The deadline to renew your managing broker license is April 30, 2017.
Check your license renewal requirements:
A minimum of 12 hours must be regular CE: Core A, Core B and Elective. CE Hours hours should include one Core A and one Core B course. A maximum of six hours of Elective CE are allowed.
In addition to the regular CE hours, you will be required to complete 12 hours of "Broker Management CE." The Broker Management continuing education is not available online or by home study.
The interactive component of this CE requirement for Managing Brokers is satisfied with state-approved live webinars (Feb. 8 & 9, Mar. 1 & 2, April 6 & 7 and April 19 & 20) or live classroom courses (available at 25+ branch locations).
For Managing Brokers licensed after February 1, 2015, since this will be your first renewal as a Managing Broker, you are required to take 12 hours of regular CE (a minimum of six Core and six Elective CE hours) before April 30, 2017.
Core hours should include one Core A and one Core B course.
A maximum of six hours of Elective CE are allowed.
The 12-hour "Broker Management CE" course is not required.
If licensed AFTER February 1, 2017, you should have a renewal date of April 30, 2019 and will not need to take CE or renew by the April 30, 2017 date.
If you miss the April 30, 2017 Managing Broker Renewal deadline, your license will go into a non-renewed status until you complete the required education and submit your renewal application. You should not send in the application until all of hte CE requirements are met. Renewing without completing the required educaiton could result in a fine of $25 per credit hours that you were deficient.
Is the online renewal still available if you miss the renewal deadline?
The IDFPR online renewal is no longer available after May 1, 2017, so you will be required to submit a paper application to the IDFPR and pay the late renewal fee.
Review the CE requirements for the Managing Broker Renewal
Can I still transfer back to a Broker license if the renewal deadline has passed?
In order to transfer to the Broker license, the Managing Broker license must be active, which means you would have had to complete the required CE and have submitted your renewal application. You do have the option of transferring after your new Managing Broker license is issued by following these guidelines: