What must a real estate professional do if their application for renewal is not submitted on time?

When a real estate professional fails to submit their application for renewal on time, the correct course of action is to pay a late fee and then submit the application. This is a standard procedure that allows the individual to maintain their licensure and continue practicing in the field while adhering to the regulations set forth by the licensing authority.

The payment of a late fee serves as a penalty for the late submission but does not preclude the professional from renewing their license. This option helps prevent individuals from permanently losing their license or facing severe consequences, such as having to sit out until the next renewal cycle. Therefore, by paying the late fee and submitting the application, the real estate professional can avoid unnecessary complications and remain compliant with their licensing obligations.

Other options present less favorable outcomes; simply waiting for the next renewal cycle would leave the professional unable to work and out of compliance, while losing their license automatically would be a severe consequence for a late submission. Appealing a decision is typically reserved for situations where an application is denied or an irregularity occurs, rather than for missed deadlines in renewal submissions.