What is the primary function of the Real Estate Commission regarding disputes?

The role of the Real Estate Commission primarily centers around overseeing the conduct of licensed real estate professionals and ensuring compliance with established laws and regulations. One of their key responsibilities is to adjudicate disputes that arise between licensees, including issues concerning unethical behavior, violations of real estate laws, or disagreements related to transactions. By adjudicating these disputes, the Commission maintains integrity in the real estate market and protects the interests of both consumers and professionals within the industry.

While mediation of negotiations between buyers and sellers might be beneficial, it is not primarily the Commission's function; rather, such mediation usually occurs outside regulatory bodies, often through trained mediators or legal professionals. Issuing new real estate licenses is indeed part of the Commission's responsibilities, but this function does not involve managing disputes. Setting commission rates for real estate transactions is also not within the Commission's purview, as commission rates are typically determined by market forces and the agreements made between parties. Thus, adjudication of disputes between licensees stands out as the primary function reflecting the Commission's role in maintaining professional standards within the industry.