What is a potential consequence for a license holder not following disclosure requirements?

Not adhering to disclosure requirements can result in the revocation of a real estate license because regulatory bodies prioritize transparency and ethical practices in real estate transactions. Disclosure requirements are in place to protect consumers by ensuring they have access to all relevant information that may affect their decision-making process regarding a property. When a license holder fails to meet these obligations, it undermines the integrity of the profession and can lead to legal repercussions. Regulatory agencies or boards that oversee real estate practices have the authority to revoke licenses as a form of enforcement against unethical behavior, thereby maintaining the trust and safety of all participants in the real estate market.