What is the maximum administrative fine per violation?

The maximum administrative fine per violation is set at $5,000. This figure is important as it establishes a baseline for the penalties that can be imposed for violations within the realm of real estate regulation. This fine serves as a deterrent to violations, encouraging compliance with the laws and regulations governing real estate practices.

Understanding this maximum fine is crucial for licensees as it impacts not only the financial consequences of non-compliance but also the overall integrity of the real estate profession. Real estate professionals must be aware of these potential penalties to avoid engaging in practices that could lead to infractions, ensuring they maintain a professional and lawful operating standard in their real estate activities.