Louisiana License Law
A Louisiana real estate licensee who has been found guilty of commingling client funds may face which of the following LREC penalties?
AMandatory continuing education only
BA written reprimand only
CLicense suspension, revocation, or both, plus possible fines✓ Correct
DOnly a civil fine imposed by a court
Explanation
Commingling client funds with personal funds is a serious violation of Louisiana License Law. The LREC can impose license suspension, revocation, fines, or a combination of penalties.
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