What occurs when a broker’s license is revoked?

When a broker's license is revoked, it signifies that the broker is no longer authorized to operate within the real estate industry. This action requires the broker to immediately cease all real estate transactions because their legal ability to conduct business has been revoked. Operating without a valid license is not permitted and can lead to further legal consequences.

While there may be processes in place for a broker to appeal the decision, that does not change the immediate requirement to stop conducting any business in the interim. The ability to appeal or to operate under restrictions may exist as separate considerations, but the revocation itself effectively removes the broker's authority to engage in real estate activities.

In addition, a revoked license cannot be transferred; only active and valid licenses can be assigned or transferred to another party. Therefore, the requirement to cease all transactions when a license is revoked is the primary outcome of such an action.