Under what condition must a real estate licensee notify the Real Estate Program Manager of a civil judgment?

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A real estate licensee is required to notify the Real Estate Program Manager of a civil judgment under all circumstances, regardless of the judgment amount. This requirement ensures that the licensing authority is aware of any legal issues that could impact the integrity and professionalism of the licensee.

The reason this is critical is that a civil judgment, even if the amount is small, can indicate a lack of compliance with laws or ethical standards that are expected of real estate professionals. Furthermore, it helps maintain transparency within the industry and allows the regulatory body to assess any potential risk to the public.

While there might be specific thresholds or conditions related to different situations outside of real estate licensing, in this case, the policy requires comprehensive reporting to uphold the standards of the profession. This approach is aimed at protecting consumers and maintaining the industry's overall credibility.

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