When does the license of an agent expire according to the Real Estate Agents Act?

The expiration of an agent's license as established by the Real Estate Agents Act is set to occur on the last day of the month one year following its issuance. This means that if an agent receives their license on a specific date, it will be valid until the end of the corresponding month in the next year. This provides a clear and standardized timeline for when the license must be renewed, ensuring that agents remain compliant with renewal requirements to practice legally.

Understanding this timing is essential for real estate professionals to maintain their active status in the industry and effectively manage their licensing responsibilities. It emphasizes the importance of timely renewal procedures to avoid lapses in the ability to conduct real estate transactions.