If a real estate agent fails to renew their license within one year after expiration, which of the following occurs?

When a real estate agent does not renew their license within one year after its expiration, the license is effectively canceled. Cancelation means that the license is no longer valid, and the agent cannot practice real estate until they go through the proper reapplication process. This action is significant because it indicates that the individual has lost their legal authority to act as a real estate professional due to inaction on maintaining their license.

It’s important to note that cancelation typically differs from being made inactive, suspended, or revoked. An inactive license can often be reactivated more easily, a suspension suggests a temporary halt due to certain violations that might allow for future reinstatement, and revocation usually indicates more severe consequences due to misconduct or failure to comply with regulations, which also require a more complex process to regain a license. In this context, because the failure to renew occurred after the one-year grace period, cancelation is the outcome that directly aligns with the situation described.