What does revocation mean in the context of a real estate license?

Revocation in the context of a real estate license refers specifically to the official cancellation of the license, which means that the individual is no longer authorized to practice as a real estate agent or broker. This action can occur due to various reasons, such as failing to comply with legal requirements, ethical violations, or not meeting continuing education mandates. When a license is revoked, the licensee loses all rights and privileges associated with that license, and they must cease all real estate activities immediately.

The other options relate to different processes or actions regarding a real estate license but do not accurately define revocation. For instance, renewal involves extending the validity of a current license, while transfer refers to changing ownership of the license to another individual. An extension due to a violation suggests a temporary allowance or modification of terms rather than outright cancellation. Thus, the correct understanding of revocation is crucial for those involved in real estate to recognize the seriousness of maintaining proper conduct and compliance with state regulations.