What is the status of an exclusive right-to-sell listing if the licensee's real estate license expires?

The status of an exclusive right-to-sell listing when a licensee's real estate license expires can be understood through the relationship between the licensee and their sponsoring broker. When a licensee's license expires, the listing agreement generally does not become invalid immediately. Instead, the agreement remains in effect and is considered a valid listing with the licensee's sponsoring broker.

This is significant because the broker, who is the real estate firm and holds the active license, is responsible for the activities related to the listing. The exclusive right-to-sell listing does not automatically dissolve upon the individual licensee's license expiration, as long as the broker's license remains active. The listing agreement typically stipulates that the broker represents the seller in the transaction, and this relationship is maintained even if the individual agent is no longer licensed. This means that the broker can still facilitate the sale of the property under the terms agreed upon in the listing.

Keeping this in mind, the other choices do not accurately reflect the dynamics of real estate agreements and licensing issues. For instance, the idea that the listing would be voidable by the owner or automatically expire upon the licensee's license expiration fails to recognize the different roles that agents and brokers play in real estate transactions. Additionally