Georgia License Law
The Georgia Real Estate Education, Research, and Recovery Fund pays:
ACommissions to agents when brokers default
BAggrieved parties who suffer financial losses from licensee misconduct✓ Correct
CBroker education expenses
DGREC's operating budget
Explanation
The Recovery Fund compensates members of the public who have suffered financial losses due to fraud, misrepresentation, or dishonest conduct by a licensed Georgia real estate agent.
Related Georgia Georgia License Law Questions
- A Georgia licensee wishing to practice real estate in another state must:
- The Georgia Real Estate Education, Research, and Recovery Fund provides compensation to:
- Georgia's real estate education provider must be approved by:
- How many additional pre-license education hours must a salesperson complete to qualify for a Georgia broker's license?
- A Georgia licensee may legally receive compensation from:
- Under Georgia law, which action constitutes 'net listing' — which is prohibited?
- Which of the following individuals is exempt from Georgia real estate license requirements?
- What is the maximum civil penalty GREC may impose on a licensee for a single violation of Georgia license law?
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