Level 25 - GA Real Estate Practice Questions and Answers

increasing the profits of brokerages Which one of these is NOT a responsibility of GREC? increasing the profits of brokerages administering real estate licenses overseeing the license renewal process enforcing the license law protect the public interest The Georgia Real Estate Commission's main purpose is to: generate revenue for the state protect the interests of license holders protect the public interest recruit and incentivize new brokers 6 members: 5 with real estate experience and 1 with no involvement in the industry How many members make up the Georgia Real Estate Commission? 6 members: 5 with real estate experience and 1 with no involvement in the industry 8 members: 6 licensed brokers and 2 salespersons 8 members: 6 with real estate experience and 2 with no involvement in the industry 6 members: 3 with real estate experience and 3 with no involvement in the industry the commissioner Tyler was selected by GREC to carry out Commission business as a full-time employee. Tyler must be: the commissioner one of the 5 members with experience in real estate the 1 member who does not have a business interest in real estate the chairperson the average sales price of all houses sold in Georgia that year Which of these would NOT likely be included in the annual report GREC submits to the governor? the amount of funds collected and disbursed by GREC that year the average sales price of all houses sold in Georgia that year the number of people licensed by GREC that year a summary of actions taken by GREC that year broker, associate broker, salesperson, and community associa