Which document outlines the penalties for non-compliance with the RIBO Act?

The RIBO Disciplinary Guidelines specifically outline the penalties for non-compliance with the RIBO Act. These guidelines serve as an important framework for understanding the repercussions that may arise if individuals or organizations fail to adhere to the regulations and standards set forth in the Act. They detail the range of possible disciplinary actions that can be taken by the regulatory authority, which can include fines, suspension, or even revocation of licenses.

This document is essential because it not only informs members of the regulatory expectations but also provides clarity on the process and consequences associated with violations. By having a structured set of guidelines, RIBO can ensure that all members are aware of the seriousness of compliance and the potential outcomes of non-adherence, thus promoting a higher standard of practice within the industry.

While other options such as the RIBO Compliance Manual may provide guidance on how to comply with regulations, they do not specifically address the penalties associated with non-compliance. The Annual Report typically summarizes the organization's activities and financial status, while the Broker's Code of Conduct sets ethical standards but does not focus solely on compliance penalties.