GEORGIA REAL ESTATE 2026 PREMIUM REVIEW
MATERIAL CORRECT ANSWERS GRADED A+
◉ who can be licensed as a real estate broker? Answer: a corporation, a
partnership, an actual person
◉ what is not a real estate license catergory Answer: attorney in fact
◉ a real estate listing is a contract between Answer: the owner and the
listing broker
◉ the ultimate responsibility foramistake in a document prepared by a
real estate salesperson rests Answer: upon the employing broker
◉ continuing education requirements exist for the purpose of Answer:
requiring licenses to stay up to date in their field
◉ before being granted an original salesperson's license, an applicant
must Answer: pass the eximination for salesperson licensure, name the
broker with whom the applicant will be associated, complete any state
mandated education requirements
◉ brokers who wish to operate outside their home state will usually be
required to file a notice of consent with the secretary of state in Answer:
each state in which they wish to operate
,◉ real estate brokers may operate a business as a sole proprietorship
under Answer: a trade name
◉ for a corporation to be granted a license an a real estate broker
Answer: a designated officer must be a licensed broker
◉ In Georgia, a branch office maintained by a licensed brokerage firm
must Answer: provide for adequate supervision
◉ the requirement that a real estate agent hold a realestate license is set
by the Answer: legislature
◉ In georgia, members of the real estate commission are Answer: non
employees appointed by the governor
◉ real estate salespeople may reasonably expect to work Answer: on
commission
◉ the term REALTOR applies to any Answer: member of the
NATIONAL ASSOCIATION OF REALTORS
◉ any person who earns a real estate commission and is not licensed is
guilty of Answer: breaking the law
,◉ what persons are specifically exempt from holding a real estate
license Answer: executors of estates
◉ a license may be revoked upon proof of Answer: violation of fair
housing law
◉ property owners who want to sell their home are NOT interested in
Answer: how much the listing salesperson will earn
◉ what would not defined as an essential element of a contract Answer:
in writing
◉ a contract based upon a promise exchanged for a promise is a Answer:
bilateral contract
◉ a contract based upon one party's promisse in exchange for an act
from the other property is classified as Answer: a unilateral contract
◉ a unilateral contract is enforceable against Answer: the offeror
◉ a contract binding on one party but not the other is Answer: voidable
, ◉ a person who has not reached the age of majority is also known as
Answer: minor
◉ as a rule, a contract between an adult and a minor is NOT Answer:
enforceable against the minor
◉ an attorney in fact derives powers from Answer: a power of attorney
◉ a partnership may contract in the name of Answer: the partnership
◉ when an offeror makes a valid offer and communicates it to the
offeree, which of the following is NOT an option of the offere Answer:
to bind the offeror to the counteroffer
◉ an offer may not be teerminated by Answer: acceptance by the offeror
◉ a contract with a defect is considered to be Answer: voidable
◉ an act intended to deceive the other party in a contract is Answer:
fraud
◉ a contract made as a joke orin jest is precluded from becoming a valid
contract because it lacks Answer: contractual intent
MATERIAL CORRECT ANSWERS GRADED A+
◉ who can be licensed as a real estate broker? Answer: a corporation, a
partnership, an actual person
◉ what is not a real estate license catergory Answer: attorney in fact
◉ a real estate listing is a contract between Answer: the owner and the
listing broker
◉ the ultimate responsibility foramistake in a document prepared by a
real estate salesperson rests Answer: upon the employing broker
◉ continuing education requirements exist for the purpose of Answer:
requiring licenses to stay up to date in their field
◉ before being granted an original salesperson's license, an applicant
must Answer: pass the eximination for salesperson licensure, name the
broker with whom the applicant will be associated, complete any state
mandated education requirements
◉ brokers who wish to operate outside their home state will usually be
required to file a notice of consent with the secretary of state in Answer:
each state in which they wish to operate
,◉ real estate brokers may operate a business as a sole proprietorship
under Answer: a trade name
◉ for a corporation to be granted a license an a real estate broker
Answer: a designated officer must be a licensed broker
◉ In Georgia, a branch office maintained by a licensed brokerage firm
must Answer: provide for adequate supervision
◉ the requirement that a real estate agent hold a realestate license is set
by the Answer: legislature
◉ In georgia, members of the real estate commission are Answer: non
employees appointed by the governor
◉ real estate salespeople may reasonably expect to work Answer: on
commission
◉ the term REALTOR applies to any Answer: member of the
NATIONAL ASSOCIATION OF REALTORS
◉ any person who earns a real estate commission and is not licensed is
guilty of Answer: breaking the law
,◉ what persons are specifically exempt from holding a real estate
license Answer: executors of estates
◉ a license may be revoked upon proof of Answer: violation of fair
housing law
◉ property owners who want to sell their home are NOT interested in
Answer: how much the listing salesperson will earn
◉ what would not defined as an essential element of a contract Answer:
in writing
◉ a contract based upon a promise exchanged for a promise is a Answer:
bilateral contract
◉ a contract based upon one party's promisse in exchange for an act
from the other property is classified as Answer: a unilateral contract
◉ a unilateral contract is enforceable against Answer: the offeror
◉ a contract binding on one party but not the other is Answer: voidable
, ◉ a person who has not reached the age of majority is also known as
Answer: minor
◉ as a rule, a contract between an adult and a minor is NOT Answer:
enforceable against the minor
◉ an attorney in fact derives powers from Answer: a power of attorney
◉ a partnership may contract in the name of Answer: the partnership
◉ when an offeror makes a valid offer and communicates it to the
offeree, which of the following is NOT an option of the offere Answer:
to bind the offeror to the counteroffer
◉ an offer may not be teerminated by Answer: acceptance by the offeror
◉ a contract with a defect is considered to be Answer: voidable
◉ an act intended to deceive the other party in a contract is Answer:
fraud
◉ a contract made as a joke orin jest is precluded from becoming a valid
contract because it lacks Answer: contractual intent
