Tennessee Real Estate License Exam Practice Question
If the real estate education and recovery account pays damages resulting from the actions of a real estate licensee, what is the most severe action that the Real Estate Commission may take against that person's license?
Correct Answer: A
Rationale: Option A accurately reflects the severe consequences for a real estate licensee whose actions lead to damages paid from the education and recovery account. Revocation of the license, coupled with the requirement to repay the fund with interest, underscores the gravity of the misconduct and ensures accountability.
Option B is incorrect as probation does not represent the most severe action; it is a less punitive measure that allows the licensee to retain their license under certain conditions.
Option C misstates the duration of ineligibility for a new license, which is not the primary focus of the action taken against the license.
Option D suggests a permanent revocation, which is not standard practice in most jurisdictions, as there is typically a path for reinstatement after fulfilling specific conditions.
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