What is the primary role of the commission in relation to real estate transactions?

The primary role of the commission in relation to real estate transactions is to enforce ethical standards and licensing requirements. This regulatory body is responsible for overseeing real estate practices within the state, ensuring that real estate professionals comply with laws and regulations. By maintaining ethical standards, the commission protects consumers, promotes fair dealings, and fosters trust within the marketplace.

Through its enforcement of licensing requirements, the commission ensures that all practicing agents and brokers possess the necessary knowledge and qualifications to conduct real estate transactions lawfully and competently. This includes handling licenses, providing guidance on ethical and professional practices, and administering disciplinary actions when necessary. This essential oversight helps to maintain a high standard within the industry, ultimately benefiting both consumers and real estate professionals.

Other functions, such as facilitating sales and purchases or providing training to agents, may occur within the industry but are not the commission's primary responsibilities. Similarly, granting financial aid to homeowners does not fall within the purview of the commission's role, which focuses more on regulatory and enforcement aspects of real estate practice.