GEORGIA REAL ESTATE EXAM WITH 130+
QUESTIONS & CORRECT ANSWERS LATEST 2025
Which of the following costs is usually a credit on the estimated purchaser's cost
worksheet? - ANSWER-Accrued interest on loan assumed.
prepaid in advance - ANSWER-Hazard insurance is
The payment of the intangibles taxes are: - ANSWER-negotiable between the
buyer and seller
Licensees Baird and Carr decide to form a corporation for the purpose of providing
real estate brokerage services. Which of the following statements is correct
concerning this situation? - ANSWER-If neither Baird or Carr are licensed as
brokers, a qualifying broker must be hired and must be named as an officer of the
corporation
Persons are exempt from the license requirement when they contract primarily to
promote the sale of real estate through listings in a publication issued for that
purpose and their compensation is only in the form of - ANSWER-an advertising
fee.
A licensee transferring to a new broker may continue to act as a licensee for the
former broker with regard to transactions begun prior to the transfer. Which of the
following statements is incorrect concening this situation? - ANSWER-The new
broker agrees in writing to assume responsibility for the licensee's actions
,In Georgia, a person holding only a real estate license could legally do which of
the following? - ANSWER-Complete a CMA or BPO for a seller or buyer.
The Georgia Real Estate Commission is authorized to - ANSWER-appoint the
Real Estate Commissioner
He or she is a part-time employee of the Commission. - ANSWER-Which of the
following is NOT true about the Real Estate Commissioner?
The Georgia Real Estate Commission is NOT authorized to: - ANSWER-set real
estate commission rates charged by licensed brokers.
The Georgia Real Estate Commission is composed of - ANSWER-Six members
each of whom is appointed by the governor and confirmed by the senate for a term
of five years.
When showing a buyer residential properties, a licensee could take into
consideration the buyer's - ANSWER-marital status.
To insure that a minimum balance of $1 million is maintained in the real estate
education, research, and recovery fund the Commission, in addition to the license
fees, may assess each licensee an amount not to exceed: - ANSWER-$30 per year,
to be paid upon renewal of license
The liability of the Education, Research and Recovery Fund is terminated upon the
issuance of court orders authorizing payments in what amount in any single
transaction, regardless of the number of people aggrieved? - ANSWER-$25,000
A buyer sued a real estate salesperson for fraud in a real estate transaction and
received a judgment in the amount of $15,000. The salesperson owns a cabin in
, Gcorgia valued at $10,000, free and clear. For the buyer to file a claim against the
Real Estate Education, Research, and Recovery Fund he must - ANSWER-have
the property levied upon, sold, and file a claim against the Real Estate Education
Research, and Recovery Fund for the balance remaining to satisfy the judgment
The liability of the Real Estate Education, Research, and Recovery Fund for the
acts of a licensee is terminated upon the payments from the fund in aggregate
amounts of - ANSWER-$75,000
If a Georgia real estate broker is required to maintain a trust account or escrow
account, they must provide the Commission with: - ANSWER-both the name of
the bank and the number or name of the account within one month of opening the
account.
In advertising a specific property or properties for sale or rent, all real estate forms
must include in the advertisement: - ANSWER-the name of the firm that is
registered with the Commission and a telephone number for the firm.
In Georgia, if a broker's license is revoked, what is the status of the affiliated sales
associates licenses? - ANSWER-They are forwarded to the Commission and the
licensees shall then transfer the license to another broker or apply to place the
license on inactive status within one month of the Commission receiving it.
A licensee must notify the Commission in writing of a change of address, of the
opening or closing of a designated trust account or transferring to a new company
within: - ANSWER-30 days
Whenever a licensee offers to purchase a property as a condition to oblaining a
brokerage engagement to sell or on which the licensee is extending the expiration
date of an existing engagement, the licensee must: - ANSWER-enter into a written
contract to purchase which expresses all the terms and conditions of the licensee's
QUESTIONS & CORRECT ANSWERS LATEST 2025
Which of the following costs is usually a credit on the estimated purchaser's cost
worksheet? - ANSWER-Accrued interest on loan assumed.
prepaid in advance - ANSWER-Hazard insurance is
The payment of the intangibles taxes are: - ANSWER-negotiable between the
buyer and seller
Licensees Baird and Carr decide to form a corporation for the purpose of providing
real estate brokerage services. Which of the following statements is correct
concerning this situation? - ANSWER-If neither Baird or Carr are licensed as
brokers, a qualifying broker must be hired and must be named as an officer of the
corporation
Persons are exempt from the license requirement when they contract primarily to
promote the sale of real estate through listings in a publication issued for that
purpose and their compensation is only in the form of - ANSWER-an advertising
fee.
A licensee transferring to a new broker may continue to act as a licensee for the
former broker with regard to transactions begun prior to the transfer. Which of the
following statements is incorrect concening this situation? - ANSWER-The new
broker agrees in writing to assume responsibility for the licensee's actions
,In Georgia, a person holding only a real estate license could legally do which of
the following? - ANSWER-Complete a CMA or BPO for a seller or buyer.
The Georgia Real Estate Commission is authorized to - ANSWER-appoint the
Real Estate Commissioner
He or she is a part-time employee of the Commission. - ANSWER-Which of the
following is NOT true about the Real Estate Commissioner?
The Georgia Real Estate Commission is NOT authorized to: - ANSWER-set real
estate commission rates charged by licensed brokers.
The Georgia Real Estate Commission is composed of - ANSWER-Six members
each of whom is appointed by the governor and confirmed by the senate for a term
of five years.
When showing a buyer residential properties, a licensee could take into
consideration the buyer's - ANSWER-marital status.
To insure that a minimum balance of $1 million is maintained in the real estate
education, research, and recovery fund the Commission, in addition to the license
fees, may assess each licensee an amount not to exceed: - ANSWER-$30 per year,
to be paid upon renewal of license
The liability of the Education, Research and Recovery Fund is terminated upon the
issuance of court orders authorizing payments in what amount in any single
transaction, regardless of the number of people aggrieved? - ANSWER-$25,000
A buyer sued a real estate salesperson for fraud in a real estate transaction and
received a judgment in the amount of $15,000. The salesperson owns a cabin in
, Gcorgia valued at $10,000, free and clear. For the buyer to file a claim against the
Real Estate Education, Research, and Recovery Fund he must - ANSWER-have
the property levied upon, sold, and file a claim against the Real Estate Education
Research, and Recovery Fund for the balance remaining to satisfy the judgment
The liability of the Real Estate Education, Research, and Recovery Fund for the
acts of a licensee is terminated upon the payments from the fund in aggregate
amounts of - ANSWER-$75,000
If a Georgia real estate broker is required to maintain a trust account or escrow
account, they must provide the Commission with: - ANSWER-both the name of
the bank and the number or name of the account within one month of opening the
account.
In advertising a specific property or properties for sale or rent, all real estate forms
must include in the advertisement: - ANSWER-the name of the firm that is
registered with the Commission and a telephone number for the firm.
In Georgia, if a broker's license is revoked, what is the status of the affiliated sales
associates licenses? - ANSWER-They are forwarded to the Commission and the
licensees shall then transfer the license to another broker or apply to place the
license on inactive status within one month of the Commission receiving it.
A licensee must notify the Commission in writing of a change of address, of the
opening or closing of a designated trust account or transferring to a new company
within: - ANSWER-30 days
Whenever a licensee offers to purchase a property as a condition to oblaining a
brokerage engagement to sell or on which the licensee is extending the expiration
date of an existing engagement, the licensee must: - ANSWER-enter into a written
contract to purchase which expresses all the terms and conditions of the licensee's
