Section 24.01. Authority and intent.

 

(1)  The rules in this chapter are adopted pursuant to ss. 227.11 , 452.01 , 452.07 , 452.133 , 452.138 , 452.139 and 452.14 , Stats.

(2)  The intent of the board in adopting the rules in this chapter is to establish minimum standards of conduct for real estate licensees and to define that conduct which may result in board discipline pursuant to s. 452.14 , Stats.

(3)  If a licensee violates rules in this chapter, the licensee has demonstrated incompetency to act as a broker, salesperson or time-share salesperson in such manner as to safeguard the interests of the public under s. 452.14 (3) (i) , Stats. However, the term "incompetency" is not limited in its meaning to violations of this chapter.

(4)  If a licensee violates the rules set forth in s. REEB 24.075 , the licensee has engaged in improper, fraudulent or dishonest dealing as used in s. 452.14 (3) (k) , Stats. However, the terms "improper, fraudulent or dishonest dealing" are not limited in their meaning to violations of s. REEB 24.075 .