A licensed real estate agency, 'Immobilier Laval Inc.', currently holds the licence of Mr. Pierre Dubois, a real estate broker. If Immobilier Laval Inc. decides to cease its brokerage activities, what must happen to Mr. Dubois's licence?

Question: A licensed real estate agency, 'Immobilier Laval Inc.', currently holds the licence of Mr. Pierre Dubois, a real estate broker. If Immobilier Laval Inc. decides to cease its brokerage activities, what must happen to Mr. Dubois's licence?

Answer options:

• His licence is automatically suspended until he finds a new agency. ✅ His licence remains active, but he cannot perform brokerage activities until it is attached to another agency.
• He must apply for a new licence from the OACIQ within 30 days.
• His licence is immediately revoked by the OACIQ.

Correct answer: His licence remains active, but he cannot perform brokerage activities until it is attached to another agency.

Explanation: According to the Real Estate Brokerage Act, an individual agency licence is attached to the agency licence. If the agency ceases operations, the individual's licence remains active but cannot be used until re-attached to another agency.