Georgia License Law
The Georgia Real Estate Education, Research, and Recovery Fund provides compensation to members of the public who suffer losses due to:
AMarket downturns on their investment properties
BWrongful acts of a licensed real estate agent✓ Correct
CContractor defects in new construction
DTitle defects discovered after closing
Explanation
The Georgia Real Estate Education, Research, and Recovery Fund reimburses members of the public who suffer financial losses caused by the wrongful acts of a licensed Georgia real estate agent.
Related Georgia Georgia License Law Questions
- In Georgia, the Georgia Real Estate Commission (GREC) has authority to do all of the following EXCEPT:
- A 'pocket listing' (selling without MLS exposure) in Georgia:
- An 'exclusive agency' listing versus an 'exclusive right to sell' listing means the broker:
- A Georgia real estate license candidate who fails the licensing examination may retake it:
- Under Georgia law, a broker's trust account must be kept in:
- A Georgia licensee must disclose their licensed status to the other party when they are:
- Under Georgia law, which of the following is exempt from needing a real estate license?
- Georgia's real estate license law applies to:
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