My time is much better spent working for my other clients, though.I'm not saying your Realtor was or wasn't useless, but don't always let a half-hour of forced inaction fool you!

It implies its in active foreclosure but sale dates aren't set out that far in advance in California so, it's not a foreclosure sale date.

Take a look at an amortization table if you'd like to see this in action.

If a tenant does not clearly terminate the lease, then that inaction can be presumed to be acceptance of the new rent."

I don’t know how it works elsewhere but in Indiana  you do not have to have an assigned broker before you get your license, anyone can go through/pass the course but it will have to be assigned to a broker to legally practice; in the meantime, it can be held with the state as “inactive”. 

As already hinted at by @Ashish Acharya, if you have a lot of rentals throwing off material 'passive activity losses', it might be advisable to strategically invest in activities that throw off passive activity income so the two will net close to zero.Doesn't need to be another rental...any business in which you don't materially participate will do.

I sense some quiet desperation / anxiety in your posts - so go for it in the Spring when market makes it annual upturn in activity. 

@Daniel Raposo Thank you for the info I researched the SouthernCT REIA but I didn't see any scheduled events so I figured they weren't active, but your response sheds some light on that inactivity. 

The cause of any inaction is simply the person not taking the first step toward their goal.

I am an inactive real estate agent, who is thinking about working again as a Realtor, with the intention of becoming a real estate investor too.