A licensee in Pennsylvania wants to place their license on inactive status. Under SREC rules, what does inactive status mean?
Correct Answer
B) The licensee may not engage in any licensed real estate activities
A licensee on inactive status in Pennsylvania may not engage in any licensed real estate activities. They retain their license but cannot practice until they reactivate by meeting SREC requirements.
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A PA broker of record is investigated by the SREC for escrow account violations. The investigation reveals that escrow funds were deposited into a non-interest-bearing checking account instead of a separate escrow account. What violation has occurred?
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A PA licensee completes all 14 hours of CE but from a provider that is not approved by the SREC. Will the CE credits be accepted for renewal?