The Maine Real Estate Commission receives a complaint alleging that a licensed broker engaged in misrepresentation during a residential sale. Which of the following actions is within MREC's statutory authority in response to this complaint?
Correct Answer
A) Impose a civil fine, suspend or revoke the license, and require restitution to the harmed party
Under 32 M.R.S. § 13218, MREC has the authority to impose civil penalties (fines), suspend or revoke a real estate license, and order restitution as part of its disciplinary powers. These administrative remedies are within the Commission's statutory authority following a hearing process.
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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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