Marcus, a licensed Arkansas real estate salesperson, is reviewing the possible consequences his broker could face after AREC investigated a fair housing complaint and determined the broker had engaged in discriminatory practices. Which of the following is NOT a disciplinary action that AREC is authorized to impose on an Arkansas licensee found to have violated the Arkansas Fair Housing Act?
Correct Answer
D) Imposition of a criminal jail sentence on the broker without referral to a court
AREC is an administrative licensing body and does not have the authority to impose criminal penalties such as a jail sentence. Criminal prosecution for fair housing violations must be referred to and handled by the appropriate court system. AREC's disciplinary authority is limited to administrative sanctions against a licensee's license, such as suspension, revocation, fines, and remedial education requirements, under Ark. Code Ann. § 17-42-101 et seq. and AREC Rules.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
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