Cancel the license
Issue a duplicate license
Renew the existing license
Take some fees from the agent
Answer is Right!
Answer is Wrong!
The correct answer is A. Cancel the license.
Criminal misappropriation is a serious offense that can result in the loss of a license. When an agent is found guilty of criminal misappropriation, the designated person will cancel their license. This means that the agent will no longer be able to practice their profession.
Option B is incorrect because a duplicate license would not be issued to an agent who has been found guilty of criminal misappropriation.
Option C is incorrect because a license cannot be renewed if the agent has been found guilty of criminal misappropriation.
Option D is incorrect because the designated person will not take any fees from the agent.