A Georgia-licensed real estate broker who has been actively engaged in brokerage for 8 years and has no disciplinary history is nominated to serve on the Georgia Real Estate Commission (GREC). She has no experience in real estate education or appraisal. Based on GREC composition requirements, is she eligible to serve?
Correct Answer
D) She can serve as one of the licensed broker members of the Commission.
Under O.C.G.A. § 43-40-2, GREC is composed of six members appointed by the Governor: five members who hold active real estate licenses (including brokers) and have been actively engaged in the real estate business for at least five years preceding their appointment, plus one consumer member who is not connected with the real estate industry. With 8 years of active brokerage experience and a clean disciplinary record, this broker meets the statutory qualifications for one of the five licensee seats.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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