Regarding the Georgia Real Estate Commission's authority to handle complaints, which statement is NOT correct?
Correct Answer
D) A GREC complaint is automatically dismissed if the parties are also involved in civil litigation over the same transaction.
B is NOT correct. The GREC exercises independent regulatory authority over licensee conduct under O.C.G.A. § 43-40-25. The existence of parallel civil litigation between the parties does not strip the Commission of jurisdiction or require automatic dismissal. The Commission's role is to protect the public interest through license regulation, which is separate from any private legal dispute between the parties.
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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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A licensee receives notice that a consumer has filed a complaint with the Georgia Real Estate Commission regarding a transaction that also involves a pending civil lawsuit between the parties. Which statement correctly describes the Commission's authority in this situation?