What authority does the Board of Realty Regulations possess regarding licenses?

The authority of the Board of Realty Regulations extends to various regulatory activities related to real estate practice within Montana. Among these responsibilities, the power to suspend and revoke licenses is a key function. This authority is critical for maintaining the integrity of the real estate profession, ensuring that licensees adhere to ethical and professional standards. If a licensee engages in misconduct or violates regulations, the board can take action to protect consumers and the profession by suspending or revoking a license.

While the board may play a role in oversight when it comes to complaints, the initiation of fair housing complaints against licensees is typically handled by agencies specifically assigned to enforce fair housing laws, rather than being a direct authority of the Board of Realty Regulations itself.

As for issuing judgments to consumers from the real estate recovery account, that responsibility is usually not within the direct scope of the board, which focuses more on regulatory compliance and license management.

Lastly, writing statutory law falls under the jurisdiction of the legislature, not the board, which implements and enforces existing laws rather than creating them. Thus, the ability to suspend and revoke licenses accurately captures one of the board's primary functions within the regulatory framework.