The Louisiana Real Estate Commission is conducting a formal hearing against broker Denise for alleged violations of the license law. After the hearing, the LREC finds Denise guilty and wishes to impose the most severe administrative sanction available. Which of the following represents the maximum disciplinary action the LREC may impose?
Correct Answer
A) Revoke Denise's license and impose a civil fine not to exceed $5,000 per violation
Under La. R.S. 37:1455, the LREC's most severe administrative sanctions include revocation of the license and the imposition of a civil fine not to exceed $5,000 per violation. The LREC may also suspend, place on probation, or reprimand a licensee, but revocation combined with the $5,000 per-violation fine represents the maximum administrative penalty.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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