During a GREC investigation, Agent Smith refuses to cooperate and fails to provide requested documents within the specified timeframe. The Commission has already sent two written requests. What disciplinary action can GREC take for this non-cooperation alone?
Correct Answer
D) Impose a fine up to $1,000 and suspend the license until compliance
Correct: D - Impose a fine up to $1,000 and suspend the license until compliance. GREC can impose fines and suspend a license for failure to cooperate with an investigation, with suspension continuing until the licensee complies. Why not A: This option is incorrect because "Revoke the license permanently" does not match the rule tested by the question. The correct answer is "Impose a fine up to $1,000 and suspend the license until compliance". GREC can impose fines and suspend a license for failure to cooperate with an investigation, with suspension continuing until the licensee complies. Why not B: This option is incorrect because "Issue a warning letter only" does not match the rule tested by the question. The correct answer is "Impose a fine up to $1,000 and suspend the license until compliance". GREC can impose fines and suspend a license for failure to cooperate with an investigation, with suspension continuing until the licensee complies. Why not C: This option is incorrect because "Refer the matter to criminal court" does not match the rule tested by the question. The correct answer is "Impose a fine up to $1,000 and suspend the license until compliance". GREC can impose fines and suspend a license for failure to cooperate with an investigation, with suspension continuing until the licensee complies.
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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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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?
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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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- → 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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