If a formal hearing occurs for a complaint against a real estate licensee, what is the maximum penalty per violation?

The correct response highlights that, under Virginia law, the maximum penalty that a real estate licensee can face for a violation in a formal hearing is set at $1,000 per violation. This figure is important as it establishes the scope of financial repercussions that can be imposed for infractions of real estate regulations. Understanding this limit is crucial for both licensees and enforcement entities, as it helps inform them of the potential consequences tied to non-compliance with state real estate laws. It is also relevant for promoting adherence to ethical standards and regulations within the real estate industry in Virginia.