Georgia Real Estate Practice
Questions with correct answers
(frequently tested)
What fines may be imposed by the Commission for rules
violations? - CORRECT ANSWERS ✔✔A maximum of
$1,000 for a single offence or $5,000 for multiple
violations
Charging advance brokerage fees is - CORRECT
ANSWERS ✔✔a duty of a broker.
Agency can best be described as - CORRECT ANSWERS
✔✔a written representation agreement between broker
and client.
Which is true concerning the Commission Chairperson? -
CORRECT ANSWERS ✔✔He is appointed by the
Commission members annually.
The Georgia Real Estate Commission is - CORRECT
ANSWERS ✔✔comprised of 6 members appointed by the
governor and confirmed by the Senate.
,Which of the following best describes a brokerage
agreement? - CORRECT ANSWERS ✔✔A written
compensatory agreement between broker and seller
The Commission's disciplinary authority includes -
CORRECT ANSWERS ✔✔requiring periodic accounting
reports related to trust violations.
One of the responsibilities of Commission members is to -
CORRECT ANSWERS ✔✔monitor the availability of
licensure to the public.
Brokerage related activities not requiring the exercise of
the licensee's own judgment best describe - CORRECT
ANSWERS ✔✔ministerial acts.
The license period in Georgia is - CORRECT ANSWERS
✔✔4 years for both salesperson and brokers.
Which of the following describes the property
management licensing exemption? - CORRECT
ANSWERS ✔✔When any individual employed by a broker
assists in property management services on residential
property
,Concerning the Georgia licensing exam, which of the
following is true? - CORRECT ANSWERS ✔✔A passing
grade of 75% or higher is required.
The "innkeeper's" exemption is characterized by -
CORRECT ANSWERS ✔✔a written agreement with
owner involving occupancy not exceeding 90 days.
Which is true concerning a lapsed license? - CORRECT
ANSWERS ✔✔The license must be immediately
surrendered to the Commission.
Once a salesperson has been issued his original license,
he or she must satisfactorily complete a mandatory
______ course of post-license study. - CORRECT
ANSWERS ✔✔25-hour
Signing a Consent to Jurisdiction form relates to -
CORRECT ANSWERS ✔✔qualifying for non-resident
licensure in another state.
qualifying for non-resident licensure in another state. -
CORRECT ANSWERS ✔✔Both brokers and associate
brokers may serve as the qualifying broker with multiple
licensed firms.
, Which is true concerning a non-resident licensee applying
for a Georgia license. - CORRECT ANSWERS ✔✔Must
submit proof of current licensure from the applicant's
state of residence
If a broker applicant does not apply for a license within
one year of passing the exam, the applicant must -
CORRECT ANSWERS ✔✔retake the licensing exam.
Which of the following is true concerning Georgia
business licenses? - CORRECT ANSWERS ✔✔One broker
is designated as the company's qualifying broker.
One broker is designated as the company's qualifying
broker. - CORRECT ANSWERS ✔✔a lapsed license
requiring reinstatement and renewal fees.
A licensee on inactive status who changes his or her
address must notify the Commission of the new address -
CORRECT ANSWERS ✔✔within 30 days.
Which is correct concerning an original license activation?
- CORRECT ANSWERS ✔✔Individual and firm applicants
must pay an activation fee and renewal fee.
Questions with correct answers
(frequently tested)
What fines may be imposed by the Commission for rules
violations? - CORRECT ANSWERS ✔✔A maximum of
$1,000 for a single offence or $5,000 for multiple
violations
Charging advance brokerage fees is - CORRECT
ANSWERS ✔✔a duty of a broker.
Agency can best be described as - CORRECT ANSWERS
✔✔a written representation agreement between broker
and client.
Which is true concerning the Commission Chairperson? -
CORRECT ANSWERS ✔✔He is appointed by the
Commission members annually.
The Georgia Real Estate Commission is - CORRECT
ANSWERS ✔✔comprised of 6 members appointed by the
governor and confirmed by the Senate.
,Which of the following best describes a brokerage
agreement? - CORRECT ANSWERS ✔✔A written
compensatory agreement between broker and seller
The Commission's disciplinary authority includes -
CORRECT ANSWERS ✔✔requiring periodic accounting
reports related to trust violations.
One of the responsibilities of Commission members is to -
CORRECT ANSWERS ✔✔monitor the availability of
licensure to the public.
Brokerage related activities not requiring the exercise of
the licensee's own judgment best describe - CORRECT
ANSWERS ✔✔ministerial acts.
The license period in Georgia is - CORRECT ANSWERS
✔✔4 years for both salesperson and brokers.
Which of the following describes the property
management licensing exemption? - CORRECT
ANSWERS ✔✔When any individual employed by a broker
assists in property management services on residential
property
,Concerning the Georgia licensing exam, which of the
following is true? - CORRECT ANSWERS ✔✔A passing
grade of 75% or higher is required.
The "innkeeper's" exemption is characterized by -
CORRECT ANSWERS ✔✔a written agreement with
owner involving occupancy not exceeding 90 days.
Which is true concerning a lapsed license? - CORRECT
ANSWERS ✔✔The license must be immediately
surrendered to the Commission.
Once a salesperson has been issued his original license,
he or she must satisfactorily complete a mandatory
______ course of post-license study. - CORRECT
ANSWERS ✔✔25-hour
Signing a Consent to Jurisdiction form relates to -
CORRECT ANSWERS ✔✔qualifying for non-resident
licensure in another state.
qualifying for non-resident licensure in another state. -
CORRECT ANSWERS ✔✔Both brokers and associate
brokers may serve as the qualifying broker with multiple
licensed firms.
, Which is true concerning a non-resident licensee applying
for a Georgia license. - CORRECT ANSWERS ✔✔Must
submit proof of current licensure from the applicant's
state of residence
If a broker applicant does not apply for a license within
one year of passing the exam, the applicant must -
CORRECT ANSWERS ✔✔retake the licensing exam.
Which of the following is true concerning Georgia
business licenses? - CORRECT ANSWERS ✔✔One broker
is designated as the company's qualifying broker.
One broker is designated as the company's qualifying
broker. - CORRECT ANSWERS ✔✔a lapsed license
requiring reinstatement and renewal fees.
A licensee on inactive status who changes his or her
address must notify the Commission of the new address -
CORRECT ANSWERS ✔✔within 30 days.
Which is correct concerning an original license activation?
- CORRECT ANSWERS ✔✔Individual and firm applicants
must pay an activation fee and renewal fee.
