Under Connecticut General Statutes Chapter 392, CREC has authority to discipline a licensed real estate salesperson for several types of misconduct. Which of the following is NOT a ground for CREC disciplinary action against a Connecticut licensee?
Correct Answer
D) Charging a commission rate higher than the rate recommended by the Connecticut Association of Realtors
Charging a commission rate higher than a rate 'recommended' by the Connecticut Association of Realtors is NOT a ground for CREC disciplinary action. Commission rates in Connecticut are freely negotiable between brokers and their clients; there is no legally mandated or maximum commission rate. The Connecticut Association of Realtors, as a private trade association, does not set legally enforceable commission rates. In fact, any agreement among brokers to fix commission rates would violate federal antitrust law.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
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?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
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- → A Wyoming licensee is reviewing a first-time salesperson applicant asks which prelicense courses are required. What is the best answer?
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