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A broker moves his office to the building next door and neglects to inform the Real Estate Commission. What is the status of the brokerage license? A) Active

B) Suspended
C) Revoked
D) None of the above

User Adam Meyer
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1 Answer

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Final answer:

The status of the brokerage license would likely be Active.

Step-by-step explanation:

When a broker relocates offices without informing the Real Estate Commission, it generally doesn't automatically result in the suspension or revocation of the brokerage license. Failure to update the commission about an office move might lead to administrative penalties or warnings, but it typically wouldn't immediately affect the license's active status. However, repeated or intentional failure to comply with notification requirements could eventually lead to disciplinary action, potentially resulting in suspension or revocation.

In most cases, the Real Estate Commission expects brokers to notify them of changes in office locations for transparency and regulatory purposes. This failure to inform might trigger an investigation or administrative process to ensure compliance but wouldn't instantly revoke the license.

Correct Answer: A) Active

User Pruivo
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