Chapter 3

Question 1

If the licensee failed to timely provide the DRE with any type of required notification

Answer 1

Cease to be in force

Question 2

License issued to associates and broker associate and there is proof that ownership or control of various properties is substantially held by the same individual, although the properties are owned in the name of different interlocking or affiliated and entities

Answer 2

Group license

Question 3

When I license is expended or ceases to be in force, canceled or involuntary an active because the broker of record has been suspended or revoked

Answer 3

Ineffective

Question 4

Involuntary inactive

Answer 4

A licensee fails to renew their license in a timely manner, or when the sales associate or broker associate are registered with a broker whose license has been suspended or revoked

Question 5

Additional license is issued to a broker when necessary for the conduct of brokerage business

Answer 5

Multiple license

Question 6

When a license is either revoked or expired

Answer 6

Void

Question 7

When a licensee chooses not to have an active license or files the proper form with the DRE requesting inactive status

Answer 7

Voluntary inactive