A Louisiana licensee encounters the Commission finds grounds for discipline. What should the licensee remember?
Correct Answer
D) The Commission may suspend or revoke licenses, registrations, and certificates
La. R.S. 37:1435 authorizes LREC to suspend or revoke licenses, registrations, and certificates. Source basis: Louisiana Legislature official La. R.S. 37:1432, 37:1433, 37:1434, and 37:1435; LREC License Law page cross-check; checked 2026-04-30.
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Related Topics & Key Terms
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Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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