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AgencyLicensing RegulationEASY

Which of the following disciplinary actions is the Maine Real Estate Commission (MREC) authorized to impose on a licensee?

Correct Answer

B) Suspend, revoke, or impose fines on a licensee's license

The Maine Real Estate Commission (MREC) has the authority to impose administrative disciplinary actions, including suspending or revoking a license and levying civil fines. The MREC cannot set commission rates (which would violate antitrust law), sentence anyone to imprisonment, or directly file criminal charges — those are functions of the courts and law enforcement.

Answer Options
A
Set mandatory commission rates for all licensees
B
Suspend, revoke, or impose fines on a licensee's license
C
Sentence a licensee to imprisonment
D
File criminal charges directly against a licensee

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Related Topics & Key Terms

Related Topics:

disciplinary-processadministrative-agencyappeal-rights

Key Terms:

MRECsuspendrevokefinenot imprison

Related Concepts

An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.

The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.

The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.

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