Associate broker David works under principal broker Susan's license. Susan's license expires and she fails to renew it timely. What happens to David's ability to practice real estate under her supervision?
Correct Answer
B) David must immediately cease all real estate activities until Susan renews
David must immediately cease all real estate activities until Susan renews her license. When a principal broker's license expires, all licensees under their supervision must stop practicing real estate because they lack proper supervision. Option A is incorrect as there's no 30-day grace period for continued practice. Option C is incorrect as license transfers require GREC approval and proper procedures. Option D is incorrect as associate brokers cannot practice independently without proper supervision.
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