A complaint is filed with the Minnesota Department of Commerce alleging that broker Dana misrepresented the square footage of a listed property. After an investigation, the MN DOC determines the complaint has merit. Which of the following disciplinary actions is available to the MN DOC under Minnesota Statutes Chapter 82?
Correct Answer
A) A civil penalty, license suspension, license revocation, or a consent order requiring corrective action
Under Minn. Stat. Ch. 82, the MN DOC has authority to impose a range of administrative disciplinary sanctions, including civil penalties (fines), license suspension, license revocation, and consent orders that require the licensee to take corrective action or complete additional education. These are administrative remedies available to the agency.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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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