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Discipline situations -related to REDMA- for the licensee? RDFMC

A) Regulatory, Duty, Financial, Misrepresentation, Conduct
B) Real Estate, Disclosure, Fraud, Misrepresentation, Compliance
C) Recordkeeping, Disclosure, Fraud, Misrepresentation, Compliance
D) Remediation, Disclosure, Fraud, Misrepresentation, Compliance

User Tony Lin
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Final answer:

The correct acronym RDFMC related to discipline situations for a licensee under REDMA is Real Estate, Disclosure, Fraud, Misrepresentation, Compliance.

Step-by-step explanation:

Discipline situations related to the Real Estate Development Marketing Act (REDMA) for the licensee can include a range of issues that are vital for maintaining ethical standards and compliance within the real estate industry. The correct option regarding the acronym RDFMC is: B) Real Estate, Disclosure, Fraud, Misrepresentation, Compliance. This encompasses the broad areas in which a licensee must maintain diligence:

  • Real Estate - adherence to rules and standards specific to the industry.
  • Disclosure - accurate and full disclosure of relevant information.
  • Fraud - avoidance of deceitful practices.
  • Misrepresentation - ensuring all representations are accurate and truthful.
  • Compliance - adherence to laws, regulations, and ethical standards.
User Eriko
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