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?
Correct Answer
C) Automatic suspension of the broker's license for the employing firm
Automatic suspension of the employing broker's license is not an appropriate penalty for an individual agent's dual agency consent violation. Under O.C.G.A. § 43-40-25, GREC imposes disciplinary actions against the licensee who committed the violation. While the broker could face separate action for failure to supervise, automatic suspension of the broker's license is not a prescribed penalty for the agent's dual agency violation.
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Previous Question
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?
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A licensed broker has been convicted of a felony in federal court related to real estate transactions. Under Georgia license law, what action is GREC authorized to take regarding the broker's license?