What does an unlicensed individual face if reported to the Board of Realty Regulations?

An unlicensed individual who is reported to the Board of Realty Regulations may indeed face the possibility of legal action. This is because practicing real estate without a license is not only against the law but can also lead to significant repercussions, including fines and other legal penalties. The regulatory authority has the power to enforce laws intended to protect consumers and maintain standards in the real estate industry. Therefore, when an unlicensed individual is reported, serious consequences can arise, emphasizing the importance of compliance with licensing requirements in real estate practices.

The other options do not accurately reflect the consequences. For instance, compliance alone does not exempt an unlicensed individual from facing legal action; rather, it is the act of being unlicensed that leads to potential legal problems. Additionally, revocation of existing licenses pertains to individuals who are already licensed and found in violation, while regular inspections of property are not a direct consequence for unlicensed individuals; these inspections are typically relevant to licensed property managers.