Under Wisconsin Statutes Chapter 452 and REEB regulations, which of the following is NOT a ground upon which REEB may discipline a Wisconsin real estate licensee?
Correct Answer
D) Accepting a commission that is lower than the customary rate in the local market area
Under Wisconsin Statutes Chapter 452 and REEB disciplinary authority, accepting a commission below the prevailing or customary market rate is NOT a disciplinary ground. Commission rates in Wisconsin are freely negotiable between brokers and their clients — there is no minimum commission requirement, and charging below-market rates is not a violation. In fact, mandating minimum commission rates would raise antitrust concerns under federal law. REEB has no authority to discipline a licensee for negotiating a lower commission.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
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.
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