Final answer:
The real estate commission has the power to regulate and enforce laws related to real estate transactions and activities. They can investigate and discipline violators who engage in illegal or unethical practices, including revoking licenses, imposing fines, or taking legal action.
Step-by-step explanation:
The real estate commission has the power to regulate and enforce laws related to real estate transactions and activities. They have the authority to investigate and discipline violators who engage in illegal or unethical practices in the real estate industry.
For example, if a real estate agent is found to have misrepresented the facts about a property or engaged in fraudulent practices, the real estate commission can revoke their license, impose fines, or even take legal action against them.
In addition, the real estate commission may also have the power to mediate disputes between parties involved in a real estate transaction, ensuring that the rights and interests of all parties are protected.