What consequence might a licensee face for including deceptive phrases in a purchase agreement?

Including deceptive phrases in a purchase agreement is a serious violation in real estate transactions, including those involving timeshares. Such actions can mislead consumers, damaging their trust and potentially leading to financial harm. As a result, regulatory bodies take these offenses very seriously. One of the most severe consequences a licensee may face for this misconduct is the suspension or revocation of their license. This outcome underscores the importance of ethical practices in the industry, as it protects consumers and upholds the integrity of the real estate profession.

In contrast, receiving a warning from the administrator or losing a commission may not fully address the gravity of including deceptive phrases. These could be seen as less severe consequences in comparison, focusing more on reprimanding than on protecting the consumer. Additionally, the idea that there would be no consequences if the agreement is initialed is misleading; even with initialing, deceptive practices can still lead to significant legal repercussions for the licensee. Thus, the most appropriate consequence for such a serious violation is indeed suspension or revocation of the license.