Final answer:
The Maine Real Estate Commission may impose penalties such as fines, license suspensions, and license revocations for violating real estate license law.
Step-by-step explanation:
The Maine Real Estate Commission has the authority to impose certain penalties for violating real estate license law. Some of the maximum penalties that the commission may impose include fines, license suspensions, and license revocations.
For example, if a real estate agent is found guilty of violating the license law, they may face a fine of up to $5,000. The commission may also suspend or revoke the agent's license.
It's important for real estate professionals to understand and abide by the license law to avoid facing these penalties and maintain their professional standing.