Under Delaware license law, the Delaware Real Estate Commission (DREC) has authority to impose disciplinary action against a licensee for several types of conduct. Which of the following is NOT a recognized ground for disciplinary action under 24 Del. C. Chapter 29?
Correct Answer
D) Refusing to join the National Association of Realtors
Refusing to join the National Association of Realtors (NAR) is NOT a ground for disciplinary action by DREC. NAR membership is a voluntary professional affiliation and is entirely separate from the state licensing system governed by 24 Del. C. Chapter 29. DREC has no authority to discipline a licensee for declining to join a private trade association.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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.
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