What must a licensee do if they no longer wish to practice real estate?

When a licensee no longer wishes to practice real estate, they are required to submit their license for cancellation. This formal step allows the regulatory authority to update its records and ensures that the licensee is no longer recognized as an active participant in the industry. Cancelling the license reflects the licensee's decision to stop engaging in real estate transactions and fulfills the legal requirements set by regulatory agencies.

Choosing to request a voluntary inactive status, on the other hand, would mean the licensee wishes to pause their practice while still maintaining their license. This option keeps their license active but not in use, which is not the correct course of action for someone who intends to completely stop practicing.

Renewing the license indefinitely is not applicable, as licenses typically require renewal within specified periods to keep them active. This choice would imply a desire to maintain the status as an active licensee.

Transferring the license to another broker also doesn't align with the scenario of wanting to cease practice entirely. This option would still keep the licensee in the real estate profession under a different broker, rather than removing their status from the industry altogether.