What is the status of a person's license after a claim has been paid from the Real Estate Recovery Fund?

An active license indicates that the individual is authorized to engage in real estate activities. However, once a claim is paid from the Real Estate Recovery Fund, the license cannot remain active as the individual is required to address the financial obligation to the fund before resuming practice.

An inactive status means the licensee is not currently permitted to conduct real estate business but has not lost their license. However, following a payment from the Recovery Fund, the license is not merely inactive; it is suspended due to the obligation to reimburse the fund, which is a more serious status.

Reinstatement refers to the restoration of a license after a period of suspension or inactivity. In this case, the license is not reinstated immediately after payment; instead, it is suspended, indicating that further action and reimbursement are necessary before reinstatement can occur.