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Practice Of Real EstateLicense_lawMEDIUM

A Georgia salesperson who has completed all required post-license education wants to leave one brokerage and affiliate with a new brokerage. Which of the following steps is NOT part of the license transfer process in Georgia?

Correct Answer

C) The salesperson retakes the Georgia state licensing examination before affiliating with the new broker.

Retaking the state licensing examination is not required when a salesperson transfers between brokerages in Georgia. Under O.C.G.A. § 43-40-18 and GREC rules, the transfer process is administrative in nature and does not involve re-examination. The salesperson's existing license qualification remains valid.

Answer Options
A
The new broker submits a license transfer application to GREC on behalf of the salesperson.
B
The salesperson pays the required transfer processing fee to GREC.
C
The salesperson retakes the Georgia state licensing examination before affiliating with the new broker.
D
The salesperson's current broker is notified of the transfer and the existing affiliation is terminated.

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Related Topics & Key Terms

Key Terms:

license transfersalesperson requirementsbrokerage change

Related Concepts

Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.

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.

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