A sales agent places their license on inactive status. Which of the following activities is the sales agent permitted to perform while on inactive status?
Correct Answer
C) Receive a referral fee that was fully earned and contractually owed from a transaction completed before the license became inactive
Under TREC rules, an inactive license holder may not perform any act requiring an active license. However, receiving compensation that was already earned and contractually owed from a transaction completed while the license was active does not constitute performing a licensed act — the activity giving rise to the fee occurred when the license was active. Collecting a previously earned, vested fee is a contractual right, not a new real estate activity requiring licensure.
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