Georgia License Law
What is the Georgia Real Estate Education, Research, and Recovery Fund used for?
AFunding GREC's administrative operations
BReimbursing injured parties who cannot otherwise collect judgments against Georgia licensees✓ Correct
CProviding scholarships for pre-license education
DPaying for errors and omissions insurance for new licensees
Explanation
The Georgia Real Estate Education, Research, and Recovery Fund provides reimbursement to persons who have suffered financial losses due to the fraudulent or dishonest acts of a Georgia real estate licensee when other collection methods have failed.
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