What is the maximum civil penalty that the Real Estate Commissioner could impose on a licensee who violates a provision of a statute or rule?

The correct answer reflects the maximum civil penalty that the Real Estate Commissioner may impose on a licensee for violating a statute or rule. In Arizona, the law stipulates that the penalty can be up to $1,000 per violation, providing a clear understanding of the financial consequences that licensees may face if they do not adhere to the established regulations.

This amount is significant within the context of regulatory enforcement, as it serves as a deterrent to violations and encourages compliance among real estate professionals. It’s important for licensees to be aware of these potential penalties, as repeated violations could lead to compounded financial repercussions and may also affect their ability to retain their licenses. Understanding the penalties helps enforce ethical behavior and maintains a standard of professionalism in the industry.

Knowing the correct penalty helps ensure that licensees are adequately informed of the consequences of their actions, promoting a well-regulated real estate market in Arizona.