(1) A fee of ten dollars is created and shall be assessed on each real estate broker and managing broker's original license and upon each renewal of a license with an expiration date after October 1, 1999, including renewals of inactive licenses.

(2) This section expires September 30, 2025.

Effective date—2010 c 156: "This act takes effect July 1, 2010." [ 2010 c 156 s 4.]