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To limit each of the below risks - explain, using one (1) example, why it is ethically important that the agent holds the appropriate real

To limit each of the below risks - explain, using one (1) example, why it is ethically important that the agent holds the appropriate real estate licence?

Risk to consumer?

Risk to agency?

Risk to industry?

Personal risk?

List two (2) penalities for not holding the appropriate Real Estate Licence

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