A licensed Maryland salesperson, Rachel, received a complaint filed with MREC alleging that she misrepresented the condition of a property to a buyer. MREC has the authority to impose which of the following sanctions if Rachel is found to have violated the Maryland Real Estate Brokers Act?
Correct Answer
A) MREC may reprimand Rachel, suspend or revoke her license, impose a civil fine, or require completion of additional education.
Under Md. Code Ann., Bus. Occ. & Prof. § 17-501 et seq., MREC has broad disciplinary authority, including the power to reprimand a licensee, suspend or revoke a license, impose civil monetary fines, and require completion of additional education or training as a condition of continued licensure. These sanctions may be imposed after a hearing process.
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Related Topics & Key Terms
Key Terms:
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.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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