What consequence can occur for a licensee if they fail to follow commission regulations?

When a licensee fails to adhere to commission regulations, the most serious consequence that can occur is the possible suspension or revocation of their license. Licensing authorities are tasked with maintaining standards of conduct and professionalism within the industry to protect consumers and ensure fair practices. When these regulations are violated, it undermines the integrity of the profession and can result in significant penalties.

Suspension or revocation of a license serves as a strong deterrent to misconduct, ensuring that licensees adhere to established guidelines. This consequence is part of the regulatory framework designed to uphold the standards of the industry and enforce accountability among practitioners.

The other options present lesser repercussion scenarios that do not carry the same level of seriousness. For example, while a warning might be issued for minor infractions, it does not apply universally to all regulatory violations. Similarly, reductions in commission rates or negative reputation impacts might arise from other factors but are not direct sanctions imposed by the commission for non-compliance with regulations. Thus, the possibility of suspension or revocation is the most consequential outcome for failing to comply with regulatory standards.