Saturday, November 8, 2025, 8:46 PM
Site: MLS Campus Inc - Real Estate School
Course: MLS Campus Inc - Real Estate School (MLS Campus)
Glossary: Real Estate Glossary
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Sponsor

An individual or company in charge of finding, acquiring and managing the real estate property on behalf of the partnership

Suspension

A real estate agent's license being temporarily withdrawn. Usually, reactivation is automatic the day after the suspension is lifted.

There are various grounds for suspension, including failure to comply with educational requirements, violation of the law or conduct deemed requirements, violation of the law or conduct deemed unethical by the department. A suspension carries with it a term during which the license may not perform any function that requires a license.