What is a common consequence if a licensee induces a party to breach their contract?

Prepare for the New Brunswick Salesperson Test. Enhance your study experience with flashcards and multiple choice questions. Each question offers detailed hints and explanations. Gear up for your successful exam!

If a licensee induces a party to breach their contract, one of the primary consequences is that they may face penalties or disciplinary actions. This is because inducing a breach of contract is generally considered an unethical practice and can violate laws or ethical standards established by regulatory bodies. Such actions compromise the integrity of the real estate profession and can lead to legal repercussions including sanctions from a licensing authority, damage to the licensee's reputation, and potential financial liability to the affected parties. Therefore, maintaining ethical conduct in real estate transactions is crucial and violations can have serious implications for a licensee's career.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy