If a broker closes a branch office, what happens to its registration?

When a broker closes a branch office, the registration associated with that specific branch office is permanently canceled. This is because each branch office holds its own registration, which is contingent upon the office being operational. When the office ceases to function, the registration loses its validity and cannot simply be transferred or reissued without going through proper channels.

In this context, transferring the registration to another location may imply that the office is still active, which is not the case after a closure. Similarly, options regarding suspension or reissuance without additional fees do not apply here, since the registration is not just inactive; it is officially canceled due to the closure of the office. Understanding the permanence of this cancellation is crucial for brokers and real estate professionals in managing their business operations effectively.