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Practice Of Real EstateLicense_lawMEDIUM

Under O.C.G.A. § 43-40-2, the Georgia Real Estate Commission is composed of specific categories of members. If a vacancy arises in one of the broker seats on the Commission, what must the Governor do to fill that position?

Correct Answer

A) Appoint a licensed real estate broker to fill the vacancy.

Under O.C.G.A. § 43-40-2, the Georgia Real Estate Commission (GREC) is composed of six members appointed by the Governor: four licensed real estate brokers, one licensed real estate salesperson, and one public member who has no connection to the real estate industry. All six members are appointed by the Governor and confirmed by the Senate. This composition ensures that the Commission has strong industry expertise from the broker and salesperson members while also including public representation to protect consumer interests.

Answer Options
A
Appoint a licensed real estate broker to fill the vacancy.
B
Appoint a licensed real estate salesperson, since brokers and salespersons are interchangeable on the Commission.
C
Appoint an additional public member to increase consumer representation.
D
Allow the remaining Commission members to select a replacement from among current licensees.

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Related Topics & Key Terms

Key Terms:

GRECcommission_compositionappointment_requirements

Related Concepts

Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.

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.

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