Final answer:
Yes, a real estate licensee can be exempt from discipline by the commission when selling property owned by the licensee under certain circumstances.
Step-by-step explanation:
Yes, a real estate licensee can be exempt from discipline by the commission when selling property owned by the licensee under certain circumstances.
For example, if the licensee follows all the necessary legal requirements, fulfills their fiduciary duty to the client, and does not engage in any fraudulent or unethical behavior, they may be exempt from discipline.
However, it is important to note that each state has its own laws and regulations regarding real estate licensing, so it is crucial for licensees to familiarize themselves with the rules in their specific jurisdiction.