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Practice Of Real EstateLicense_lawMEDIUM

A licensee claims that membership in a local board of REALTORS® satisfies Georgia's continuing education requirements because the board works closely with the Georgia Real Estate Commission. Which statement about the relationship between GREC and voluntary trade organizations is most accurate?

Correct Answer

C) A voluntary trade group such as a board of REALTORS® is a private organization that is separate from the state licensing authority.

GREC is a state regulatory body created under O.C.G.A. Title 43, Chapter 40, with authority to license and discipline real estate professionals. Voluntary trade organizations such as local boards of REALTORS® or the Georgia Association of REALTORS® are private membership groups with their own codes of ethics and standards. They have no statutory authority over licensing, and membership in them does not substitute for state regulatory requirements.

Answer Options
A
GREC delegates its disciplinary authority to local REALTOR® boards for violations that occur within their jurisdictions.
B
Membership in a REALTOR® association automatically grants a licensee additional privileges under Georgia license law.
C
A voluntary trade group such as a board of REALTORS® is a private organization that is separate from the state licensing authority.
D
GREC and the Georgia Association of REALTORS® share a joint governing board that sets licensing standards.

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Related Topics & Key Terms

Key Terms:

georgiastate_portiongrec_composition_and_public_memberga_license_law

Related Concepts

Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.

Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.

The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.

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