REEB 12.04(2m)
(2m) Renewal of license more than 5 years after license expiration. REEB 12.04(2m)(a)(a)
General. A licensee with an expired license may not reapply for the license using the initial application process.
REEB 12.04(2m)(b)
(b)
Salesperson license. A licensee who renews a salesperson license more than 5 years after the license expiration shall submit evidence of all of the following:
REEB 12.04(2m)(b)1.b.
b. Ten semester hour credits in real estate or real estate law courses from an accredited institution of higher education.
REEB 12.04(2m)(b)1.c.
c. Real estate salesperson education under s.
REEB 25.038. This option only applies to a licensee who held an active license in another jurisdiction within 2 years of renewal of Wisconsin license.
REEB 12.04(2m)(b)3.
3. `Continuing education.' Completion of the continuing education required by s.
452.12, Stats., for the biennium preceding the date of renewal of the license. A licensee completing education under subds.
1. a. and
c. meets the continuing education requirement.
REEB 12.04(2m)(c)
(c)
Broker license. A licensee who renews a broker license more than 5 years after the license expiration shall submit evidence of all of the following:
REEB 12.04(2m)(c)1.a.
a. Real estate business management education under s.
REEB 25.023 and real estate salesperson's education under s.
REEB 25.033 within 5 years of renewal of license. The real estate salesperson education is not required if the license is currently licensed in this state as a real estate salesperson.
REEB 12.04(2m)(c)1.b.
b. Completion of 20 semester hours credits in real estate or real estate law at an accredited institution of higher education.
REEB 12.04(2m)(c)1.c.
c. Education under s.
REEB 25.028. This option only applies to a licensee who held an active license in another jurisdiction within 2 years of renewal of Wisconsin license.
REEB 12.04(2m)(c)1.d.
d. A licensee who is also licensed to practice law in this state meets the education requirement.
REEB 12.04(2m)(c)3.
3. `Experience.' Practicing as a licensed salesperson under the direct supervision of a licensed broker for at least 2 years within the last 4 years preceding the date of renewal or has experience related to real estate by any of the following:
REEB 12.04(2m)(c)3.d.
d. A licensee who held an active broker license in another jurisdiction within 2 years of renewal of a Wisconsin license meets the experience requirement.
REEB 12.04(2m)(c)4.
4. `Continuing education.' Completion
of the continuing education required by s.
452.12, Stats., for the biennium preceding the date of renewal of the license. A licensee completing education under subds.
1. a. and
c. meets the continuing education requirement.
REEB 12.04(2m)(d)
(d)
Continuing Education Requirement. All licensees renewing under pars.
(b) and
(c) shall before the next renewal date satisfy the continuing education required during the biennium in which the license is renewed.
REEB 12.04(3)(a)
(a) A licensee who has a license with unmet disciplinary requirements that has not been renewed within 5 years of the renewal date or whose license has been surrendered or revoked may submit an application for reinstatement with all the following:
REEB 12.04(3)(a)1.
1. Evidence of completion of requirements in sub.
(2m) (b) or
(c) if the licensee has not held an active Wisconsin license within the last 5 years.
REEB 12.04(3)(a)3.
3. Evidence of rehabilitation or change in circumstances warranting reinstatement of license.
REEB 12.04(3)(b)
(b) A licensee may not reapply for a license through the initial application process if the licensee has unmet disciplinary requirements and failed to renew the license within 5 years of the renewal date or whose credential has been surrendered or revoked. A licensee may not practice real estate prior to being granted reinstatement of the license.
REEB 12.04 History
History: Emerg. cr. 6-16-87; cr.
Register, December, 1987, No. 384, eff. 1-1-88; r. and recr.
Register, March, 1990, No. 411, eff. 4-1-90; r. and recr.,
Register, September, 1993, No. 453, eff. 10-1-93; am. (2) (intro.), cr. (2) (a) 4.,
Register, July, 1998, No. 511, eff. 8-1-98; am. (1) (a), r. (1) (b),
Register, August, 1999, No. 524, eff. 9-1-99; correction in (1) (a), (2) (a) 1., 2., (b) 1., 2. made under s.
13.92 (4) (b) 7., Stats.,
Register November 2011 No. 671;
CR 13-100: am. (1), (2)
Register September 2014 No. 705, eff. 10-1-14;
CR 15-010: am. (title), cons. and renum. (1) (intro) and (a) to (1) (a) and am., am. (1) (c), r. (2), cr. (2m), (3)
Register September 2015 No. 717, eff. 10-1-15.
