Real estate brokers license; reduce penalty for late renewal of from 100% to 50% of renewal fee.

HB 1369 reduces the penalty for real estate brokers who miss their license renewal deadline from 100% to 50% of the renewal fee. This directly affects licensed real estate brokers in Mississippi who fail to pay their annual renewal fee on time. The bill amends Section 73-35-17 to change the late fee calculation, while keeping the base renewal fee capped at $75 per year. The policy change provides a more lenient financial penalty for late renewals without altering the required renewal amount itself.