Broker Marcus is found guilty of a disciplinary violation by LARA-BPL. Which of the following penalties can LARA-BPL impose on Marcus under the Michigan Occupational Code?
Correct Answer
B) Civil fine, suspension or revocation of license, and required restitution
Under MCL 339.2511 and the broader Michigan Occupational Code, LARA-BPL has authority to impose administrative penalties including civil fines, license suspension or revocation, probation, and orders of restitution. These are administrative (not criminal) remedies available to the Bureau for disciplinary violations.
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Related Topics & Key Terms
Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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