Question

An agent is terminated by his broker for failure to pay the office bill. While the agent is looking for a new office, he is considered to have what kind of license?

Answer 1

An agent with no current broker affiliation has an inactive license, and must be sponsored by a licensed broker to reactivate it.

Step-by-step explanation:

When an agent is terminated by their broker and they have not yet affiliated with a new office, their license is typically considered to be inactive. An inactive real estate license means that the agent is not currently associated with a broker and therefore cannot engage in real estate transactions. To reactivate the license, the agent must be sponsored by a licensed broker, and certain jurisdictions may require additional steps such as completing continuing education requirements or filing specific forms with the real estate regulatory body.