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What is the difference between suspension and revocation of a real estate license?

  1. Suspension refers to fines; revocation means jail time

  2. Suspension is temporary; revocation is permanent

  3. There is no difference

  4. Suspension is permanent; revocation is temporary

The correct answer is: Suspension is temporary; revocation is permanent

Suspension and revocation are two different forms of disciplinary action that can be taken against a real estate license. Suspension means that the license has been temporarily taken away, while revocation means that the license has been permanently taken away and cannot be regained. Option A is incorrect because suspension and revocation do not necessarily involve fines or jail time. Option C is also incorrect because as explained, there is a clear difference between suspension and revocation. Option D is incorrect because the temporary and permanent aspects of suspension and revocation have been switched.