What is the maximum administrative fine per day imposed by the West Virginia Real Estate Commission for violations?

The maximum administrative fine that can be imposed per day by the West Virginia Real Estate Commission for violations is $1,000. This amount serves as a deterrent against non-compliance with real estate regulations and emphasizes the importance of adhering to the established laws and guidelines in the industry.

Setting the fine at this level helps maintain the integrity of the real estate profession in West Virginia, encouraging licensees to operate within the legal framework. By having a substantial financial consequence for violations, the commission aims to promote ethical practices and protect consumers, ensuring that real estate transactions are conducted fairly and transparently.

The other amounts, while significant, do not reflect the established maximum as determined by the regulations governing the West Virginia Real Estate Commission. Familiarity with this regulation is crucial for real estate professionals operating in the state, as it underscores the importance of compliance and the potential repercussions of non-adherence.