Which of the following disciplinary actions can the Alaska Real Estate Commission (AREC) impose on a licensee found guilty of a violation?
Correct Answer
B) Suspend, revoke, or impose fines on the licensee
AREC has the authority to suspend or revoke a license, impose fines, require additional education, and place a licensee on probation. AREC cannot imprison licensees, issue criminal indictments, or directly order civil damages — those actions are handled by the courts under Alaska law. AREC's authority is limited to administrative and licensing disciplinary actions.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
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.
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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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?
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