Maine License Law
A Maine real estate licensee who is found to have engaged in fraud may face which penalty from the MREC?
AA verbal warning only
BLicense suspension or revocation✓ Correct
CA mandatory refresher course only
DNo penalty if the client was not harmed financially
Explanation
The MREC has authority to suspend or revoke a real estate license for fraud, misrepresentation, or other violations of Maine license law. Serious violations may also result in criminal charges.
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