Practice Of Real EstateFrec RulesMEDIUM
FREC can impose a fine up to:
Correct Answer
B) $5,000 per offense
FREC can impose fines up to $5,000 for each count or offense.
Answer Options
A
$1,000 per offenseB
$5,000 per offenseC
$10,000 per offenseD
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Related Concepts
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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