Chapter 6 Flashcards by Alex S

Q

What is the penalty for a first-time minor violation?

A

A notice of noncompliance

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Q

What is the penalty for making misleading or false statement on an application for licensure?

A

3rd degree felony

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Q

What is the penalty for conducting unlicensed real estate activities?

A

3rd degree felony

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Q

What is the maximum time a licensee can have his license suspended by the FREC?

A

10 years

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Q

How many days does a licensee have to correct a notice of noncompliance?

A

15 days

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Q

What is the maximum amount the FREC can fine a licensee per offense?

A

$500

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