Which statement accurately describes revocation?

Revocation refers to the official cancellation of a real estate license, which signifies that the individual is no longer authorized to practice real estate or engage in related activities. This action is typically taken as a result of serious violations of law or professional conduct standards, and it permanently removes the licensee's ability to operate in the field.

This process is a severe disciplinary measure compared to other actions such as suspension, which only temporarily halts a licensee's ability to practice. Unlike reassignment, which involves transferring the license to another individual, revocation means the original holder is no longer recognized by the licensing authority at all. Additionally, revocation is not limited to affecting a specific classification of the license, such as residential; it impacts the entire real estate license held by the individual. Thus, the choice accurately captures the essence of what revocation entails in the context of real estate licensing.