To limit each of the below risks $-$ explain, using one $(1)$ example, why it is ethically important that the agent holds the appropriate real estate licence:

Risk to consumer

if and agent does not hold the appropriate real estate licence, they many not have the necessary knowledge or expertise to guide consumers through the complex process of buying or selling property. This could lead to consumers making uninformed decisions, potentially resulting in finance loss or legal issues.

Without the appropriate real estate license, an agent may engage in unethical or illegal practices, damaging the reputation of the real estate industry. For instance, an unlicensed agent might engage in fraudulent activities, such as misrepresenting property details or prices, which can undermine public trust in real estate professionals.

Risk to industry

Enter a response here $($No limits$)$

Personal risk

List two $(2)$ penalities for not holding the appropriate Real Estate Licence

Enter a response here $($No limits$)$