders.
Conclusion
Renewing your real estate license in Texas is an important part of staying up-to-date on the latest industry trends and regulations. The cost of renewal depends on the type of license you have and how long you have held it. It usually takes about two weeks for TREC to process your renewal application, and there is an additional $20 fee for the recovery fund.