What is the term used for the permanent removal of a licensee's operating rights?

Prepare for the Ontario Condominium Management License Test with flashcards and multiple choice questions, each equipped with hints and explanations. Get ready for success!

The term referring to the permanent removal of a licensee's operating rights is "License Revocation." This term indicates that the governing body has made a formal decision to take away the license due to violations or non-compliance with regulatory standards. Revocation is a serious action, suggesting that the licensee can no longer operate in their professional capacity, thereby eliminating their ability to legally engage in the activities associated with that license.

The other terms, while they may sound similar, have different implications. For instance, "License Suspension" typically signifies a temporary cessation of a license's validity, allowing for the possibility of reinstatement after the suspension period ends. "License Termination" might suggest an ending of a contract but does not inherently imply a governmental or authoritative action affecting the license's validity. "License Cancellation" often connotes an administrative process where a license is nullified but may not carry the permanence of revocation. Therefore, revocation is the most appropriate term for the permanent loss of operating rights in this context.

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