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Practice Of Real EstateLicense LawHARD

A complaint is filed with the Colorado Real Estate Commission (CREC) alleging that Broker Associate Angela engaged in misrepresentation during a transaction. After investigation, CREC finds the complaint has merit. Which of the following disciplinary actions is CREC authorized to impose under Colorado law?

Correct Answer

A) CREC may impose a civil fine, require remedial education, suspend Angela's license, or revoke Angela's license

Under C.R.S. § 12-10-217, the Colorado Real Estate Commission has broad disciplinary authority, including the power to impose civil fines, require completion of additional education, place a license on probation, suspend a license for a specified period, or revoke a license entirely. CREC may impose these sanctions administratively without requiring a separate court order, as the Commission functions as an administrative regulatory body with its own enforcement authority.

Answer Options
A
CREC may impose a civil fine, require remedial education, suspend Angela's license, or revoke Angela's license
B
CREC may only refer the matter to the Colorado Attorney General for criminal prosecution
C
CREC may impose a fine but may not suspend or revoke a license without a court order
D
CREC may issue a public censure but must obtain approval from the Colorado legislature before revoking a license

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Related Topics & Key Terms

Key Terms:

disciplinary_actioncrec_authoritylicense_revocationlicense_suspensionmisrepresentation

Related Concepts

Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.

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.

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