What is the maximum amount an individual who was defrauded by a real estate licensee may receive from the Georgia Education Research and Recovery fund?

Q: What may happen to Georgia licensees who havent paid back disbursements made on their behalf from the real estate Education Research and Recovery Fund?

What may happen to Georgia licensees who havent paid back disbursements made on their behalf from the real estate education, research, and recovery fund? Their license will be suspended until they pay back disbursements and interest.

Georgia
Secretary of State
Brad Raffensperger

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The Office of the Georgia Secretary of State Brad Raffensperger
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Georgia Corporations Division
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Georgia Charities Division
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Georgia Elections Division
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Georgia Securities Division
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Georgia Professional Licensing Boards Division
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The Office of the Georgia Secretary of State Brad Raffensperger
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Georgia Corporations Division
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Georgia Charities Division
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Georgia Elections Division
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Georgia Securities Division
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Georgia Professional Licensing Boards Division
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What is the maximum amount that will be paid out of the recovery account per licensee?
Which is not a violation for which the real estate Education Research and Recovery Fund may compensate claimants in Georgia?
What may happen to Georgia licensees who haven't paid back disbursements made on their behalf from the real estate Education Research and Recovery Fund?
Which of the following persons may file a claim and collect from the Education Research and Recovery Fund?

The Office of the Georgia Secretary of State Brad Raffensperger
The Georgia Secretary of State oversees voting, tracks annual corporate filings, grants professional licenses, and oversees the state's securities' market.
- SOS Office Homepage
  Secretary Brad Raffensperger and his staff are honored to serve the citizens of Georgia.
- About Secretary Raffensperger
  Get to know Georgia's Secretary of State.
- Staff Directory
  View our staff directory and contact information.
- Employment & Internships
  Apply for a job/internship at our office.
- Proof of Citizenship
  Documents that serve as acceptable proof of citizenship in the state of Georgia.
- Open Records Requests
  All Georgia public records are available for inspection and copying unless they are specifically exempted from disclosure under the law.
MORE RESOURCES
Georgia Corporations Division
Corporations, limited liability companies, and limited partnerships in Georgia are formed by filing with the Corporations Division. Some foreign (out-of-state) entities which do business in Georgia also must file with the Corporations Division.
- The Corporations Division
  The Corporations Division of the Georgia Secretary of State
- Search for a Business
  Search for a Georgia registered business entity
- Create a Domestic Entity
  How To Create a Domestic Entity in Georgia
- Business FAQs
  Browse Business FAQs
- Complete Annual Registration
  How To Complete Annual Registration
- Register a Foreign Entity
  How to Register a Foreign Entity in Georgia
- Filing Fees
  Filing Fees and Expedited Processing of Document Filings
- Online Services
  Conveniently Complete Many Filings Online
MORE RESOURCES
Georgia Charities Division
The Charities division enforces the laws regulating charitable organizations, paid solicitors, and solicitor agents.
- Charities Division
  Charities information for the State of Georgia
- Charities How-To Guide
  How to start, register, renew, amend, reinstate, or withdraw a charity in Georgia
- About the Division
  Learn about the Charities Division
- Contact Us
  Contact the Charities Division
- File a Complaint
  
  File a Charities related complaint
- FAQ
  Frequently asked questions about Charities
- Verify Permit
  Verify a Charitable Org
- Subscribe To Updates
  Subscribe to update notifications from the Charities Division
MORE RESOURCES
Georgia Elections Division
Proud to be of service to Georgia’s voters and candidates, the Elections Division of the Secretary of State’s Office organizes and oversees all election activity, including voter registration, municipal, state, county, and federal elections.
- Elections Division
  The Georgia Elections Division - Voter and Election information
- Election Results
  Results for recent and historical elections in Georgia
- How and Where to Vote
  Voter information on how to register and finding your polling location
- Register to Vote
  Eligible Georgians can register to vote online
- Check Voter Registration
  Check your voter registration information
- Order Voter Lists
  Instructions for Requesting and Ordering Voter Registration Lists and Files
- Qualified Candidates
  Qualifying Candidate Information
MORE RESOURCES
24EEC9DA-927B-401D-BC2A-F10FC41E94F1 Securities
Georgia Securities Division
The Securities Division of the Office of the Secretary of State is charged with the implementation and enforcement of the Georgia Uniform Securities Act of 2008.
- Securities Division
  The Securities Division of the Office of the Secretary of State
- About the Division
  Get to know the Georgia Securities Division
- Cemeteries
  The Board of Cemeterians licenses and regulates cemeteries
- FAQs
  Frequently asked questions regarding Securities
- File Online
  Securities Offering Upload Form
- File a Complaint
  Submit a complaint to the Securities Division
- Securities Forms
  Forms related to Georgia Securities Division
- She Leads
  The financial literacy program aimed at empowering Georgians to optimally manage their finances and build financial success.
- Subscribe To Updates
  Subscribe to update notifications from the Securities Division
MORE RESOURCES
Georgia Professional Licensing Boards Division
The Professional Licensing Boards Division of the Secretary of State’s Office provides administrative support to the 42 licensing boards housed with our agency.
- Licensing Division
  The Professional Licensing Boards Division of the Secretary of State’s Office.
- About the Division
  Learn about the Georgia Licensing Division
- Apply for a License
  Submit an online license application
- File a Complaint
  File a complaint regarding licensed or unlicensed individuals
- Renew a License
  Renew a license online
- Licensee Search
  Search for a licensee
- Subscribe to Updates
  Receive licensing updates and notifications
- Georgia Licensing Boards
  List of Georgia Licensing Boards
MORE RESOURCES
08E9DB24-491D-480E-B232-B3FDDED8A443 Search

The Office of the Georgia Secretary of State Brad Raffensperger
The Georgia Secretary of State oversees voting, tracks annual corporate filings, grants professional licenses, and oversees the state's securities' market.
- SOS Office Homepage
  Secretary Brad Raffensperger and his staff are honored to serve the citizens of Georgia.
- About Secretary Raffensperger
  Get to know Georgia's Secretary of State.
- Staff Directory
  View our staff directory and contact information.
- Employment & Internships
  Apply for a job/internship at our office.
- Proof of Citizenship
  Documents that serve as acceptable proof of citizenship in the state of Georgia.
- Open Records Requests
  All Georgia public records are available for inspection and copying unless they are specifically exempted from disclosure under the law.
MORE RESOURCES
Georgia Corporations Division
Corporations, limited liability companies, and limited partnerships in Georgia are formed by filing with the Corporations Division. Some foreign (out-of-state) entities which do business in Georgia also must file with the Corporations Division.
- The Corporations Division
  The Corporations Division of the Georgia Secretary of State
- Search for a Business
  Search for a Georgia registered business entity
- Create a Domestic Entity
  How To Create a Domestic Entity in Georgia
- Business FAQs
  
  Browse Business FAQs
- Complete Annual Registration
  How To Complete Annual Registration
- Register a Foreign Entity
  How to Register a Foreign Entity in Georgia
- Filing Fees
  Filing Fees and Expedited Processing of Document Filings
- Online Services
  Conveniently Complete Many Filings Online
MORE RESOURCES
Georgia Charities Division
The Charities division enforces the laws regulating charitable organizations, paid solicitors, and solicitor agents.
- Charities Division
  Charities information for the State of Georgia
- Charities How-To Guide
  How to start, register, renew, amend, reinstate, or withdraw a charity in Georgia
- About the Division
  Learn about the Charities Division
- Contact Us
  Contact the Charities Division
- File a Complaint
  File a Charities related complaint
- FAQ
  Frequently asked questions about Charities
- Verify Permit
  Verify a Charitable Org
- Subscribe To Updates
  Subscribe to update notifications from the Charities Division
MORE RESOURCES
Georgia Elections Division
Proud to be of service to Georgia’s voters and candidates, the Elections Division of the Secretary of State’s Office organizes and oversees all election activity, including voter registration, municipal, state, county, and federal elections.
- Elections Division
  The Georgia Elections Division - Voter and Election information
- Election Results
  Results for recent and historical elections in Georgia
- How and Where to Vote
  Voter information on how to register and finding your polling location
- Register to Vote
  Eligible Georgians can register to vote online
- Check Voter Registration
  Check your voter registration information
- Order Voter Lists
  Instructions for Requesting and Ordering Voter Registration Lists and Files
- Qualified Candidates
  Qualifying Candidate Information
MORE RESOURCES
24EEC9DA-927B-401D-BC2A-F10FC41E94F1 Securities
Georgia Securities Division
The Securities Division of the Office of the Secretary of State is charged with the implementation and enforcement of the Georgia Uniform Securities Act of 2008.
- Securities Division
  The Securities Division of the Office of the Secretary of State
- About the Division
  Get to know the Georgia Securities Division
- Cemeteries
  The Board of Cemeterians licenses and regulates cemeteries
- FAQs
  Frequently asked questions regarding Securities
- File Online
  Securities Offering Upload Form
- File a Complaint
  Submit a complaint to the Securities Division
- Securities Forms
  Forms related to Georgia Securities Division
- She Leads
  The financial literacy program aimed at empowering Georgians to optimally manage their finances and build financial success.
- Subscribe To Updates
  Subscribe to update notifications from the Securities Division
MORE RESOURCES
Georgia Professional Licensing Boards Division
The Professional Licensing Boards Division of the Secretary of State’s Office provides administrative support to the 42 licensing boards housed with our agency.
- Licensing Division
  The Professional Licensing Boards Division of the Secretary of State’s Office.
- About the Division
  Learn about the Georgia Licensing Division
- Apply for a License
  Submit an online license application
- File a Complaint
  File a complaint regarding licensed or unlicensed individuals
- Renew a License
  Renew a license online
- Licensee Search
  Search for a licensee
- Subscribe to Updates
  Receive licensing updates and notifications
- Georgia Licensing Boards
  List of Georgia Licensing Boards
MORE RESOURCES
08E9DB24-491D-480E-B232-B3FDDED8A443 Search

What is the maximum amount that will be paid out of the recovery account per licensee?

If the application is granted, the applicant will be paid an amount for his or her actual and direct (out of pocket) loss in a transaction, up to a statutory maximum of $50,000 per transaction, with a possible total aggregate maximum of $250,000 per licensee.

Which is not a violation for which the real estate Education Research and Recovery Fund may compensate claimants in Georgia?

Which is NOT a violation for which the real estate education, research, and recovery fund may compensate claimants in Georgia? Failure to disclose a criminal conviction Licensees aren't required to disclose prior convictions to their clients or customers.

What may happen to Georgia licensees who haven't paid back disbursements made on their behalf from the real estate Education Research and Recovery Fund?

What may happen to Georgia licensees who haven't paid back disbursements made on their behalf from the real estate education, research, and recovery fund? Their license will be suspended until they pay back disbursements and interest.

Which of the following persons may file a claim and collect from the Education Research and Recovery Fund?

Who can make a claim against the fund? Any person can make a claim against the Fund if they are aggrieved by an act, representation, etc. of a licensee who is in violation of the license law.