Final answer:
A formal complaint is filed after an investigation of misconduct, and the AREC will notify involved parties in writing. Formal reports are structured and detail-oriented.
Step-by-step explanation:
When an investigation reveals misconduct, a formal complaint is filed and the AREC will notify the licensee and the broker in writing. Formal reports are crucial in various fields including business, social sciences, and technical areas. They are structured documents used to present research findings or analyses.
These reports are detailed, follow a clear format, and are often accompanied by headings and full references. In educational settings, students are tasked to prepare formal reports which may involve conducting research, organizing information, and adhering to specific guidelines provided by their instructor.