An administrative complaint is issued against a broker for failure to properly maintain his escrow account. the attorneys for the dre and the broker's attorney reach an agreement as to the penalty for the license law violation. this agreement is called a

Stipulation

Explanation:

Stipulation is an arrangement between parties involved in a legal case before the court hearing where agreement is made about certain situations.It can also occur during a contract agreement where terms and conditions are agreed upon.

The agreement between the attorneys concerning the penalty for the license law violation is an example of a stipulation agreement