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?
Correct Answer
B) Conversion of suspension to permanent license revocation
Conversion of suspension to permanent license revocation is correct because practicing real estate while under suspension demonstrates willful violation of disciplinary orders and can result in the most severe penalty of permanent revocation. Option A is insufficient for such serious misconduct. Option C doesn't address the severity of violating suspension orders. Option D is irrelevant to the violation.
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More Grec Rules Disciplinary Questions
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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?
- → Agent Carlos Martinez violated GREC advertising rules by failing to include his brokerage name in multiple property advertisements. This is his first offense with no other violations on record. What is the most likely initial disciplinary action the GREC will take?
- → A Georgia licensee wants to advertise a property that the licensee personally owns. Under GREC advertising rules, which statement best describes the licensee's obligations?
- → 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?
- → According to GREC regulations, what is the minimum period a Georgia broker must retain records of trust account transactions?
- → Real estate firm ABC Realty wants to advertise on social media. According to GREC advertising rules, what information must be included in their Facebook advertisement?
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- → 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?
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Previous Question
Agent Maria Lopez was cited for minor record-keeping violations in her transaction files, missing some required documentation. As a first-time offender, which penalty would be LEAST likely for this violation?
Next Question
A Georgia broker is under investigation by GREC for multiple issues including inaccurate transaction records and advertisements that omit the firm's licensed name. During the investigation, the broker corrects all records and updates the advertisements. How will these factors most likely affect GREC's disciplinary outcome?