Under C.R.S. § 12-10-217, which of the following is NOT listed as a ground for disciplinary action against a Colorado real estate licensee by the Colorado Real Estate Commission?
Correct Answer
D) Failing to renew a National Association of Realtors membership within the required annual period
Membership in the National Association of Realtors (NAR) is a voluntary professional affiliation and is not a requirement under Colorado license law. CREC has no authority to discipline a licensee for failing to maintain NAR membership, because NAR membership is entirely separate from the state licensing system administered by CREC under C.R.S. § 12-10-201 et seq. CREC's disciplinary jurisdiction extends only to violations of Colorado license law and CREC rules, not to private association membership.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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