Pennsylvania License Law
What is the maximum fine PREC may impose per violation for a Pennsylvania real estate licensee?
A$500
B$1,000
C$2,500✓ Correct
D$5,000
Explanation
Under RELRA, PREC may impose civil penalties of up to $2,500 per violation against licensees for violations of the act or PREC regulations. In addition to fines, PREC may suspend or revoke licenses, require restitution, and mandate additional education. Serious violations may also be referred for criminal prosecution.
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