In a Georgia transaction involving a warehouse condo, Micah asks the supervising broker for direction. Example 14 is under review. The office is debating the claim that when a licensee advertises the licensee’s own property, no special disclosure or broker-related considerations apply. It is comparing that claim with the rule that written permission is important when advertising specific property, and special rules apply when a licensee advertises property the licensee owns. The review topic is advertising rules, firm-name prominence, written permission, discriminatory advertising, and internet removal timing. Which statement is correct?
Correct Answer
A) Written permission is important when advertising specific property, and special rules apply when a licensee advertises property the licensee owns.
Georgia advertising guidance distinguishes general advertising from property-specific and licensee-owned-property advertising. Source: GREC advertising rules; GREC record-retention guidance; GREC License Laws, Rules, and Regulations.
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More Grec Rules Disciplinary Questions
Agent Mike Roberts was found guilty of practicing real estate without a valid license after his license expired 8 months ago and he failed to renew it. He completed three transactions during this period. What penalty can GREC impose?
Broker Steve Johnson's license was suspended for 18 months due to escrow violations. During his suspension period, he was caught providing real estate services and collecting commissions through an unlicensed entity he created. What additional penalty can GREC impose?
A licensed agent with no prior disciplinary history forges a client's signature on a purchase agreement. Which of the following penalties is the GREC authorized to impose for this conduct?
Broker Sarah Johnson was found guilty of commingling client funds with her personal account and failing to maintain proper trust account records. The GREC has determined this is her second offense within five years. What is the maximum civil penalty the GREC can impose for each violation?
Which statement correctly describes a Georgia broker's supervisory obligations under GREC rules?
- → A Georgia real estate licensee's license has been revoked by the GREC for fraudulent activities. Under Georgia law, what is the minimum waiting period before this individual may submit a new application for licensure?
- → A consumer files a complaint with the Georgia Real Estate Commission against a licensee. During the investigation, GREC requests that the licensee produce transaction records. How does the Commission typically view a licensee's cooperation—or lack thereof—during the complaint process?
- → 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?
- → A consumer files a GREC complaint demanding that the Commission order the broker to return the earnest money deposit. What is the most accurate statement about the Commission's role when handling this type of complaint?
- → 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?
- → GREC's investigation of broker James Park reveals potential violations requiring a formal hearing. James receives a notice to appear. What happens if James fails to appear at the scheduled hearing without proper notice or excuse?
- → A licensee distributes printed flyers advertising a residential listing. The flyers include property photos, price, and features but do not display the licensee's name or the brokerage firm's name anywhere on the material. Which GREC advertising requirement has been violated?
- → Agent David Kim is preparing for his GREC hearing on alleged disclosure violations. His attorney advises him on hearing procedures. Which advice would be INCORRECT?
- → After investigating a complaint against Broker Jones for inadequate supervision, GREC staff recommends disciplinary action. Broker Jones disagrees with the recommendation. What is the next step in the process?
- → Broker Davis discovers that $2,000 in earnest money was mistakenly deposited into his operating account instead of his trust account. What must he do immediately?
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Previous Question
Agent Rivera wants to advertise 'Guaranteed Sale or I'll Buy Your House!' in her marketing materials. Under GREC rules, what must she include with this advertisement?
Next Question
During a file review involving a small retail suite in Glynn County, the broker flags a Georgia compliance issue. Example 19 is under review. The office is debating the claim that a licensee can advertise a listed property without the owner’s permission if the licensee personally believes the property is marketable. It is comparing that claim with the rule that internet or online advertising must be updated when information becomes misleading; a stale online posting can still create a Georgia advertising problem. The review topic is advertising rules, firm-name prominence, written permission, discriminatory advertising, and internet removal timing. Which statement is correct?
