GGRREECC RREENNeewwss October 2021 
Volume 17 Issue 10 
 
Monthly Newsletter of the Georgia Real 
Estate Commission 
 
2021 Calendar 
Annual Schools Meeting & GREEA Workshop  December 2 & 3, 2021 
Lanier Islands Gainesville, GA 
To sign up to receive the GREC 
RENewsletter Click Here 
Link to GREC Disciplinary Actions 
View Current Suspensions and 
Revocations 
 
This Issue 
 
Tips and Tricks 
 
P. 1 
 
Disciplinary Stats 
 
P. 1 
 
Halloween Crossword 
 
P. 2 
 
Focus on Terminology 
 
P. 2 
 
Tips and Tricks 
1. Licensees can view a list of all their education courses on their license record for credit at www.grec.state.ga.us ; one can also see credit for a license law course 
2. Scholarship money provided by the Georgia Real Estate Commission Education, Research and Recovery Fund is available for courses sponsored by the Georgia Association of Realtors to gain a designation. Visit https://garealtor.com/education/scholarships/ for more information. 
3. A Real Estate license enables a licensee to practice any type of real estate brokerage activity such as residential, commercial, property management or CAM. 
4. A licensee can renew a license up to 4 months before the renewal date. 5. Since Net listings are prohibited, how do you convert the value the seller wants to 
Net into a price for the listing contract and established a defined commission? Take the value the seller wants to Net and divide by 100% minus the commission %. Example. Seller wants to Net $250,000, and the negotiated commission is 6%. $250,000 /.94 = $265,957 for the listing price. (The licensee must be sure that that seller understands there can be other costs associated with the sale.) 6. Every brokerage office must have a written Office Brokerage Relationships Policy that describes the type of agency relationships the firm practices, and the Broker is responsible for providing training to the licensees of the firm. 7. If a licensee acts a principal in a real estate transaction, any advertisement must still be in the name of the broker/firm holding the licensee's license. 
 
Link to Proposed Rule 
Changes 
 
Click Here 
 
Click here to review a legend of the disciplinary actions the Commission may impose. 
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 SUBMIT 
Comments & 
Suggestions 
H 
Online Courses from GREC 
$10 each 3 Hour CE 
Course 
Total of 9 Hours CE Available 
(Also Approved as Instructor CE, not approved as License Law CE) 
"Avoiding Trust 
Account Trouble" 
"Practicing Real Estate & Staying Out of Trouble" 
"Being a Broker and Staying Out of Trouble" 
Click Here 
Georgia Real Estate Commission Suite 1000 International Tower 229 Peachtree Street NE Atlanta, GA 30303-1605 Phone 404-656-3916 
 
GREC RENews October 2021, Volume 17 Issue 10 
 
Down Clues 
 
1.Can be a bad 
 
omen when they 
 
are black. 
 
2.Property other 
 
than real estate, 
 
such as 
 
Halloween 
 
decorations. 
 
3.Scared. 
 
4.Not yet closed. 
 
5. Halloween 
 
lighting  3 words. 
 
6.If owners want 
 
to put up a fence, 
 
they need to 
 
check the surveys 
 
and the ___ of the 
 
subdivisions. 
 
8.UnFair Trade 
 
Practices. 
 
10. Like the night. 
 
11. Homeowners 
 
Association. 
 
14. ___or Treat. 
 
15. Part of a 
 
skeleton. 
 
17. Transportation 
 
Across Clues 
 
for a witch. 
 
7. Halloween fliers. 
 
9. Horror Movie Monster. 
 
10. Nightfall. 
 
12. A gated community may not invite all those __ or __ asking for candy. 
 
13. Spider's nest in vacant houses. 
 
16. If the homeowner wants to paint the front door orange, he/she should check the 
 
Declaration of Covenants, Conditions, and Restrictions for the _____. 
 
18. Bottled spirit. 
 
19. Orange squash at Halloween. 
 
Focus on Terminology: ""---urb communities" 
Consider these definitions of communities or areas as defined by Merriam-Webster. https://www.merriam-webster.com/dictionary/dictionary  Suburb: "an outlying part of a city or town; a smaller community adjacent to or within 
commuting distance of a city; the residential area on the outskirts of a city or large town."  Exurb: "a region or settlement that lies outside a city and usually beyond its suburbs and that often is inhabited chiefly by well-to-do families." An exurb is typically outside of a city a prosperous district or area beyond the suburbs.  Urban: "of or relating to cities and the people who live in them."  Rural: "of or relating to the country, country people or life, or agriculture."  Urbs is actually an English word. "It is rarely used, but it refers typically to a city, particularly when distinguished from a suburb." The suburbs are a region close to the urbs. 
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