(1) A licensee not engaged in licensed activities may place the licensee's license on inactive status by:

(a) paying the required fee;

(b) forwarding the license to the board office for cancellation of the active license; and

(c) submitting, in writing, a request that the license be placed on inactive status.

(2) In order to avoid lapse, expiration, or termination of their license, inactive licensees must renew their inactive license each renewal period.

(3) Inactive licensees do not need to report continuing education until they reactivate their license as found in ARM 24.210.826.

(4) Inactive licensees may not receive compensation for property management activity not earned while their license was active.