Under the Michigan Occupational Code, Act 299 of 1980, which of the following is NOT a recognized ground for disciplinary action against a Michigan real estate licensee?
Correct Answer
C) Failing to renew a license within 30 days of expiration due to a medical emergency
Under MCL 339.2511, the recognized grounds for disciplinary action include fraud, misrepresentation, commingling, and dishonest dealing, among others. Failing to renew a license within 30 days of expiration due to a documented medical emergency is not itself a disciplinary ground under Act 299; Michigan provides administrative processes for late renewal and reinstatement. While a lapsed license means the individual cannot legally practice, it is treated as an administrative/renewal matter rather than a disciplinary ground in the same category as fraud or commingling.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
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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In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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