Barney Fletcher Review (Chap 1-5 Latest Update)

Which of the following are appointed by the governor? a. Members of the Georgia Real Estate Commission. b. The Real Estate Commissioner. c. Real estate instructors. d. Georgia Real Estate Commission employees. - ANSWER a. Members of the Georgia Real Estate Commission. Bill knows that his neighbor Carol wants to sell her house. Bill's friend Sam tells Bill that he would like to buy a house in Bill's neighborhood. Bill introduces Sam and Carol. Sam ends up buying Carol's house. Bill is not licensed. Can Bill receive a referral fee for this? a. No, only licensed individuals can receive referral fees. b. Yes, Bill can receive a referral fee from Carol's broker. c. Yes, Bill can receive a referral fee from Sam. d. Yes, Bill can receive a referral fee from Carol. - ANSWER d. Yes, Bill can receive a referral fee from Carol. All employees of the commission must be unlicensed or inactive, but all commission members must be active real estate licensees. a. True. b. False. - ANSWER b. False.