Chapter REEB 26

INACTIVE LICENSES

REEB 26.01 Authority.

REEB 26.02 Inactive licensees prohibited to practice real estate.

REEB 26.03 Reinstatement of active license.

Ch. REEB 26 Note Note: Chapter RL 26 was renumbered chapter REEB 26 under s. 13.92 (4) (b) 1., Stats., Register November 2011 No. 671.

REEB 26.01 REEB 26.01  Authority. The rules in this chapter are adopted pursuant to ss. 227.11 (2), 452.07 and 452.12 (6), Stats.

REEB 26.01 History History: Cr. Register, February, 1987, No. 374, eff. 6-1-87; r. and recr. Register, July, 1998, No. 511, eff. 8-1-98.

REEB 26.02 REEB 26.02  Inactive licensees prohibited to practice real estate.

REEB 26.02(1) (1) An inactive licensee may not engage in any conduct which requires a license under ch. 452, Stats.

REEB 26.02(2) (2) Inactive licensees are not considered to be licensees within the meaning of s. 452.01 (5), Stats.

REEB 26.02(3) (3) Inactive licensees may be investigated and disciplined for conduct which occurred when the licensee held an active license.

REEB 26.02 History History: Cr. Register, February, 1987, No. 374, eff. 6-1-87.

REEB 26.03 REEB 26.03  Reinstatement of active license. An inactive licensee may be reinstated to active licensure by satisfaction of the requirements in s. REEB 12.04, except that the licensee shall pay the fee specified in s. 440.08, Stats., and the board may not require the licensee to pay a late renewal penalty fee.

REEB 26.03 History History: Cr. Register, February, 1987, No. 374, eff. 6-1-87; am. (2), Register, March, 1990, No. 411, eff. 4-1-90; r. and recr., Register, September, 1993, No. 453, eff. 10-1-93; correction made under s. 13.92 (4) (b) 6., 7., Stats., Register November 2011 No. 671.