Question

An administrative complaint is issued against a broker for failure to properly maintain his escrow account. the attorneys for the dre and the broker's attorney reach an agreement as to the penalty for the license law violation. this agreement is called a

Answer 1

Stipulation

Step-by-step explanation:

Stipulation is an arrangement between parties involved in a legal case before the court hearing where agreement is made about certain situations.It can also occur during a contract agreement where terms and conditions are agreed upon.

The agreement between the attorneys concerning the penalty for the license law violation is an example of a stipulation agreement

Answer 2

The agreement is not ethical and is considered to disobey the Uniform Standards of Professional appraisal. This is because the broker failed to comply his duty of maintaining the account of the customer. This is a heavy case since the broker can be sentenced with thievery and the worst case is that his license may be revoked.