They do not have to be interest bearing
You must only present all written offers
but it must be inactive while working for commission
cannot practice real estate and must complete post license within 18 months of original license date
; it is illegal in GA
you cannot reapply for a license for 10 YEARS
Any home built prior to 1978 requires disclosure, lead pamphlet, and exhibit in contract also giving the buyer the right for an assessment
Manage associations ONLY but no sales or listings
Drops below 1 million, each agent active and inactive is assessed $30 per year at time of renewal
Notify GREC within 10 days of court completion whether you are found guilty of innocent
1 year before or 1 year after being licensed... watch the dates.
1-4 family residential, does NOT include commercial, agricultural, owner financing, or contract for deed, cash sales (no loan), 25 acres or less with a home is covered
To secure debt to record lender's claim on the property
you are subject to fines and discipline by GREC ($25)
Always disclose your licensed status whether you are active or inactive in all advertising
Assigns certain rights and responsibilities to the landlord and the tenant
ONLY if asked
Everyone is a customer.
at least 18 years old to become an agent and 21 years old to become a broker
Must disclose in writing you are an agent in the same office and your license status.
penalties can include fines, injunctions, and triple damages
From having your broker's approval.
reviews Trust Accounts upon renewal of firm license; and reasonable cause
Surrender your real estate license
Fair, Honest and Accurate and disclose everything known within a one-mile radius of the property
selected by member of commission
36 hours of CE every four years
Lifetime for agent paid from REERR.
mostly ministerial acts.. disclosure within 1 mile
May work as a qualifying broker for another company with current broker's permission
Can conduct a closing in GA
Broker may send license back to the commission or forward it to new broker
Contract must specify what the financial arrangement is between the parties and what property is the subject of the agreement
Show real estate. Answer any questions on title, financing, or closings (other than the time and place) or regarding a listing (except for information authorized in writing by the licensee)
Disclose how much and to who, or it is a violation of RESPA
Must equal bills plus security deposits before paying bills
You must activate your license within 12 months or retake the state exam
However you must be 18 to apply for license