GEORGIA REAL ESTATE EXAM WITH 80 QUESTIONS
& CORRECT ANSWERS LATEST 2025
One of the significant differences between an employee and an independent
contractor is that - ANSWER-an employee must be covered by workman's
compensation
Besides the seller, who may sign a real estate listing agreement - ANSWER-The
broker or any salesperson with the broker's written permission
This is required to be included in an exclusive agency listing agreement? -
ANSWER-The signature of the seller and a definite date of expiration
The following will NOT automatically terminate a listing agreement - ANSWER-
The death of the salesperson
If a real estate commission has been earned but the seller refuses to pay the
commission due at closing, the proper parties in any lawsuit for the unpaid
commission are - ANSWER-The listing broker against the seller
The price for a property stated in the listing agreement is usually set by -
ANSWER-The seller with the advice of the broker
Price fixing between brokers is a violation of federal anti-trust laws. If your broker
fixes prices with another broker may - ANSWER-be found guilty of a criminal
offense, civilly liable to injured persons, and face disciplinary by the Real Estate
Commissions
, As a salesperson, your broker will compensate you for your sales according to -
ANSWER-a written contract between you and your broker
The salesperson should prepare financing data sheet for each listing. The best way
to obtain the loan amount, interest rate and monthly payment amount information
for the existing mortgage is - ANSWER-to send a written request signed by the
seller to the mortgage lender's office
if the sellers are involved in divorced proceedings what additional item should
appear in the listing agreement - ANSWER-A clause indicating that any sale is
contingent upon final court decree authorizing the sale
When a salesperson has a question while preparing a sales contract the salesperson
should consult the - ANSWER-Salesperson's broker
When should a salesperson prepare a complex sales contract without using
preprinted contract form - ANSWER-Never, since to do so would be practicing
law
Where may a salesperson obtain the legal description of a property for insertion
into the sales contract - ANSWER-By coping it down from the seller's warranty
deed and by seller's security deed.
"As Is" clause in real estate contracts move the risk for defective conditions in the
improvements from the seller to the buyer only if - ANSWER-The seller has made
a full disclosure of all defects to the purchaser before the sales contract was signed
If after signing a real estate sales contract, the parties agree to a modification of
one of the terms then - ANSWER-An amendment should be prepared including the
signature of the parties and reciting additional consideration
& CORRECT ANSWERS LATEST 2025
One of the significant differences between an employee and an independent
contractor is that - ANSWER-an employee must be covered by workman's
compensation
Besides the seller, who may sign a real estate listing agreement - ANSWER-The
broker or any salesperson with the broker's written permission
This is required to be included in an exclusive agency listing agreement? -
ANSWER-The signature of the seller and a definite date of expiration
The following will NOT automatically terminate a listing agreement - ANSWER-
The death of the salesperson
If a real estate commission has been earned but the seller refuses to pay the
commission due at closing, the proper parties in any lawsuit for the unpaid
commission are - ANSWER-The listing broker against the seller
The price for a property stated in the listing agreement is usually set by -
ANSWER-The seller with the advice of the broker
Price fixing between brokers is a violation of federal anti-trust laws. If your broker
fixes prices with another broker may - ANSWER-be found guilty of a criminal
offense, civilly liable to injured persons, and face disciplinary by the Real Estate
Commissions
, As a salesperson, your broker will compensate you for your sales according to -
ANSWER-a written contract between you and your broker
The salesperson should prepare financing data sheet for each listing. The best way
to obtain the loan amount, interest rate and monthly payment amount information
for the existing mortgage is - ANSWER-to send a written request signed by the
seller to the mortgage lender's office
if the sellers are involved in divorced proceedings what additional item should
appear in the listing agreement - ANSWER-A clause indicating that any sale is
contingent upon final court decree authorizing the sale
When a salesperson has a question while preparing a sales contract the salesperson
should consult the - ANSWER-Salesperson's broker
When should a salesperson prepare a complex sales contract without using
preprinted contract form - ANSWER-Never, since to do so would be practicing
law
Where may a salesperson obtain the legal description of a property for insertion
into the sales contract - ANSWER-By coping it down from the seller's warranty
deed and by seller's security deed.
"As Is" clause in real estate contracts move the risk for defective conditions in the
improvements from the seller to the buyer only if - ANSWER-The seller has made
a full disclosure of all defects to the purchaser before the sales contract was signed
If after signing a real estate sales contract, the parties agree to a modification of
one of the terms then - ANSWER-An amendment should be prepared including the
signature of the parties and reciting additional consideration
