A complaint is filed with the Connecticut Real Estate Commission (CREC) against Salesperson Thompson for alleged misrepresentation in a residential transaction. After investigation, the CREC determines that Thompson violated CGS Chapter 392. Which of the following disciplinary actions is the CREC authorized to impose?
Correct Answer
B) The CREC may revoke or suspend Thompson's license, impose fines, or require additional education
Under CGS Chapter 392, the Connecticut Real Estate Commission has broad disciplinary authority over licensees. Upon finding a violation, the CREC may revoke or suspend a license, impose civil fines, require completion of additional education or training, issue reprimands, or impose other conditions. These powers allow the CREC to calibrate discipline to the severity of the violation.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
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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