RES exam question on Regulation & the CEA Framework: A salesperson is the subject of a complaint to CEA alleging that he breached the conduct…
A salesperson is the subject of a complaint to CEA alleging that he breached the conduct rules. CEA commences disciplinary proceedings and is considering sanctions. Which is/are correct? (i) CEA can take disciplinary action against errant salespersons/agencies (ii) Sanctions may include financial penalties, suspension or revocation of registration (iii) A salesperson is subject to a Disciplinary/professional conduct framework (iv) CEA has no power to impose any penalty on a registered salesperson
- A(i), (iii) and (iv) only
- B(i) only
- C(ii) and (iii) only
- D(i), (ii) and (iii) only
Show answer & explanation
Answer
D. (i), (ii) and (iii) only
Explanation
(i) is correct: CEA is the regulator and can take disciplinary action against errant salespersons and agencies. (ii) is correct: sanctions available range from financial penalties to suspension or revocation of registration. (iii) is correct: salespersons operate under a professional conduct and disciplinary framework administered by CEA. The correct set is (i), (ii) and (iii) only.
Why the other options are wrong
- (iv) is wrong: CEA clearly has the power to impose penalties, so the claim that it cannot is false.
Study the concept behind this question: Estate Agent Licensing vs Salesperson Registration (CEA)
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