Every license shall expire in multiyear intervals as determined by the real estate commission. A person who fails to renew a real estate broker's or real estate salesperson's license by the expiration date shall be allowed to do so within thirty days following its expiration, but the commission may assess a reasonable penalty. The commission upon the written request of the applicant on forms prescribed by the commission, and payment of the fee, shall issue a new license for each ensuing license period except as provided in section 543B.15, in the absence of any reason or condition which might warrant the revocation of a license after a hearing as provided in sections 543B.34 and 543B.35.
[C31, 35, § 1905-c42; C39, § 1905.39; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 117.28; 81 Acts, ch 54, § 15]
C93, § 543B.28
Referred to in § 543B.43, 543B.47, 543B.53
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