The Wyoming Real Estate Commission is conducting a formal hearing against a licensee accused of misrepresenting property conditions to a buyer. After the hearing, the Commission determines that disciplinary action is warranted. Which of the following actions is the WREC authorized to take under Wyoming law?
Correct Answer
B) Suspend the license, revoke the license, or impose a civil penalty against the licensee
Under W.S. 33-28-301 and the Wyoming Real Estate License Act, the WREC has authority to suspend a license, revoke a license, place a licensee on probation, issue a letter of reprimand, and impose civil monetary penalties. These are the administrative remedies available to the Commission following a disciplinary hearing.
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Related Topics & Key Terms
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Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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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