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Pass Georgia

Georgia-specific term

Real Estate Education, Research and Recovery Fund

A Georgia fund that compensates members of the public who obtain a judgment against a licensee for misconduct and cannot collect it.

How the exam uses real estate education, research and recovery fund

It protects the public, not the licensee. The licensee remains liable to repay the fund, and their licence is affected.

This is one of the terms Georgia handles differently from most states. If you prepared with a national question bank, check what it taught you here, because that is exactly where the state supplement takes marks back. The full list of Georgia differences.

What a question on this looks like

How many hours of prelicense education does Georgia require for a salesperson licence?

Answer: 75 hours Georgia requires a 75-hour salesperson prelicense course at a GREC-approved school. Qualifying college coursework is an alternative route.

Drill this in context at practice by topic, or browse the full glossary.