What action can the Division of Real Estate take against a licensee before holding a hearing?

The Division of Real Estate has the authority to issue a cease and desist order against a licensee before holding a hearing. This action is significant because it allows the Division to immediately halt any activity that may pose a risk to the public or violate regulations, ensuring that any harmful practices are stopped without delay. A cease and desist order serves to protect consumers from potential harm while the investigation or hearing process is pending.

In contrast, other options such as issuing a formal reprimand or allowing a licensee to self-correct typically follow a hearing or thorough review of the case. Additionally, performing an on-site investigation may be a part of the enforcement process, but it does not represent an action taken against a licensee that would restrict their activities in real-time. The capability to issue a cease and desist order highlights the Division's role in maintaining compliance and safeguarding the integrity of the real estate market.