ROLE OF THE COMMISSION 2026/2027 || VERIFIED QUESTIONS &
ANSWERS || HIGH-YIELD LICENSING & COMPLIANCE REVIEW || LEGAL
RESPONSIBILITIES, ENFORCEMENT & ETHICS || COMPLETE STUDY
GUIDE || EXAM-READY TEST BANK || GRADED A+
license laws exist to protect: - CORRECT ANSWER - -buyers
-sellers
-tenants
-land and building owners
License laws ensure professional standards by: - CORRECT ANSWER - -
establishing basic education and experience requirements
-defining activities that require a license
-describe standards of conduct
-enforce standards of conduct through penalties, sanctions, and license denial
AL license law covers these specific areas: - CORRECT ANSWER - -law of
contracts
-general property law
-law of agency
-landlord-tenant laws
-consumer protection laws
Law of contracts - CORRECT ANSWER - governs the use of contracts and
the elements required tp make a contract valid.