A licensed real estate agent in Arkansas has been found guilty of misrepresenting the condition of a property to a buyer. Which of the following actions is the Arkansas Real Estate Commission authorized to take against this licensee?
Correct Answer
B) Revoke or suspend the license and impose an administrative fine
Under Ark. Code Ann. § 17-42-401 and § 17-42-402, AREC has the authority to revoke or suspend a license, place a licensee on probation, and impose administrative fines for violations such as misrepresentation. These are the Commission's core disciplinary powers as an administrative body.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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