California Real Estate Practice Exam

How long is the grace period during which an expired license may be renewed by just paying a renewal fee?

1. One year

2. Two years

3. Three years

4. Five years

The correct answer is: Two years

A grace period is the period of time after a license has expired during which it can still be renewed without any penalty. The length of the grace period indicates how lenient the renewal process is. In this question, the correct answer is B Two years. This means that if a license has expired, the holder has two years to renew it by just paying the renewal fee. Options A, C, and D are incorrect because they have different time frames, which are either too short or too long. For instance, option A states that the grace period is only one year, which may be too short for some people to renew their license. Option C, on the other hand, states that the grace period is three years, which may seem convenient, but it also means that the renewal process is not very strict and the person may end up forgetting to renew their license. Option D's grace