Wisconsin License Law
A Wisconsin licensee acting as a property manager who fails to maintain proper trust account records is subject to:
AA warning letter on first offense
BDisciplinary action by REEB including fines, suspension, or revocation✓ Correct
CReferral to DATCP only
DCriminal prosecution only
Explanation
Failure to maintain proper trust account records is a violation of Wisconsin license law; the REEB may impose fines, suspension, or revocation of the broker's license.
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State-Specific Concepts
Trust Account RulesLicense Law
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