What is the consequence for Broker B if Buyer A receives an award from the State Real Estate Recovery Account?

When a buyer receives an award from the State Real Estate Recovery Account, it indicates that the buyer suffered a loss due to the misconduct of a licensed real estate broker, in this case, Broker B. The purpose of the Recovery Account is to provide a source of funds for compensating individuals who have suffered financial losses as a result of fraud, deceit, or misrepresentation in a real estate transaction.

If an award is granted to Buyer A, it typically leads to scrutiny of Broker B's actions and could result in disciplinary actions by the California Bureau of Real Estate. One of the potential consequences that may arise from this situation is the suspension of Broker B's license. This suspension is often a temporary measure to protect the public and ensure that Broker B undergoes a review process to assess their professional conduct and compliance with real estate regulations.

Thus, the consequence of having their license suspended is directly linked to the state’s effort to maintain standards of professionalism in the real estate industry and to ensure accountability for brokers who do not uphold those standards. The other options, such as revocation of the license or fines, are more severe and may not apply immediately upon the award being granted, as the process typically involves due investigation and adjudication. Hence, suspension is the appropriate