TCA § 62-13-318 — Temporary retirement

Upon written request accompanied by the license and the fee for change of status, any real estate firm, real estate broker, affiliate broker, time-share salesperson, or acquisition agent may temporarily retire the license. If the retiree wishes to remain in retirement for any portion of a subsequent license renewal period, the retiree shall pay the required license renewal fee prior to the license expiration date. No retired licensee may engage in any act defined in § 62-13-102. The retiree is responsible for advising the commission of the retiree's current mailing address. A licensee wishing to reactivate a license from retirement status shall submit the proper form and fee for a change of status. Reactivation of a temporarily retired license shall not be permitted until the licensee provides proof of completion of sixteen (16) classroom hours in real estate courses as specified in § 62-13-303 during the current license renewal period. Any license in inactive status with the commission on July 1, 2016, shall be transferred to retirement status on that date.