Failure to comply with the Code of Ethics Regulations can result in which of the following consequences?

The correct answer encompasses a comprehensive view of the potential consequences associated with failing to comply with the Code of Ethics Regulations. This Code is established to ensure that all dealers conduct their business in a fair, transparent, and ethical manner.

When a dealer does not adhere to these regulations, they can face serious repercussions. The revocation of registration is a significant consequence that can prevent a dealer from operating in the industry, effectively barring them from utilizing their license. A disciplinary hearing may also be convened to examine the specifics of the violation and assess the appropriate disciplinary measures that may be warranted.

Furthermore, there’s the possibility of refusal to grant or renew a registration, meaning that not only can existing licenses be revoked or suspended, but potential dealers may also find themselves unable to enter the industry altogether if their compliance history is lacking.

Each of these consequences serves to uphold the integrity of the automotive sales profession and protect consumers from unethical practices. Thus, selecting the option that includes all of these potential outcomes correctly reflects the seriousness with which regulatory bodies view adherence to the Code of Ethics.