Lisa has been a Georgia resident for 15 years but obtained her real estate license in Florida 3 years ago when she briefly lived there for work. She now wants to practice real estate in Georgia where she currently resides. Which statement best describes her situation under Georgia license law?
Correct Answer
A) Because she is a Georgia resident, she cannot obtain a Georgia license by reciprocity from her Florida license; she must qualify as a Georgia applicant, which generally includes the Georgia portion of the licensing exam
Under O.C.G.A. 43-40-9 and GREC rules, license-by-reciprocity is available only to licensees who reside in (or are licensed in) another state. A Georgia resident must qualify as a Georgia applicant and pass the Georgia-specific portion of the licensing exam.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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.
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?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
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?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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