Answer: Voluntary relinquishment for permanent revocation
Step-by-step explanation:
From the following case/scenario, we can state that the terminology that best describes the situation is Voluntary relinquishment for permanent revocation. Under this situation licensee and respondent tends to choose to avoid the disciplinary hearing . The licensee might voluntarily tend to relinquishes his/her real estate license. There is also a possibility that they permanently might put licensee out of this business.