Question

If a licensee has violated the license law, what is the maximum monetary penalty the Real Estate Commission may impose?

A) $1,000
B) $5,000
C) $10,000
D) $50,000

Answer 1

The maximum monetary penalty the Real Estate Commission may impose on a licensee who has violated the license law is $10,000.

Step-by-step explanation:

The maximum monetary penalty the Real Estate Commission may impose on a licensee who has violated the license law is $10,000 (option C).

It is important for licensees to comply with the license law to maintain the integrity of the real estate profession and protect the interests of the public. A violation of the license law can range from engaging in fraudulent activities to unethical conduct.

By imposing a substantial monetary penalty, the Real Estate Commission aims to deter licensees from committing violations and ensure accountability within the industry.