Virginia License Law
The VREB has the authority to do all of the following EXCEPT:
AIssue and renew real estate licenses
BInvestigate complaints and conduct hearings
CSet real estate commission rates charged to the public✓ Correct
DSuspend or revoke licenses
Explanation
VREB cannot set commission rates — commission rates are freely negotiable between brokers and their clients. Antitrust law prohibits industry-wide price fixing.
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