Sarah is a licensed Virginia real estate salesperson. She was recently convicted of embezzlement in a Virginia circuit court. Under Virginia License Law, what is the VREB most likely to do upon learning of this conviction?
Correct Answer
C) Initiate a disciplinary proceeding that may result in suspension or revocation of her license
Under Va. Code § 54.1-2130, a criminal conviction involving fraud, dishonesty, or moral turpitude is a statutory ground for VREB disciplinary action. Embezzlement clearly falls within this category. The VREB would initiate a formal disciplinary proceeding, which could result in suspension, revocation, or other sanctions after a hearing.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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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