Can a broker or agent receive compensation for brokerage activities during the period of license cancellation?

The correct answer is that a broker or agent can receive compensation for brokerage activities if the cancellation was earned prior to the effective cancellation date. This means that if the work or brokerage activities that led to the compensation took place while the license was still valid, the agent or broker is entitled to receive payment for that work even after the license has been canceled.

Compensation is based on the work completed and transactions processed before the actual cancellation occurred. It is important to differentiate between activities performed before and after the cancellation, as only those completed during the period of a valid license can be compensated. This aligns with regulatory practices that allow agents to be compensated for work done legally and ethically while they were still licensed.

This understanding emphasizes the necessity for agents and brokers to manage the status and timing of their licenses carefully, as any activities or agreements made post-cancellation would not qualify them for compensation.