Final answer:
NREC hearings can result in either license suspension or license termination. These hearings address the conduct and licensing of real estate professionals, with suspension being temporary and termination being permanent revocation of a license.
Step-by-step explanation:
Hearings held by the National Real Estate Commission (NREC) are formal proceedings related to the conduct and licensing of real estate professionals. Depending on the outcome of such hearings, various actions can be taken regarding a real estate license. Specific outcomes can include:
- License suspension
- License renewal
- License issuance
- License termination
An NREC hearing could result in either license suspension, which temporarily revokes the agent's ability to practice until certain conditions are met, or license termination, which is a permanent revocation of the agent's license. Renewal and issuance of licenses are typically administrative actions not associated with the hearing process.