Final answer:
After the completion of all hearings and appeals, a broker or sales agent must pay interest on any funds owed. This interest acts as a penalty for late payment and follows a specified rate.
Step-by-step explanation:
Once all hearings and appeals have been completed, a broker or sales agent will have to start paying interest on any owed funds. Typically, this interest is a penalty for late payment and is often set at a predetermined rate. It is essential for licensed individuals in the real estate industry to understand the financial and legal consequences of not fulfilling monetary obligations promptly.