Who has the authority to suspend or revoke a real estate license on Guam?

Prepare for the UOG Real Estate State Exam with our comprehensive quiz. Utilize flashcards and multiple-choice questions, each with hints and explanations. Ace your exam effortlessly!

The authority to suspend or revoke a real estate license on Guam is held by the Real Estate Commission. This body is tasked with overseeing the real estate industry, ensuring that licensees adhere to the laws and regulations that govern real estate practices. The commission is empowered to take action when there is evidence of violations, which may include unethical behavior, fraud, or failings in duty to clients.

While the Governor can exert influence and the Director of Rev and Tax manages tax-related functions, including aspects related to real estate transactions, it is the Real Estate Commission that has the specific authority regarding real estate licensing issues. The Attorney General may assist in legal matters related to enforcement but does not directly handle licensing actions. Hence, the correct answer points to the entity that is directly responsible for regulating and enforcing the standards expected of real estate professionals.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy