West Virginia Code of State Rules › Agency 174 - Real Estate Commission › Title 174 - LEGISLATIVE RULE REAL ESTATE COMMISSION › Series 174-01 - Licensing Real Estate Brokers, Associate Brokers, and Salespersons and the Conduct of Brokerage Business › Section 174-1-8 - Renewal of License; Continuing Education Requirement; Late Fees; Failure to Renew; Cancellation

Current through Register Vol. XLI, No. 28, July 12, 2024
8.1.
				Expiration; duty to renew. -- All licenses expire on June 30 regardless of the
				date the license was issued. It is the duty of all licensees to renew their
				licenses by paying the renewal fee for a license as set forth in Series 2 of
				these rules.
8.2. Late fees. --
				Upon payment of the appropriate renewal and late fees set forth in Series 2 of
				the Commission's rules, an expired license may be renewed on or before December
				31 of the year in which the license expired. In addition to payment of a late
				fee, licensees who continue to practice while his or her license is expired,
				and brokers who accept the services of a licensee while that licensee's license
				is expired, may also be subject to disciplinary action by the
				commission.
8.3. Failure to renew;
				cancellation; examination required. -- The license of any licensee who does not
				renew his or her license on or before December 31 of the year in which the
				license expired shall be cancelled and the licensee shall be required to comply
				with all the requirements for obtaining a new license, including the
				examination requirement.
8.4.
				Continuing education. -- Each licensee applying for the renewal of his or her
				license on active status shall complete seven (7) hours of instruction in an
				approved real estate course for each year covered by the term of the
				previous_license. It is the responsibility of the broker to confirm that all
				licensees under his or her supervision comply with this requirement prior to
				the submission of their license renewal application.
8.5. Exemptions.
8.5.a. Recent Examinees. -- A licensee who
				qualified for licensure by passingboth the national and state licensing
				examinations is exempt from the continuing education requirement for their
				first renewal if the licensee renews on or before June 30 of that fiscal
				year.
8.5.b. Inactive status. -- A
				licensee on an inactive status is not required to comply with the continuing
				education requirement. A licensee on an inactive status who desires to be
				placed on active status must furnish satisfactory evidence to the Commission
				that he or she has completed the approved continuing professional education
				that would have been required for active status at the time the license was
				renewed. The licensee must comply with this requirement prior to being placed
				on active status.
8.5.c.
				Non-resident licensees. -- Non-resident licensees must comply with the
				continuing education requirement. However, if the non-resident's jurisdiction
				has a comparable continuing education requirement and recognizes West Virginia
				continuing education credits as fulfilling that jurisdiction's continuing
				education requirement, the Commission will accept continuing education credits
				earned in the other jurisdiction.