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Brokerage Standards Manual

Notice of Change: Information in this manual changed when new agency and disclosure rules came into effect on June 15, 2018. Learn more about the new rules.

VIII. Year End Reports and Office Inspections

Addressing Problems Found At The Brokerage

When deficiencies are discovered during the inspection, a copy of the inspection report may be forwarded to the Council’s Compliance Department to determine whether disciplinary action is necessary. The Council has the authority to issue a letter of warning, impose an administrative penalty, order a hearing, charge the brokerage for the cost of the inspection, and/or order a follow-up inspection. If, after a hearing, the Hearing Committee finds that there has been a breach of RESA, the Regulation, the Rules or Bylaws on the part of the brokerage, the managing broker or of a licensee, the Hearing Committee may disicpline the licensees involved.