What powers does the real estate commission have?

The real estate commission is empowered to close developments and impose fines on licensees for various violations of real estate law and regulations. This authority is essential for enforcing compliance and maintaining ethical standards within the real estate industry. By closing developments that do not adhere to necessary regulations or licensing requirements, the commission ensures that consumer protections are upheld and that the integrity of the housing market is preserved. Additionally, the ability to fine licensees serves as a deterrent against unethical practices, encouraging adherence to the laws governing real estate transactions.

In contrast, while the commission may be involved in educational efforts, its primary mission extends beyond just educating licensees. Approving all real estate transactions is also outside the commission's scope, as it does not have the jurisdiction to pre-approve individual transactions. Finally, promoting new real estate programs may be part of its broader goals, but it is not one of the core powers specifically granted to the commission. Thus, the focus on enforcement through closing developments and fining licensees highlights the commission's regulatory role in the real estate market.