(1) A licensee who wishes to retain licensee's license but not engage in licensed activities shall place licensee's license on inactive status by:

(a) paying the required fee in accordance with 37-51-311 , MCA, and ARM 24.210.801;

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

(c) indicating, in writing, "inactive at present".

(2) A property management licensee who has caused his or her property management license to be placed on inactive status with the board has the sole responsibility to keep the board informed as to any change of the licensee's residency or mailing address during the period of time the property management licensee remains on inactive status.

(3) To maintain licensed status, inactive licensees must pay the renewal fee and annually complete the required education, and provide verification of that education.