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Practice Of Real EstateFair HousingEASY

A WY licensee violating fair housing may face:

Correct Answer

A) License discipline and civil liability

Licensees face discipline and liability.

Answer Options
A
License discipline and civil liability
B
No consequences
C
Only federal penalties
D
Only warnings
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Related Topics & Key Terms

Related Topics:

fair-housing-protected-classeslicense-discipline-proceduresadvertising-compliance

Key Terms:

fair housing violationlicense disciplinecivil liabilityWyoming Real Estate Commissionprofessional consequences

Related Concepts

Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.

Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.

Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.

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