Broker Sarah Johnson was found guilty of commingling client funds with her personal account and failing to maintain proper trust account records. The GREC has determined this is her second offense within five years. What is the maximum civil penalty the GREC can impose for each violation?
Correct Answer
D) $5,000 per violation
Under O.C.G.A. § 43-40-25, the GREC may impose a civil penalty not exceeding $5,000 for each violation. A is too low for the statutory maximum. C and D exceed the legal limit established in Georgia law.
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