What is the minimum duration that claims may be delayed concerning a regulant?

The minimum duration that claims may be delayed concerning a regulant is one year. This period is established to protect the rights of the regulant and ensure that regulatory processes are conducted fairly and thoroughly. By allowing a full year for claims to be delayed, the law acknowledges the need for due diligence in investigating and resolving such claims. This period also assists in maintaining the integrity of the real estate profession by ensuring that any claims against a regulant are not only serious but also substantiated, allowing for proper oversight and discipline when necessary.

A shorter duration would not allow sufficient time for thorough investigation or consideration of all relevant factors involved in a claim. Meanwhile, a longer delay could impede the regulatory process and delay justice, which makes one year a balanced and practical timeframe within the context of regulatory practices in real estate.