What action can the Real Estate Commissioner take if broker White does not return the deposit to buyer Farley?

Prepare for the North Carolina Broker Reciprocal Exam. Sharpen your skills with flashcards and multiple-choice questions. Each question offers explanations to ensure clarity and understanding. Get ready to excel!

The Real Estate Commissioner is equipped with the authority to ensure compliance with real estate laws and regulations, specifically regarding the handling of deposits in transactions. When broker White fails to return the deposit to buyer Farley, the Commissioner has the responsibility to uphold the integrity of the real estate profession and protect the interests of consumers.

Investigating the situation is a critical step to determine the facts surrounding the deposit issue. This investigation may involve gathering information from both the broker and the buyer, examining any documentation related to the transaction, and assessing whether broker White has violated any laws or regulations regarding the handling of clients' funds. The investigative process allows the Commissioner to understand the nuances of the case before taking further action, which could include imposing fines, sanctions, or other disciplinary measures if warranted.

This approach not only addresses the specific complaint but also helps maintain overall compliance within the real estate industry, as it leads to better oversight and accountability among brokers. The other options do not align with the Commissioner's role in enforcing laws and protecting consumers in the context of real estate transactions.

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