What may happen if a licensee violates the Code of Ethics?

If a licensee violates the Code of Ethics, they may face disciplinary action. The Code of Ethics in condominium management outlines the professional standards and behaviors expected from licensees, ensuring that they uphold integrity, fairness, and professionalism in their work. When these standards are breached, it is important for the regulatory body to take appropriate measures to maintain the trust and reliability of the profession.

Disciplinary action can include a range of consequences such as fines, suspension, or even revocation of the license, depending on the severity of the violation. This action serves not only to penalize the offending licensee but also to protect the public and uphold the standards of the industry. By enforcing these ethical guidelines, the regulatory body promotes accountability and reinforces the importance of ethical conduct among all practitioners in the field.

The other options, while they might seem advantageous in a different context, do not align with the consequences of violating ethical standards. Promotional opportunities and increased client trust are unlikely to occur as a result of unethical behavior. Additionally, a bonus reduction could be a form of internal consequence but would not typically be a formal disciplinary measure under the regulatory framework governing licensees.