Barney Fletcher Cram Exam 4
Actual Exam Questions & Verified Answers /Latest 2025
1. The maximum amount that may be obtained through the Recovery Fund for the acts of one
licensee is:
A. $25,000
B. $45,000
C. $75,000
D. $1,000,000:
C. $75,000
2. How long does a listing firm have after the expiration or termination of the listing to remove
the "for sale" sign?
A. 30 days
B. 10 days
C. immediately
D. 1 year:
B. 10 days
3. If an individual has been discovered to have been selling real estate without a license, he is
subject to the following except:
A. being fined up to $1,000 per day by the GREC
B. being issued a cease-and-desist order by the GREC
C. having his license suspended or revoked by the GREC
D. having his information turned over to the Attorney General for possible criminal
investigation:
C. having his license suspended or revoked by the GREC
4. Under what circumstances may a salesperson file a listing contract to create a lien?
A. when a valid claim exists under the listing contract
B. when such filing does create a cloud on the title
C. when the salesperson's broker has not paid him/her a commission duly earned
D. under no circumstances:
D. under no circumstances
5. Which of the following actions by a broker is a violation of the Georgia License Law?
1/5
, A. accepting from the customer a $500 commission not disclosed to the principal
B. depositing an earnest money check in an interest-bearing checking account without the
written permission from both parties
C. placing a "for sale" sign on the property after telephoning the seller and obtaining oral
permission to do so
D. all of the above:
D. all of the above
6. Federal Fair Housing Laws prohibit any discrimination by any person because of which of
the following except:
A. sex
B. age
C. color
D. race:
B. age
7. Which of the following is not exempt from license law?
A. a full time employee hired by a property owner for the purposes of managing that owner's
property
B. a referral agent who receives a fee from both the apartment management and the new
tenant
C. an employee of a federal agency in the conduct of his/her official duties
D. an attorney in fact acting under a duly executed power of attorney:
B. a referral agent who receives a fee from both the apartment management and the new tenant
8. When must a person signing a listing agreement be furnished a copy?
A. at closing
B. at the time of signing
C. on demand
D. within 10 days:
B. at the time of signing
9. A salesperson has been paying $100 to each unlicensed person who sends him a referral
which results in a sale. Such a payment of a referral fee is which of the following?
A. ok and a good business practice
B. a violation of RESPA
C. an unfair trade practice
D. a violation of Federal Fair Housing laws:
2/5
Actual Exam Questions & Verified Answers /Latest 2025
1. The maximum amount that may be obtained through the Recovery Fund for the acts of one
licensee is:
A. $25,000
B. $45,000
C. $75,000
D. $1,000,000:
C. $75,000
2. How long does a listing firm have after the expiration or termination of the listing to remove
the "for sale" sign?
A. 30 days
B. 10 days
C. immediately
D. 1 year:
B. 10 days
3. If an individual has been discovered to have been selling real estate without a license, he is
subject to the following except:
A. being fined up to $1,000 per day by the GREC
B. being issued a cease-and-desist order by the GREC
C. having his license suspended or revoked by the GREC
D. having his information turned over to the Attorney General for possible criminal
investigation:
C. having his license suspended or revoked by the GREC
4. Under what circumstances may a salesperson file a listing contract to create a lien?
A. when a valid claim exists under the listing contract
B. when such filing does create a cloud on the title
C. when the salesperson's broker has not paid him/her a commission duly earned
D. under no circumstances:
D. under no circumstances
5. Which of the following actions by a broker is a violation of the Georgia License Law?
1/5
, A. accepting from the customer a $500 commission not disclosed to the principal
B. depositing an earnest money check in an interest-bearing checking account without the
written permission from both parties
C. placing a "for sale" sign on the property after telephoning the seller and obtaining oral
permission to do so
D. all of the above:
D. all of the above
6. Federal Fair Housing Laws prohibit any discrimination by any person because of which of
the following except:
A. sex
B. age
C. color
D. race:
B. age
7. Which of the following is not exempt from license law?
A. a full time employee hired by a property owner for the purposes of managing that owner's
property
B. a referral agent who receives a fee from both the apartment management and the new
tenant
C. an employee of a federal agency in the conduct of his/her official duties
D. an attorney in fact acting under a duly executed power of attorney:
B. a referral agent who receives a fee from both the apartment management and the new tenant
8. When must a person signing a listing agreement be furnished a copy?
A. at closing
B. at the time of signing
C. on demand
D. within 10 days:
B. at the time of signing
9. A salesperson has been paying $100 to each unlicensed person who sends him a referral
which results in a sale. Such a payment of a referral fee is which of the following?
A. ok and a good business practice
B. a violation of RESPA
C. an unfair trade practice
D. a violation of Federal Fair Housing laws:
2/5
