What happens to an agent's registration if it is not renewed by the deadline?

When an agent fails to renew their registration by the established deadline, the registration is typically terminated by the Administrator. This action is a regulatory measure that ensures only compliant and properly licensed individuals are permitted to operate in the financial services industry. It serves to protect the integrity of the market and the interests of clients by maintaining a standard for registration and oversight.

Upon the termination of the registration, the agent would not be able to legally engage in activities that require an active registration until they complete the renewal process. This safeguard helps maintain regulatory standards and compliance within the industry, ensuring that all practicing agents are up-to-date with their licensing requirements.

The other choices do not accurately reflect the consequences of not renewing an agent's registration in this context. The notion of a permanent ban or receiving a warning does not typically align with standard regulatory practices regarding registration lapses, nor is automatic renewal a possibility if the deadlines are not met.