Virginia License Law
A Virginia broker who fails to maintain required trust account records may face which VREB sanction?
AOnly a written warning for a first offense
BLicense suspension, revocation, or a monetary penalty✓ Correct
CMandatory retraining only
DNo sanction unless client funds are missing
Explanation
VREB may impose a range of sanctions for recordkeeping violations, including license suspension, revocation, or civil penalties. Recordkeeping violations are taken seriously because they may indicate or enable trust account mishandling.
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