What is the fundamental purpose of the real estate commission?

The fundamental purpose of the real estate commission is to safeguard the public interest. This role is crucial as the commission is charged with ensuring that real estate transactions are conducted fairly and transparently. By implementing regulations and standards for the industry, the commission helps to protect consumers from unethical practices, fraud, and substandard services.

This oversight fosters trust in the real estate profession, assuring the public that licensed professionals are held to certain ethical and legal standards. Such protection is essential in an industry where significant financial transactions occur, and the risk of exploitation can be high if not adequately regulated.

While disciplinary actions toward licensees and auditing processes also play roles in the broader regulatory framework, their functions are ultimately supportive of the primary goal: to maintain trust and integrity in the real estate market on behalf of the public. Furthermore, limiting the number of licensees is not inherently aligned with safeguarding the public interest; rather, the focus is on the qualifications and conduct of those who practice real estate.