Licenses issued under this title shall expire on a staggered basis. At least 60 days before a license expires, the Commission shall mail or electronically transmit to the licensee, as provided in paragraph (2) of this subsection: a renewal application form; and a notice that states: the date on which the current license expires; and the amount of the renewal fee. If the licensee is a real estate broker, the Commission shall mail or electronically transmit the renewal application form and notice to the principal office of the broker. If the licensee is an associate real estate broker or a real estate salesperson, the Commission shall mail or electronically transmit the renewal application form and notice to the principal office of the real estate broker with whom the licensee is affiliated. If an electronic transmission under paragraph (1) or (2) of this subsection is returned to the Commission as undeliverable, the Commission shall mail to the licensee, at the last known address of the licensee, the materials required under paragraph (1) of this subsection within 10 business days of the date the Commission received the notice that the electronic transmission was undeliverable. Before a license expires, the licensee periodically may renew it for an additional 2–year term, if the licensee: otherwise is entitled to be licensed; pays to the Commission a renewal fee set by the Commission; submits to the Commission a renewal application on the form that the Commission provides; not later than 30 days before the license expires, has complied with the continuing education requirements under § 17–315 of this subtitle; notifies the Commission of the name of each real estate broker with whom the licensee then is affiliated; and for the renewal of a real estate broker license: submits to the Commission, by a credit reporting agency approved by the Commission, a credit report that contains the information required by the Commission; or pays to the Commission or the Commission’s designee a credit report fee in an amount not to exceed the cost charged by a credit reporting agency approved by the Commission to obtain a credit report that contains the information required by the Commission for renewal of a real estate broker license. A licensee who fails to comply with paragraph (1)(iv) of this subsection shall be subject to a reinstatement fee set by the Commission. The Commission shall renew the license of and issue a renewal certificate and pocket card to each licensee who meets the requirements of this section. The Commission shall reinstate the license of a licensee under this title whose license has expired if the licensee: applies to the Commission for reinstatement within 3 years after the license expires; meets the requirement of good character and reputation; complies with the applicable continuing education requirement for the period during which the individual was not licensed; and pays to the Commission a reinstatement fee set by the Commission.