Salesperson Olivia holds an active New Hampshire license under broker Frank. Olivia is convicted of a felony involving financial fraud unrelated to real estate. Frank immediately terminates Olivia's affiliation with his brokerage. Olivia believes that because the felony was not real-estate-related and she is no longer affiliated with Frank, the Commission has no grounds to discipline her license. Under RSA Chapter 331-A, which of the following is the most accurate assessment of Olivia's belief?
Correct Answer
A) Olivia is incorrect; RSA 331-A:26 includes conviction of a felony as a ground for Commission discipline regardless of whether the crime relates to real estate
RSA 331-A:26 expressly includes conviction of a crime as a ground for Commission disciplinary action, and this is not limited to crimes related to real estate. A felony conviction involving financial fraud demonstrates a lack of trustworthiness directly relevant to fitness for licensure, even if the crime did not occur in a real estate context. The Commission retains jurisdiction over Olivia's license regardless of her current brokerage affiliation status.
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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?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
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- → A responsible broker in Wyoming asks about the Commission director receives a complaint about real estate practice. Which answer follows Wyoming law?
- → For the Wyoming salesperson state portion, a first-time Wyoming salesperson applicant starts the application process. Which statement is correct?
- → A Wyoming licensee is reviewing all first-time salesperson steps are otherwise complete. What is the best answer?
- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
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- → A Wyoming licensee is reviewing a first-time salesperson applicant asks which prelicense courses are required. What is the best answer?
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