What is a key responsibility of the Guam Real Estate Commission?

The key responsibility of the Guam Real Estate Commission is to enforce real estate regulations. This function is crucial in ensuring that all real estate transactions, practices, and licensed professionals operate within the established laws and standards that govern the industry. The Commission is tasked with overseeing compliance, resolving disputes, and maintaining the integrity of real estate practices on the island. By enforcing regulations, the Commission helps protect consumers and maintain a fair marketplace.

In contrast, setting property prices and managing property listings do not typically fall under the Commission's purview; these tasks are handled by real estate professionals and market dynamics. While providing real estate education is also important, it is more of a supportive function rather than the primary responsibility of the Commission. The focus on enforcement ensures a standardized practice that upholds ethical standards and promotes public trust in real estate transactions.