When does the expiration date of a residential builder's license occur?

The expiration date of a residential builder's license typically occurs on December 31st each year. This aligns with many regulatory practices where licenses are renewed on a standardized annual schedule. Having a set expiration date like December 31st ensures consistency and allows builders to prepare for renewal in advance, avoiding any lapse of their ability to operate legally in their industry.

The other options imply different renewal timelines that may not conform to standard practices in the licensing of residential builders. For example, an annual expiration on the application date would lead to variances in license validity periods among builders, while an anniversary of the license might create confusion regarding renewal dates. A specific date such as June 1st doesn't align with the common industry practice of year-end renewals. Thus, December 31st is the recognized and correct answer for the expiration of such licenses.