Failure to disclose legal defects or zoning issues. Misrepresentation of property facts or financial costs.
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Breach of fiduciary duty, such as failing to negotiate in your best interest. These commissions set the rules of engagement and possess the authority to revoke licenses or impose fines.
Reviewing Industry Regulations and Licensing Boards Every state and region maintains specific regulatory bodies that oversee the real estate industry. Most modern regulatory agencies offer online portals for this purpose, streamlining the submission and tracking process.
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A simple disagreement over pricing strategy or marketing approach typically does not constitute grounds for a report. Regulatory bodies are often understaffed and manage numerous cases simultaneously.
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