What happens if a provisional broker does not complete their licensing requirements within the maximum time allowed?

When a provisional broker does not complete their licensing requirements within the maximum time allowed, their provisional license expires. This means that the broker cannot practice real estate until they fulfill the necessary requirements to obtain a full license. The rules for provisional licenses are designed to ensure that brokers complete their education and training within a specific timeframe, and failing to do so indicates that they have not met the essential standards set by the licensing board.

Provisional brokers are typically granted a limited timeframe to complete the required coursework and examinations. Once this period lapses without the necessary steps being taken, it results in the expiration of the license rather than a conversion to a full license or the possibility of a temporary extension. This policy emphasizes the importance of adhering to educational and competency requirements vital for practicing in the real estate field.