Which of the following disciplinary actions can the Montana Board of Realty Regulation (MBRR) impose on a licensee?
Correct Answer
B) Suspend, revoke, or impose fines on a licensee for violations
The Montana Board of Realty Regulation (MBRR) has the authority to impose administrative disciplinary actions including suspending or revoking a license and levying fines against licensees who violate Montana real estate law. The MBRR cannot set commission rates (which would violate antitrust law), impose criminal imprisonment (a function of the courts), or void private contracts between parties.
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Related Topics & Key Terms
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Related Concepts
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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