Tennessee Real Estate Exam Practice Question
If the Real Estate Education and Recovery Fund pays damages for a licensee's violation the most severe action the Commission can take against that licensee is
Correct Answer: A
Rationale: Option A accurately reflects the most severe consequence for a licensee when the Real Estate Education and Recovery Fund compensates for damages due to their violation. Revocation of the license, coupled with the requirement to repay the fund with interest, underscores the seriousness of the offense and ensures accountability.
Option B suggests probation, which is a less severe action than revocation and does not address the financial restitution required.
Option C indicates a five-year waiting period for reapplication, but it does not encompass the necessity of repayment, which is critical.
Option D's permanent revocation is overly punitive and does not align with the requirement for potential reinstatement after fulfilling financial obligations.
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