Alabama License LawIntermediateAlabama Exam
An Alabama licensee who is found guilty of fraud in a real estate transaction may be subject to which penalties from AREC?
AA verbal warning only
BLicense revocation, suspension, fines, and possible referral for criminal prosecutionCorrect
COnly a $100 fine
DRequired retaking of pre-license education, as is typically expected in this situation
Why License revocation, suspension, fines, and possible referral for criminal prosecution Is Correct
Answer B: License revocation, suspension, fines, and possible referral for criminal prosecution
AREC has broad disciplinary authority. Fraud is a serious violation that can result in license revocation or suspension, civil fines, and referral to law enforcement for criminal prosecution.
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State-Specific Concepts
Pre-License EducationAREC Regulation
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