For how many months can a one-time extension be granted to licensees who need more time for payment?

A one-time extension of up to three months can be granted to licensees who require additional time for payment. This policy is designed to provide flexibility for real estate licensees facing unforeseen circumstances that may hinder their ability to meet payment deadlines.

The three-month extension allows for a balanced approach, ensuring that licensees can maintain their active status without being unduly penalized for temporary financial difficulties. It encourages accountability while also accommodating the varying circumstances professionals in the field may encounter. This extension period reflects the understanding that the real estate market can fluctuate, and licensees might find themselves needing a little more time to meet their obligations.