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Practice Of Real EstateLicense LawMEDIUM

The Indiana Real Estate Commission is reviewing a complaint against broker Sandra, who allegedly mishandled client funds. Which of the following actions is IREC authorized to take if Sandra is found guilty of a violation under IC 25-34.1?

Correct Answer

D) Revoke or suspend Sandra's license, impose a civil penalty, and require additional education

Under IC 25-34.1-6, IREC has the authority to impose administrative disciplinary actions including license revocation, suspension, probation, civil penalties, and mandatory education or rehabilitation. These are administrative (not criminal) remedies within IREC's regulatory authority. IREC can also refer matters to the Attorney General for further action.

Answer Options
A
File a civil lawsuit against Sandra in Indiana Superior Court on behalf of the affected client
B
Seize Sandra's business assets and distribute funds directly to the harmed client
C
Impose a criminal fine of up to $10,000 and order up to 90 days of imprisonment
D
Revoke or suspend Sandra's license, impose a civil penalty, and require additional education

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Related Topics & Key Terms

Key Terms:

irec_authoritydisciplinary_actionlicense_revocationcommission_powers

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.

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