The Real Estate License Act

The Real Estate License Act is a set of laws that regulate real estate professionals to ensure ethical standards and protect consumers. It requires individuals selling or negotiating property transactions to obtain a license, demonstrate knowledge of real estate practices, and adhere to specific rules and conduct guidelines. The act also establishes oversight by a regulatory authority, such as a real estate commission, which enforces licensing, handles complaints, and conducts investigations to maintain integrity in real estate transactions. Overall, it aims to promote trust, professionalism, and fairness in the real estate industry.