Which of the following disciplinary actions is the Rhode Island Department of Business Regulation (DBR) authorized to take against a licensee who violates real estate licensing laws?
Correct Answer
B) Suspend or revoke the licensee's license and impose monetary fines
The Rhode Island Department of Business Regulation (DBR) has the authority to suspend, revoke, or refuse to renew a real estate license, and to impose monetary fines for violations of Rhode Island real estate licensing laws and regulations. The DBR does not have the authority to imprison licensees (that is a criminal court function), set commission rates (which are negotiable by law), or unilaterally void contracts entered into by licensees.
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