Michigan License Law
A Michigan broker who knowingly makes a false statement in a real estate transaction may face:
AOnly a civil lawsuit from the client
BLicense suspension or revocation by LARA, fines, and potential criminal liability✓ Correct
CA warning letter from LARA only
DLoss of MLS membership only
Explanation
Knowingly making false statements in a real estate transaction is a serious violation under Michigan's Occupational Code. LARA may suspend or revoke the license, impose fines, and the licensee may also face civil suits and criminal fraud charges.
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