Georgia License Law
In Georgia, the Georgia Real Estate Commission (GREC) has authority to do all of the following EXCEPT:
ASuspend a licensee's license
BRevoke a licensee's license
CSet real estate commission rates charged to consumers✓ Correct
DImpose fines on licensees
Explanation
GREC cannot set or regulate commission rates — those are negotiable between parties. GREC's authority includes licensing, discipline, suspension, revocation, and fines.
Related Georgia Georgia License Law Questions
- A Georgia real estate broker's supervising responsibility includes ensuring that affiliated licensees:
- An associate broker in Georgia is defined as:
- Georgia real estate licenses are renewed on what cycle?
- Under GREC rules, a Georgia broker who receives trust funds must deposit them in the escrow account by:
- A Georgia salesperson receives a real estate commission check from a buyer. What should the salesperson do?
- A Georgia broker must keep transaction records for a minimum of:
- Under Georgia law, a licensed real estate associate broker differs from a salesperson in that the associate broker:
- A Georgia real estate licensee who receives a complaint from a member of the public is entitled to:
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