What happens if a broker loses their license?

When a broker loses their license, they lose everything associated with their name on licenses. This means that they can no longer legally engage in any real estate transactions, represent clients, or conduct business under their name. Losing a broker's license can have significant implications, including the inability to collect commissions or represent others in real estate dealings.

In the context of real estate practices, a broker's license is crucial for maintaining legal authority and credibility in the industry. Without this license, the broker cannot fulfill their professional obligations, and all listings, agreements, and other associated business activities become invalid. This effectively means that the broker is cut off from any official business they previously conducted under that license.

The other options do not align with the consequences of losing a broker's license, which emphasizes the gravity of such a situation in the real estate profession. The loss is definitive and impacts all business operations connected to that individual.