Unit 1: Penalties For License Law Violations & Termination Flashcards Preview

Minnesota Real Estate Exam > Unit 1: Penalties For License Law Violations & Termination > Flashcards

Flashcards in Unit 1: Penalties For License Law Violations & Termination Deck (4)
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1
Q

What are the 5 situations that require a notice to the Commissioner?

A
  1. Name or address change
  2. Suspension or revocation of any occupational license in any state
  3. Civil judgment
  4. Gross misdemeanor (breaking a law)
  5. Any criminal felony offense
2
Q

Would the Commissioner need to be notified if an agent had a court ordered payment of money?

A

Yes

3
Q

What falls under a criminal felony offense?

A
  • charge
  • conviction
  • plea of no contest
4
Q

What are the 6 penalties for violating Minnesota state license law?

A
  1. Charged with a misdemeanor
  2. Civil fines up to $10,000 per violation
  3. Denial of licensure
  4. License suspension
  5. License revocation
  6. Censure