Final answer:
If a real estate broker lets their license lapse and continues to practice real estate for two months, they may face penalties such as fines, license suspension or revocation, and potential criminal charges.
Step-by-step explanation:
The maximum penalty for a real estate broker who lets their license lapse and continues to practice real estate for two months will vary depending on the jurisdiction. In most cases, the broker would be considered to be operating without a license, which is a serious offense.
They could face fines, suspension, or revocation of their license, and in some cases, criminal charges. It is important for real estate brokers to renew their licenses on time to avoid legal consequences.