Georgia state exam questions and answers
Latest Update 2023 GRADED A+
A dual agency agreement must contain all the following EXCEPT a: - correct
answers ✅statement that the client must consent to dual agency.
Trust funds must be deposited in the broker's trust account: - correct
answers ✅as promptly as is practicably possible.
In addition to suspending and revoking licenses, the Commission is also
empowered to - correct answers ✅issue a cease and desist order
prohibiting a non-licensee from practicing without a license.
Regarding net listings, which of the following is true? - correct answers
✅net listings are illegal in Georgia.
In which of the following situations could a broker distribute earnest money
in compliance with the real estate Commission requirements? - correct
answers ✅When the transaction has closed
Which of these disciplinary actions CANNOT be imposed by the
Commission? - correct answers ✅Fines of up to $10,000 per violation.
,Georgia state exam questions and answers
Latest Update 2023 GRADED A+
The maximum fines that may be imposed by the Commission are $1,000 for
a single violation and $5,000 for multiple violation.
Which of these statements about cooperative ownership is most accurate? -
correct answers ✅A cooperative is owned by a corporation and residents
occupy their units by buying stock
What is the purpose of the Real Estate Education and Recovery Fund? -
correct answers ✅The purpose is to compensate individuals who have
suffered financial loss due to licensees' violations of license law.
Regarding the business relationship of the broker and salesperson, - correct
answers ✅the real estate salesperson may be either an independent
contractor or employee.
Which of the following statements is TRUE regarding the relationship
between a broker and affiliated licensees? - correct answers ✅A broker
might choose an employee relationship if he or she wishes to control a
, Georgia state exam questions and answers
Latest Update 2023 GRADED A+
licensee's work schedule, office hours, floor duty time and general
procedures.
A source, compiler, or supplier of information regarding real estate for sale
or lease includes... - correct answers ✅MLS
Which of the following is true regarding the salesperson 25-hour post-license
course? - correct answers ✅If not completed within one year and licensee
enrolled and paid for the course within one year, license is lapsed and
licensee has an additional six months to comply.
A county or municipal authority generally gives a certificate of occupancy for
new construction only after: - correct answers ✅the construction conforms
with applicable building codes.
Which of these statements could a broker legally make under the Sherman
Anti-Trust laws? - correct answers ✅"A 7% commission is my company's
policy."
Latest Update 2023 GRADED A+
A dual agency agreement must contain all the following EXCEPT a: - correct
answers ✅statement that the client must consent to dual agency.
Trust funds must be deposited in the broker's trust account: - correct
answers ✅as promptly as is practicably possible.
In addition to suspending and revoking licenses, the Commission is also
empowered to - correct answers ✅issue a cease and desist order
prohibiting a non-licensee from practicing without a license.
Regarding net listings, which of the following is true? - correct answers
✅net listings are illegal in Georgia.
In which of the following situations could a broker distribute earnest money
in compliance with the real estate Commission requirements? - correct
answers ✅When the transaction has closed
Which of these disciplinary actions CANNOT be imposed by the
Commission? - correct answers ✅Fines of up to $10,000 per violation.
,Georgia state exam questions and answers
Latest Update 2023 GRADED A+
The maximum fines that may be imposed by the Commission are $1,000 for
a single violation and $5,000 for multiple violation.
Which of these statements about cooperative ownership is most accurate? -
correct answers ✅A cooperative is owned by a corporation and residents
occupy their units by buying stock
What is the purpose of the Real Estate Education and Recovery Fund? -
correct answers ✅The purpose is to compensate individuals who have
suffered financial loss due to licensees' violations of license law.
Regarding the business relationship of the broker and salesperson, - correct
answers ✅the real estate salesperson may be either an independent
contractor or employee.
Which of the following statements is TRUE regarding the relationship
between a broker and affiliated licensees? - correct answers ✅A broker
might choose an employee relationship if he or she wishes to control a
, Georgia state exam questions and answers
Latest Update 2023 GRADED A+
licensee's work schedule, office hours, floor duty time and general
procedures.
A source, compiler, or supplier of information regarding real estate for sale
or lease includes... - correct answers ✅MLS
Which of the following is true regarding the salesperson 25-hour post-license
course? - correct answers ✅If not completed within one year and licensee
enrolled and paid for the course within one year, license is lapsed and
licensee has an additional six months to comply.
A county or municipal authority generally gives a certificate of occupancy for
new construction only after: - correct answers ✅the construction conforms
with applicable building codes.
Which of these statements could a broker legally make under the Sherman
Anti-Trust laws? - correct answers ✅"A 7% commission is my company's
policy."
