Colorado License LawIntermediateColorado Exam
A Colorado licensee is found to have made substantial misrepresentations in a transaction. The Real Estate Commission may issue which of the following disciplinary penalties?
AOnly a written warning for a first offense
BCensure, fine, probation, suspension, or revocation of the licenseCorrect
CRevocation only — no lesser penalties are allowed, as a general rule
DCivil fines up to $500 per violation
Why Censure, fine, probation, suspension, or revocation of the license Is Correct
Answer B: Censure, fine, probation, suspension, or revocation of the license
The Colorado Real Estate Commission has a range of disciplinary tools including: censure, fines up to $2,500 per violation, probation, suspension, and revocation. The severity depends on the nature and circumstances of the violation.
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