Question

What is the maximum fine for a person who violates the license law by selling real estate without a license, on a first offense?

a. a $2500 fine and six months in jail.
b. a $2500 fine or six months in jail.
c. a $1000 fine and one year in jail.
d. a $1000 fine or one year in jail.

Answer 1

The maximum fine for selling real estate without a license on a first offense is a $2500 fine or six months in jail.

Step-by-step explanation:

The maximum fine for a person who violates the license law by selling real estate without a license, on a first offense, is a $2500 fine or six months in jail. This means that the person may be required to pay a fine of $2500 or serve a sentence of six months in jail, or both. The specific penalty may vary depending on the state or jurisdiction.