Fact Sheet

Fact #1:

TREC reported in their FY 2015 report that that there were 2,083 Broker Original Applications and 20,724 Sales Agent Original Applications Recieved.

Fact #2:

FY 2015 Renewals
There were 19,809 Broker Renewals.
There were 41,021 Sales Agent Renewals.

Fact#3:

Agents/Brokers cannot practice real estate once their license expires. Costing the Broker time and money managing the agents business until the agent can be reactivated. Practicing real estate with an expired real estate license is grounds for revocation of the agent and brokers license.

Fact #4:

FY 2015 Agent Counts
Salespersons (Active Status)88,115
Indivdidual Broker (Active Status)33,788
Corp, LLC, & Parnership Broker (Active Status)9,334

Fact #5:

Changes in Late CE Penalty Requirements! If Commission records do not show that you have completed your CE at the time you submit your renewal application, you must pay a $200 CE deferral fee, or renew in INACTIVE status. Paying the deferral fee will allow you to continue to be active in real estate activities and five you an additional 60 days from your expiration date to complete your CE.

Fact #6:

Pay Your Renewal Fee and File Early – To renew your license timely you must have your Continuing Education (CE) completed and posted to your record at the time the renewal fee is paid. The renewal fee must be paid within 90 days of the license expiration date.Effective January 1, 2015, if Commission records do not show that you have completed your CE at the time you submit your renewal application, you must pay a $200 CE deferral fee, or renew in INACTIVE status. Paying the deferral fee will allow you to continue to be active in real estate activities and give you an additional 60 days from your expiratoin date to complete your CE.