GA Real Estate Practice Questions and Answers
Latest Update 2023 (Verified Answers) (997 Qs)
GRADED A+
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
,GA Real Estate Practice Questions and Answers
Latest Update 2023 (Verified Answers) (997 Qs)
GRADED A+
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.
,GA Real Estate Practice Questions and Answers
Latest Update 2023 (Verified Answers) (997 Qs)
GRADED A+
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.
, GA Real Estate Practice Questions and Answers
Latest Update 2023 (Verified Answers) (997 Qs)
GRADED A+
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.
Latest Update 2023 (Verified Answers) (997 Qs)
GRADED A+
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
,GA Real Estate Practice Questions and Answers
Latest Update 2023 (Verified Answers) (997 Qs)
GRADED A+
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.
,GA Real Estate Practice Questions and Answers
Latest Update 2023 (Verified Answers) (997 Qs)
GRADED A+
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.
, GA Real Estate Practice Questions and Answers
Latest Update 2023 (Verified Answers) (997 Qs)
GRADED A+
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.
