What are some potential penalties for violating the Appraiser's Act?

The Appraiser's Act outlines various penalties for violations to uphold the integrity of the appraisal profession and ensure accountability. The correct response highlights that penalties can include a range of serious consequences such as imprisonment, fines, and license revocation.

Imprisonment serves as a deterrent against severe infractions that may endanger public trust or violate regulatory requirements. Fines act as a financial penalty, reinforcing the seriousness of non-compliance with the law. License revocation is particularly critical as it removes the violator's legal ability to practice as an appraiser, which is essential for maintaining standards within the profession.

Each of these penalties reflects the serious nature of appraiser misconduct and the importance of compliance to protect consumers and maintain market integrity. In contrast, the other options do not encompass the range or severity of consequences outlined in the Appraiser's Act. They may suggest less impactful penalties or limitations that do not align with the statute’s provisions for addressing serious violations.