During a GREC disciplinary hearing, Broker Lisa Chen was found to have violated multiple advertising regulations by failing to include her firm name in advertisements and making misleading claims about property values. She has no prior violations. What is the most likely penalty GREC will impose?
Correct Answer
B) Administrative fine between $500-$2,500 and required advertising compliance course
Administrative fine between $500-$2,500 and required advertising compliance course is correct because advertising violations for first-time offenders typically result in monetary penalties and corrective education rather than license suspension or revocation. Option A is too severe for advertising violations without prior offenses. Option C is inappropriate as advertising violations don't typically trigger criminal investigations. Option D is insufficient for multiple violations.
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- → 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?
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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?
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An agent failed to obtain proper written consent from both parties before acting as a dual agent. Which of the following would NOT be an appropriate disciplinary action by GREC for this violation?