Final answer:
An agent failing to renew their licenses within a year after expiration may result in an inactive or lapsed license. Reactivating it could require additional fees, continuing education, or re-examination. Practice without an active license is not permitted.
Step-by-step explanation:
If an agent failed to renew their licenses within one year of the expiration date, they may face several consequences depending on the regulations governing their particular profession and jurisdiction. Typically, failing to renew a professional license in a timely manner can lead to the license being deemed lapsed or inactive. To reactivate the license, the agent may have to go through the renewal process, which might include additional fees, continuing education requirements, and in some cases, re-taking examinations. Without an active license, the agent is not permitted to practice or represent themselves as a licensed professional in that field.