(1) A licensee may place his or her license on inactive status.
(2) The holder of an inactive license shall not practice as a real estate broker or salesperson in this state without first activating the license.
(3) An inactive license which is not renewed shall be treated as an expired license pursuant to § 17-42-307.
(4) Inactive licenses may be activated upon compliance with requirements established by the Arkansas Real Estate Commission, including payment of appropriate fees.
(5) The provisions of this chapter relating to disciplinary action against a licensee shall be applicable to an inactive or expired license.