REAL ESTATE U
Georgia Real Estate U Final Exam Study
Questions and Answers 2025
What is a lien theory state? -Correct Answer ✔The homeowner holds the deed for the
property throughout the entire loan.
There is a mixed-use property for sale in Cassie's community, and a buyer walks into
her office looking for a residential space. Should Cassie consider showing him the
property zoned mixed-use? -Correct Answer ✔Yes, because mixed-use is a
combination of commercial and residential real estate
An investor who bought a rental house needs someone to take care of the property,
screen prospective renters, coordinate repairs, handle maintenance and tenant
concerns, and evictions, if necessary. He's looking for a...? -Correct Answer ✔Property
manager
In economics, supply is...? -Correct Answer ✔The quantity of goods or services
available, whether in abundance or scarcity.
In economics, demand is...? -Correct Answer ✔The supply of willing and able
consumers, which can be few or numerous.
When the supply is limited and demand is high...? -Correct Answer ✔Prices escalate
To become a real estate broker, a person must have...? -Correct Answer ✔Experience
as an agent, a broker's license, and additional education.
Real estate brokers are paid a commission for the sales, and...? -Correct Answer ✔The
commission, which can vary, is split between the broker and agent.
Property types are generally categorized by the ............ that applies to that property. -
Correct Answer ✔Zoning Law
A family is going to build their dream home, and they've looked at several house plans,
but they haven't found one that is exactly right. They'd like to take some parts from one
plan and combine it with parts from another, with some additional innovations of their
own. They want someone who can design and plan their home and work with the
contractors to build it. The person they need to find is ...? -Correct Answer ✔An
Architect
Single family homes are...? -Correct Answer ✔Private freestanding residential houses
REAL ESTATE U
,REAL ESTATE U
The effect of the first-time homebuyer's tax credit was to...? -Correct Answer ✔Motivate
people to buy homes
Real estate agents work with...? -Correct Answer ✔Buyers and Sellers
When supply is plentiful and demand is low...? -Correct Answer ✔Prices drop
Sam is looking for a warehouse, and he wants to find a real estate agent or broker who
is knowledgeable in this area. He's starting a business, and it will require space for
assembly and production, but he also needs to be able to use it for distribution,
warehousing, and research and development. He needs to find...? -Correct Answer ✔A
agent that specializes in industrial property
Single-family homes and single-family lots are always considered...? -Correct Answer
✔Residential Property
Fill in the blank. ............ represent both the buyer and seller or both the tenant and
landlord in the same transaction. -Correct Answer ✔Dual Agents
If you serve in the army reserve and are studying to be a broker, you effectively get 10
points added to your score. Which of the following is true? -Correct Answer ✔5 points
are added in each of Information Gathering and Decision Making sections.
If the Commission denies your application based on a conviction or disciplinary action,
what rights do you have? -Correct Answer ✔You have the right to a hearing for a final
determination.
Every salesperson has to provide the Commission with evidence that they completed a
............ post-license course within one year of obtaining their license. -Correct Answer
✔25 hours
Hans Rosenstein moved from Florida, where he was a sales agent, to Georgia. Hans
completed his post-license course in Florida, a state considered similar to Georgia in
terms of real estate law. Does Hans have to take the post-license course in Georgia? -
Correct Answer ✔No
Jolie Harper is a licensed real estate agent in a Georgia brokerage. She is offered a job
selling condos for the unlicensed owner-developer. Jolie must ............ and will have to
reapply if she decides to practice as a salesperson under a brokerage again. -Correct
Answer ✔Inactive her license
Any lapse longer than two years and under five years can be reinstated by paying back
fees and taking the appropriate class. Which of the following is not a valid answer? -
Correct Answer ✔For appraisers, they must take the Salespersons Prelicense Course.
REAL ESTATE U
,REAL ESTATE U
Prince Stover moves his Athens brokerage to a location with more foot traffic. He must
notify the Commission within ............ days of his new address. -Correct Answer ✔30
............ is required prior to advertising property for rent, sale, lease or exchange. -
Correct Answer ✔Written permission to advertise
If a licensee makes an offer on a property as part of a brokerage engagement or an
extension of an engagement, the terms and conditions of the engagement must be set
down in a...? -Correct Answer ✔Written agreement
Fill in the appropriate amounts. The activation fee to apply for a license as an individual
or associate broker, salesperson, or community association manager is ............. The
activation fee for a new firm, school or instructor is ............. Both fees include $20
toward the Real Estate Education, Research and Recovery Fund. -Correct Answer
✔$45 (Dollars) / $75 (Dollars)
Kit Benning is a sales agent who decides to buy a property currently listed for her
clients, the Winstons. Kit finds a home that the Winstons wish to purchase. While
drawing up the sales contracts, she makes her purchase of the Winstons home
contingent on their extending the brokerage engagement by 60 days to allow time for
the closings. Which of the following is true? -Correct Answer ✔This meets the
requirement of the rule.
A licensee cannot falsify a record, or knowingly allow a record to be falsified, either
orally or in writing, by a third party. This rule covers the following misinformation,
EXCEPT: -Correct Answer ✔The actual real lease, sales, or exchange price
When representing the seller, a licensee is obligated to present ............ to procure a
property for sale. -Correct Answer ✔Any signed offer
A broker should keep copies of documents and records for...? -Correct Answer ✔3
years
If a broker wants to open a brokerage under a fictitious name, the brokerage license
must be under the...? -Correct Answer ✔Fictious name
Every broker has to maintain an accounting system to include the following information,
EXCEPT: -Correct Answer ✔The name of the broker's lawyer.
............ involve licensees with property management relationships with their clients. Any
written property management agreement must identify the property being managed and
list the terms and conditions of the manager's responsibilities. -Correct Answer
✔Management Agreements
REAL ESTATE U
, REAL ESTATE U
Drew Fenstemaker writes a contract that guarantees seller Warren Wilson $100,000 for
his property, while Drew walks away with any amount resulting from a sales price over
$100,000. However, if the home sells for less than $100,000, Drew must make up the
deficit. Which of the following statements is correct? -Correct Answer ✔Even if Warren
is happy with this arrangement, net brokerage agreements are illegal in Georgia and
Drew is risking his license with this rather shady deal.
The Georgia Real Estate Commission includes a chair and...? -Correct Answer ✔Vice
Chair
The Commissioner and all Commission appointees who hold a real estate license...? -
Correct Answer ✔Shall maintain their license as inactive while serving on the
Commission
When taking funds from a client for deposits, prepaid taxes or insurance, or for any
other reason a licensee...? -Correct Answer ✔Must keep the funds segregated by
opening a separate trust or escrow account
Money received from a client as an earnest deposit, a security deposit and deposited in
a trust account...? -Correct Answer ✔Cannot be withdrawn to pay a Commission to the
real estate professional unless the transaction is complete
Disbursing funds from a trust account requires the authorization of...? -Correct Answer
✔All parties to any contract where funds were collected
Should any licensee be accused of fraudulent representation the Commission may...? -
Correct Answer ✔Conduct a thorough investigation including a review of their books
and trust accounts
Contracts issued to potential buyers or sellers must...? -Correct Answer ✔Contain a
start and finish date, be in compliance with Georgia law, and disclose any conflicts of
interest
If you have a real estate license, and you are faced with a disciplinary hearing because
of something the Commission finds out, you have the right to...? -Correct Answer
✔Judicial review of your case in the event the Commission suspends or revokes your
license
The Commission may request a court issue a cease and desist order when...? -Correct
Answer ✔Someone participates in a transaction by falsely representing they are
licensed
Applicants for a real estate license in Georgia must...? -Correct Answer ✔Be 18 years of
age, a resident of Georgia, and have a high school diploma or GED
REAL ESTATE U
Georgia Real Estate U Final Exam Study
Questions and Answers 2025
What is a lien theory state? -Correct Answer ✔The homeowner holds the deed for the
property throughout the entire loan.
There is a mixed-use property for sale in Cassie's community, and a buyer walks into
her office looking for a residential space. Should Cassie consider showing him the
property zoned mixed-use? -Correct Answer ✔Yes, because mixed-use is a
combination of commercial and residential real estate
An investor who bought a rental house needs someone to take care of the property,
screen prospective renters, coordinate repairs, handle maintenance and tenant
concerns, and evictions, if necessary. He's looking for a...? -Correct Answer ✔Property
manager
In economics, supply is...? -Correct Answer ✔The quantity of goods or services
available, whether in abundance or scarcity.
In economics, demand is...? -Correct Answer ✔The supply of willing and able
consumers, which can be few or numerous.
When the supply is limited and demand is high...? -Correct Answer ✔Prices escalate
To become a real estate broker, a person must have...? -Correct Answer ✔Experience
as an agent, a broker's license, and additional education.
Real estate brokers are paid a commission for the sales, and...? -Correct Answer ✔The
commission, which can vary, is split between the broker and agent.
Property types are generally categorized by the ............ that applies to that property. -
Correct Answer ✔Zoning Law
A family is going to build their dream home, and they've looked at several house plans,
but they haven't found one that is exactly right. They'd like to take some parts from one
plan and combine it with parts from another, with some additional innovations of their
own. They want someone who can design and plan their home and work with the
contractors to build it. The person they need to find is ...? -Correct Answer ✔An
Architect
Single family homes are...? -Correct Answer ✔Private freestanding residential houses
REAL ESTATE U
,REAL ESTATE U
The effect of the first-time homebuyer's tax credit was to...? -Correct Answer ✔Motivate
people to buy homes
Real estate agents work with...? -Correct Answer ✔Buyers and Sellers
When supply is plentiful and demand is low...? -Correct Answer ✔Prices drop
Sam is looking for a warehouse, and he wants to find a real estate agent or broker who
is knowledgeable in this area. He's starting a business, and it will require space for
assembly and production, but he also needs to be able to use it for distribution,
warehousing, and research and development. He needs to find...? -Correct Answer ✔A
agent that specializes in industrial property
Single-family homes and single-family lots are always considered...? -Correct Answer
✔Residential Property
Fill in the blank. ............ represent both the buyer and seller or both the tenant and
landlord in the same transaction. -Correct Answer ✔Dual Agents
If you serve in the army reserve and are studying to be a broker, you effectively get 10
points added to your score. Which of the following is true? -Correct Answer ✔5 points
are added in each of Information Gathering and Decision Making sections.
If the Commission denies your application based on a conviction or disciplinary action,
what rights do you have? -Correct Answer ✔You have the right to a hearing for a final
determination.
Every salesperson has to provide the Commission with evidence that they completed a
............ post-license course within one year of obtaining their license. -Correct Answer
✔25 hours
Hans Rosenstein moved from Florida, where he was a sales agent, to Georgia. Hans
completed his post-license course in Florida, a state considered similar to Georgia in
terms of real estate law. Does Hans have to take the post-license course in Georgia? -
Correct Answer ✔No
Jolie Harper is a licensed real estate agent in a Georgia brokerage. She is offered a job
selling condos for the unlicensed owner-developer. Jolie must ............ and will have to
reapply if she decides to practice as a salesperson under a brokerage again. -Correct
Answer ✔Inactive her license
Any lapse longer than two years and under five years can be reinstated by paying back
fees and taking the appropriate class. Which of the following is not a valid answer? -
Correct Answer ✔For appraisers, they must take the Salespersons Prelicense Course.
REAL ESTATE U
,REAL ESTATE U
Prince Stover moves his Athens brokerage to a location with more foot traffic. He must
notify the Commission within ............ days of his new address. -Correct Answer ✔30
............ is required prior to advertising property for rent, sale, lease or exchange. -
Correct Answer ✔Written permission to advertise
If a licensee makes an offer on a property as part of a brokerage engagement or an
extension of an engagement, the terms and conditions of the engagement must be set
down in a...? -Correct Answer ✔Written agreement
Fill in the appropriate amounts. The activation fee to apply for a license as an individual
or associate broker, salesperson, or community association manager is ............. The
activation fee for a new firm, school or instructor is ............. Both fees include $20
toward the Real Estate Education, Research and Recovery Fund. -Correct Answer
✔$45 (Dollars) / $75 (Dollars)
Kit Benning is a sales agent who decides to buy a property currently listed for her
clients, the Winstons. Kit finds a home that the Winstons wish to purchase. While
drawing up the sales contracts, she makes her purchase of the Winstons home
contingent on their extending the brokerage engagement by 60 days to allow time for
the closings. Which of the following is true? -Correct Answer ✔This meets the
requirement of the rule.
A licensee cannot falsify a record, or knowingly allow a record to be falsified, either
orally or in writing, by a third party. This rule covers the following misinformation,
EXCEPT: -Correct Answer ✔The actual real lease, sales, or exchange price
When representing the seller, a licensee is obligated to present ............ to procure a
property for sale. -Correct Answer ✔Any signed offer
A broker should keep copies of documents and records for...? -Correct Answer ✔3
years
If a broker wants to open a brokerage under a fictitious name, the brokerage license
must be under the...? -Correct Answer ✔Fictious name
Every broker has to maintain an accounting system to include the following information,
EXCEPT: -Correct Answer ✔The name of the broker's lawyer.
............ involve licensees with property management relationships with their clients. Any
written property management agreement must identify the property being managed and
list the terms and conditions of the manager's responsibilities. -Correct Answer
✔Management Agreements
REAL ESTATE U
, REAL ESTATE U
Drew Fenstemaker writes a contract that guarantees seller Warren Wilson $100,000 for
his property, while Drew walks away with any amount resulting from a sales price over
$100,000. However, if the home sells for less than $100,000, Drew must make up the
deficit. Which of the following statements is correct? -Correct Answer ✔Even if Warren
is happy with this arrangement, net brokerage agreements are illegal in Georgia and
Drew is risking his license with this rather shady deal.
The Georgia Real Estate Commission includes a chair and...? -Correct Answer ✔Vice
Chair
The Commissioner and all Commission appointees who hold a real estate license...? -
Correct Answer ✔Shall maintain their license as inactive while serving on the
Commission
When taking funds from a client for deposits, prepaid taxes or insurance, or for any
other reason a licensee...? -Correct Answer ✔Must keep the funds segregated by
opening a separate trust or escrow account
Money received from a client as an earnest deposit, a security deposit and deposited in
a trust account...? -Correct Answer ✔Cannot be withdrawn to pay a Commission to the
real estate professional unless the transaction is complete
Disbursing funds from a trust account requires the authorization of...? -Correct Answer
✔All parties to any contract where funds were collected
Should any licensee be accused of fraudulent representation the Commission may...? -
Correct Answer ✔Conduct a thorough investigation including a review of their books
and trust accounts
Contracts issued to potential buyers or sellers must...? -Correct Answer ✔Contain a
start and finish date, be in compliance with Georgia law, and disclose any conflicts of
interest
If you have a real estate license, and you are faced with a disciplinary hearing because
of something the Commission finds out, you have the right to...? -Correct Answer
✔Judicial review of your case in the event the Commission suspends or revokes your
license
The Commission may request a court issue a cease and desist order when...? -Correct
Answer ✔Someone participates in a transaction by falsely representing they are
licensed
Applicants for a real estate license in Georgia must...? -Correct Answer ✔Be 18 years of
age, a resident of Georgia, and have a high school diploma or GED
REAL ESTATE U
