Final answer:
If Rachel McBride forgets to renew her real estate license by the end of the year, she may face consequences for practicing without a valid license and should apply for a new license. She may not need to retake the real estate exam, but may need to fulfill other requirements.
Step-by-step explanation:
If Rachel McBride forgets to renew her real estate license by the end of the year, she may face consequences for practicing without a valid license. Real estate licenses are typically valid for a certain period, usually one or two years, and must be renewed before they expire. If a license is allowed to expire, the individual may be subject to penalties such as fines or even criminal charges.
To regain her license, Rachel will likely need to apply for a new license. This process may require her to meet certain requirements and pay a fee. However, it is important to note that the specific regulations and procedures for renewing a real estate license can vary by jurisdiction.
Rachel may not necessarily have to retake the real estate exam if she forgets to renew her license. The exam is typically taken only once as part of the initial licensure process. However, she may need to complete continuing education courses or fulfill other requirements to demonstrate her knowledge and competency to the licensing authority.