Under Virginia law, the Virginia Real Estate Board (VREB) has broad authority over licensees. Which of the following actions is NOT within VREB's disciplinary powers under Va. Code § 54.1-2100 et seq.?
Correct Answer
C) Sentencing a licensee to imprisonment for fraudulent conduct in a real estate transaction
VREB is an administrative regulatory board and does not have the authority to impose criminal sentences, including imprisonment. Criminal prosecution for fraudulent conduct is the domain of the courts and the Commonwealth's Attorney under Virginia's criminal statutes. VREB's disciplinary powers are administrative in nature: license revocation, suspension, probation, fines, and reprimands — not criminal penalties.
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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.
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