(a)
(1) Upon written request accompanied by the license and the fee for change of status, any real estate firm, real estate broker, affiliate broker, time-share salesperson, or acquisition agent may temporarily retire the license.
(2) If the retiree wishes to remain in retirement for any portion of a subsequent license renewal period, the retiree shall pay the required license renewal fee prior to the license expiration date.
(3) No retired licensee may engage in any act defined in § 62-13-102.
(4) The retiree is responsible for advising the commission of the retiree's current mailing address.
(b)
(1) A licensee wishing to reactivate a license from retirement status shall submit the proper form and fee for a change of status.
(2) Reactivation of a temporarily retired license shall not be permitted until the licensee provides proof of completion of sixteen (16) classroom hours in real estate courses as specified in § 62-13-303 during the current license renewal period.
(c) Any license in inactive status with the commission on July 1, 2016, shall be transferred to retirement status on that date.
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