Agency
When a Texas sales agent's sponsoring broker dies or loses their license, the sales agent's license automatically becomes:
AVoid and the agent must retake the exam
BInactive and the agent must find a new sponsoring broker✓ Correct
CActive for 90 days to complete pending transactions
DTransferred to the nearest associate broker
Explanation
When a sponsoring broker's license is terminated, the sponsored sales agents' licenses become inactive. The agents cannot perform real estate activities until they find a new sponsoring broker and have their license reactivated under the new broker. Pending transactions must be handled carefully during this transition.
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