What year was the Georgia Real Estate Commission (GREC) established?

The correct answer is that the Georgia Real Estate Commission (GREC) was established in 1925. This year is significant because it marks the beginning of formal regulation of the real estate industry in Georgia. The establishment of GREC was a response to the growing need for oversight in the real estate market, to protect consumers and ensure that real estate professionals adhere to ethical standards.

Understanding the timeline of real estate regulation in Georgia can help community association managers and real estate professionals appreciate the evolution of policies governing their industry. The GREC has played a crucial role in shaping the practices and operational standards that community managers must follow today.