How many years must a broker wait to reapply for a license after it has been revoked?

A broker must wait 7 years to reapply for a license after it has been revoked. This waiting period is established to ensure that individuals have sufficient time to reflect on their previous actions and demonstrate a commitment to conducting business ethically in the future. The 7-year duration aligns with many regulatory frameworks that aim to balance the need for accountability with an opportunity for rehabilitation and reintegration into the industry. This period allows for a thorough assessment of the applicant’s qualifications and conduct since the revocation before granting them another chance to be licensed.