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The real estate commissions are official state bodies which license
and regulate the real estate profession. Generally, they provide
resources and testing services for real estate practitioners and
appraisers, as well as information and services for consumers.
However, real estate commissions do not exist in all 50 states of the USA.
A Note on Regulatory Bodies
As regulatory bodies, the role of these commissions is not to protect
the industry or the profession that it regulates nor to protect
consumers. It is not the role of regulators to be advocates for
either a profession or consumers. The role of the regulators is
rather to protect the public interest.
Protecting the public interest means assuring every individual's right
to justice and equal opportunity. Therefore, the public interest
demands that regulators use their best efforts to achieve impartiality.
- Regulators protect the public interest when they
deny the right to practice to the incompetent and unscrupulous.
- Regulators protect the public interest when they
eliminate barriers that unreasonably limit entry into a field of
practice.
- Regulators protect the public interest when they refuse
to use licensing or registration laws to settle private disputes.
- Regulators protect the public interest when they refuse
to use licensing or registration laws to advance the interest
of private trade associations.
- Regulators protect the public interest when they
encourage free and open markets.
Most states in the USA maintain formal real estate commissions, but some
states regulate the practice of real estate less formally. For each
state, the commission or other body which regulates real estate issues
is identified below with a title and corresponding link.
State Real Estate Commissions
DC Real Estate Commission
State Real Estate Commissions
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