Georgia Real Estate License Laws And Rules 88 Correctly Answered Questions Latest Update

when a memeber of the Georgia Real Estate commission vacates before the full term is served, the member is succeeded by a properly appointed person who shall serve for how long? {Ans: the unexpired term of the member creating the vacancy}what must a licensee do when advertising their own property for sale? {Ans: disclose license status}can a salesperson be licensed under more than one broker? {Ans: no, unless transfering form one broker to another}a buyer sued a real estate salesperson for fraud in a real estate transaction and recieved a judgement in the amount of $15,000. the salesperson owns a cabin in Georgia balued at $10,000, free and clear. for the buyer to file a claim against the Real Estate Education Research and recovery fund he must {Ans: have the property levied upon, sold and file a claim against the Real estate education research and recovery fund for the balance remaining to satisfy the judgement.}three real estate licensed salespersons and an associate broker want to form a new real estate company. can the associate broker serve as the qualifying broker for the new firm and as an associate broker for their present firm? {Ans: yes,