Question

When a real estate licensee fails to renew a license before it expires, What happens to the licensee?

1) The licensee can still continue practicing without a valid license
2) The licensee is required to immediately stop practicing
3) The licensee can renew the license after it expires with a penalty fee
4) The licensee can apply for a new license without any consequences

Answer 1

When a real estate licensee fails to renew a license before it expires, they are required to immediately stop practicing. They can still renew the license after it expires, but with a penalty fee.

Step-by-step explanation:

When a real estate licensee fails to renew a license before it expires, they are required to immediately stop practicing until they renew their license.

If the licensee fails to renew the license before it expires, they can still renew the license after it expires, but they will be required to pay a penalty fee.

The licensee cannot continue practicing without a valid license, nor can they apply for a new license without consequences.