How to retire your West Virginia real estate license
Real estate is one of the popular career paths for people, who are looking for a flexible job. Being a realtor, you have an opportunity to create your own business and schedule your time. If you have worked hard with real estate clients for many years and helped them to own their houses, you can plan your retirement. So when you plan to stop practicing real estate, but you do not want to give up your license, you can place your West Virginia real estate license in retirement.
Obtaining a Real Estate License in West Virginia.
Before retirement, let’s see how you can obtain a license in West Virginia. There are some steps to follow in order to get your license.
- At first, you have to do market research in West Virginia.
- Secondly, you have to complete 90 hours of official pre-licensing courses.
- Thirdly, you must take the West Virginia real estate exam.
- After that, you have to find a broker, who will sponsor you.
- And your last step must be applying for a real estate license.
So getting a real estate license is just the beginning. You can succeed only with your good broker.
Maybe the real estate industry gives you a good opportunity to earn more money, and it is good for today. But what about the coming days?
When you earn money now, you have to think about securing retirement income.
How to retire the West Virginia real estate license?
When you are in retirement, you cannot take part in real estate transactions. But you have to know that you can receive commissions from the transactions, which you have completed before retirement.
In order to retire your real estate license in West Virginia, you have to contact the Commission. So here is the address of the Commission.
West Virginia Real Estate Commission
300 Capitol Street, Suite 400
Charleston, WV 25301
In order to find the steps on how to place your real estate license in retirement, you can call them via this number: 304.558.3555. And here is the fax of the Commission: 304.558.6442
If you want to get deeper information about a West Virginia real estate license, you can check the website of the Commission.
When your real estate license is not active, you cannot use it. And you cannot work as a real estate agent if you do not have an active license.
You have to know that if you want to stay in retirement for any part of a further license renewal period, you have to pay all the required license renewal fees, before your license will expire. In West Virginia, all the real estate licenses expire on the same day. Your license will expire on June 30th of every year. And you have to renew your license on time. So you have to submit your renewal application and fees before June 15th of every year. If your license expires, you cannot use it, as it will not be active until you comply with all the other renewal requirements. You have to pay all the required late fees then you will receive a notice that your real estate license in West Virginia is again active.
If you plan to have temporary retirement, you have to know that it will not be permitted until you have completed all educational requirements.
So the West Virginia Real Estate Commission regulates the real estate industry. The West Virginia Real Estate License Administrative and Act rules grant powers to the commission authority. Every real estate licensee has to conduct their real estate activities with the terms of these rules at all times. So when you work hard and create your career, you have to think about retirement, too. And in order to place your license in retirement, you have to contact the Commission.
