Agent Mark Thompson has been operating without a valid license for six months after failing to renew it. He completed three real estate transactions during this period, earning $18,000 in commissions. The GREC discovers this violation during a routine audit. What disciplinary action is Thompson most likely to face?
Correct Answer
B) Civil penalty and prohibition from recovering commissions earned
Under O.C.G.A. § 43-40-25, practicing without a license subjects Thompson to civil penalties, and he cannot recover compensation for services performed without a valid license. A is insufficient for unlicensed practice. C is incorrect as he cannot simply pay back penalties. D is incomplete as civil penalties are the primary remedy.
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