An out-of-state broker applies for a PA license and the SREC discovers that the broker's license was revoked in another state for fraud. Under RELA, how should the SREC handle this application?
Correct Answer
C) The SREC may deny the application based on the character and fitness concerns raised by the revocation in another state
Under RELA, the SREC evaluates the character and fitness of all applicants. A license revocation in another state for fraud is a significant character concern that may result in denial of the PA license application. The SREC is not required to grant a license to someone whose license was revoked elsewhere.
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