If a licensee fails to pay for their license, what can the commission grant?

In the context of real estate licensing, when a licensee fails to pay for their license renewal, the commission has the authority to grant a one-time extension for payment. This is an important provision that allows licensees an opportunity to rectify their situation without losing their ability to practice or having their license completely revoked. Extensions can be critical for licensees who may be facing temporary financial difficulties or could have simply overlooked the payment deadline.

This approach also aligns with regulatory practices that aim to maintain professional licensing while encouraging compliance rather than immediate punitive measures. It offers a pathway for those who are genuinely trying to maintain their licensure status, ensuring that they can continue their business in the real estate market. Other options noted, such as a lifetime license or waivers of fees, do not reflect the commission's typical regulatory practices.