A reciprocal applicant from Florida has successfully passed the Georgia Law and Practice supplement examination through PSI. What is the applicant's licensing status at this point?
Correct Answer
C) The applicant must still complete the remaining Georgia application requirements, including submitting the official application, required documentation, fees, and background check materials.
Passing the supplement exam is only one step in the Georgia reciprocal licensing process. The applicant must still complete all remaining GREC application requirements, which include submitting the official reciprocal application, a certified license history from the home state, proof of lawful presence, a background check/report, and the required application fees. The exam alone does not result in licensure. (Source: GREC Reciprocal Application checklist; O.C.G.A. § 43-40-9; GREC licensure materials.)
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Related Topics & Key Terms
Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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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