What happens if the license fee is not paid within 12 months after passing the exam?

Get ready for the Washington State Managing Broker Exam. Study with multiple choice questions and detailed explanations. Prepare confidently with updated resources!

If the license fee is not paid within 12 months after passing the exam, the applicant must retake the exam to obtain their license. This policy is in place to ensure that individuals who wish to operate as licensed professionals stay current with the knowledge and regulations of the industry. The timeframe encourages accountability and active engagement in the field. By requiring the exam to be retaken, the licensing authority ensures that only those who are fully committed and knowledgeable can maintain their credential.

Though other options may seem reasonable, they do not align with the established procedures and regulations governing the licensing process. Refund requests or extensions might not apply in this specific scenario, as those processes generally do not accommodate lapses in timely fee payment following successful exam completion. Additionally, losing exam results is not a direct consequence of not paying the fee, as the results remain valid for a limited period under the given rules.

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