Georgia License Law
The GREC Education, Research, and Recovery Fund is funded by:
AGeorgia state income taxes
BA portion of license fees paid by Georgia licensees✓ Correct
CFines collected from disciplinary actions
DVoluntary contributions from Georgia REALTORS
Explanation
The Georgia Real Estate Recovery Fund is funded by a fee assessed when a license is issued or renewed, ensuring a pool of funds is available to compensate victims of licensee misconduct.
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Key Terms to Know
State-Specific Concepts
GREC Regulation
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