What type of penalty may be imposed by the Commission for violations of laws or rules?

The imposition of administrative fines for violations of laws or rules by the Commission is a specific form of consequence designed to maintain regulatory compliance and ensure adherence to established standards within the real estate industry. Administrative fines are typically monetary penalties levied against individuals or entities for infractions that do not necessarily warrant criminal prosecution. Their purpose is to serve as a deterrent against future violations while also holding violators accountable for their misconduct.

These fines are often determined based on the severity of the infraction, the impact on consumers and the market, and can vary depending on the specifics of the violation. By using administrative fines, the Commission can effectively manage compliance issues in a timely manner without resorting to more extreme measures like criminal sentences or licensing suspensions unless absolutely necessary.

In contrast, civil penalties generally refer to fines imposed through a court judgment for civil wrongdoing, while criminal sentences involve formal judicial penalties for violations of criminal law. Licensing suspensions may also occur due to violations, but they serve as a disciplinary action rather than a direct financial penalty. Administering fines helps ensure that the Commission can efficiently enforce regulations and encourage better practices in the industry.