Which of the following is a function of the Guam Real Estate Commission?

Study for the Guam State Laws Exam. Explore interactive quizzes with multiple choice questions, each providing insights and explanations. Master your knowledge for success!

The Guam Real Estate Commission is responsible for making policy recommendations. This function is crucial as it allows the Commission to influence the regulatory framework governing real estate practices in Guam. By providing insights and suggestions to lawmakers or regulatory bodies, the Commission helps ensure that real estate transactions are conducted fairly and responsibly, benefiting both the public and the professionals in the industry.

The other options are not functions of the Commission. Issuing building permits is typically managed by local government entities focused on urban planning and development. Setting property prices is influenced by market forces and individual negotiations rather than a commission's directives. Auditing real estate transactions is usually handled by independent auditors or regulatory agencies focused on financial compliance, rather than by the Real Estate Commission itself. Therefore, the task of making policy recommendations is the only correct and relevant function attributed to the Guam Real Estate Commission.

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