(a) Any violation of any of the provisions of this Act and, beginning January 1, 2013, any violation of any of the provisions of Article 3 of the Residential Real Property Disclosure Act shall constitute a business offense and shall subject the party violating the same to a penalty of $1000 for each offense.
     (b) Nothing contained in this Section shall affect the right of the Secretary to revoke or suspend a title insurance company’s or independent escrowee’s certificate of authority or a title insurance agent’s registration under any other Section of this Act.