Final answer:
If a real estate license is not renewed before it expires, the licensee must cease all real estate activities and cannot complete any transactions.
Step-by-step explanation:
When a real estate license is not renewed before it expires, the licensee must cease all real estate activities. This means that they are no longer allowed to engage in any transactions or provide any real estate services.
They cannot complete transactions in progress or finish transactions that are substantially complete.The specific rules regarding the consequences of not renewing a real estate license can vary by jurisdiction. However, in many cases:
c. must cease all real estate activities.
If a real estate license is not renewed before it expires, the licensee may lose the legal authority to engage in real estate activities until the license is renewed.
Continuing to practice without a valid license could lead to legal consequences. It's crucial for real estate professionals to be aware of the renewal requirements in their jurisdiction and ensure timely renewal to avoid disruptions in their ability to conduct real estate transactions.