Which statement correctly describes a Georgia broker's supervisory obligations under GREC rules?
Correct Answer
D) Broker supervision includes establishing written policies and procedures for trust account management, advertising compliance, and overall office operations.
Under O.C.G.A. § 43-40-18 and GREC rules, a supervising broker has an affirmative duty to establish and enforce written policies and procedures governing trust account handling, advertising, and office management. Supervision is an active, ongoing responsibility—not a passive delegation to individual licensees.
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More Grec Rules Disciplinary Questions
Broker Mike receives a complaint letter from GREC regarding allegations that he failed to properly supervise his affiliated licensees. How many days does Mike have to respond to GREC's complaint?
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- → According to GREC advertising rules, what name identification is required on a real estate yard sign placed on a listed property?
- → A newly licensed Georgia salesperson asks why exam preparation materials cover both recordkeeping and advertising rules in the same study section. What is the best explanation?
- → In a formal GREC disciplinary hearing regarding alleged license law violations by a licensee, what standard of proof must be met to support disciplinary action?
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- → A Georgia licensee wants to advertise a property that the licensee personally owns. Under GREC advertising rules, which statement best describes the licensee's obligations?
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- → According to GREC regulations, what is the minimum period a Georgia broker must retain records of trust account transactions?
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- → Broker Taylor's trust account is overdrawn by $500 due to a bank error. The bank corrects the error the next day. Must Taylor report this to GREC?
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Under Georgia real estate advertising and brokerage rules, which statement is NOT correct?
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A Georgia licensee maintains several property listings on a personal website and various social media platforms. One listing closed two weeks ago, but the online advertisement still shows the property as available. Which statement correctly reflects GREC advertising rules?