Georgia License Law
A Georgia real estate licensee who is also a licensed home inspector must:
AA. Give up their home inspector license to avoid conflicts
BB. Disclose both licenses when acting in either professional capacity✓ Correct
CC. Charge separate fees for each service in the same transaction
DD. Obtain special GREC approval to hold dual licenses
Explanation
A licensee holding multiple professional licenses must disclose all relevant licenses when acting in a professional capacity. In the same transaction, conducting both a real estate and home inspection could create conflicts of interest requiring full disclosure.
People Also Study
Related Georgia Questions
- A Georgia licensee's duty of disclosure includes disclosing their licensed status when:Agency
- A Georgia licensee must disclose their licensed status to the other party when they are:Georgia License Law
- Under Georgia's BRRETA, a licensee who has not entered into a brokerage engagement with any party is acting as:Agency
- A real estate licensee in Georgia who assists a buyer without a written buyer's brokerage agreement is presumed to be:Agency
- A real estate contract that is 'void' means:Contracts
- The Toxic Substances Control Act (TSCA) provides the EPA authority to regulate:Environmental
- A home inspection contingency in a Georgia contract allows the buyer to:Finance
- A Georgia real estate licensee who receives multiple offers on a listed property should:Contracts
Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Short SaleA sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
State-Specific Concepts
GREC Regulation
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →