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Chapter 1 Georgia License Law - Chapter Review

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Chapter 1 Georgia License Law - Chapter Review

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Chapter 1 Georgia License Law - Chapter
Review with correct answers 2025/2026



Agency - correct answersevery relationship in which a real estate broker acts for or represents
another as a client by the latter's written authority in a real property transaction



Associate Broker - correct answersa person who acts on behalf of a real estate broker in
performing any act authorized by this chapter to be per formed by the broker



Broker - correct answersdirect agent of the principal who is hired for compensation to perform a
stated service such a procuring a customer



Brokerage - correct answersthe business of procuring customers on behalf of clients for the
purpose of completing a real estate transaction



Brokerage agreement - correct answersan express written contract wherein the client promises
to pay the RE broker a fee for producing a customer who is ready, willing and able to complete
an RE transaction, or agreeing to a fee for performing property management services or
community association management services



Commission - correct answersThe GA RE Commission



Commissioner - correct answersthe real estate commissioner - not the same as a commission
member

,Community association - correct answersan owner organization of a residential or mixed use
common interest realty association in which membership is mandatory as an incident of
ownership within the development



Community association management services - correct answersmanagement or admin services
for a fee for the operations of the affairs of the community association, generally overseeing the
day-to-day operations



Community association manager - correct answersa person who acts on behalf of a real estate
broker in providing only community association management services



Firm - correct answersany business entity including a corporation, a partnership, LLC or sole
proprietorship



Licensee - correct answersany person who is licensed as a community association manager,
salesperson, associate broker or broker



Ministerial acts - correct answersthose tasks related to real estate brokerage activities which a
licensee or licensee's employee performs and does not require discretion of the licensee's own
judgement



Property management services - correct answersfor a fee referring prospective tenants, overall
management of property pursuant to a property management agreement



Purchaser - correct answersa person who acquired or attempts to acquire or succeeds to an
interest in land



Real estate - correct answersland and all manmade structures permanently attached to it



Salesperson - correct answersany person other than an associate broker who acts on behalf of
an RE broker in performing any act authorized to be performed by the broker

,State - correct answersany state, district, territory, possession or province of the US or Canada
and any sovereign nation or any political subdivision of such sovereign nation



What is the purpose of the Georgia Real Estate Law? - correct answersin effect since 1925, to
protect the public against dishonest or incompetent RE agents and to protect RE agents from
unfair competition and lay out standards by which licensees are expected to abide,
administration of the law falls under the GA RE Commission



How many members make up the GA RE Commission? - correct answers6



Who appoints the GA RE Commission members? - correct answersgovernor of GA and then
confirmed by the GA state senate



5 of the GA RE Commission members must have what? - correct answersreal estate license, be
active for a minimum of 5 years and resident of GA for minimum of 5 years



1 of the GA RE Commission members must have what? - correct answersan interest in
consumer affairs, but no interest in the real estate industry



How long are the GA RE Commission terms? - correct answers5 years



How are the GA RE Commission member term's arranged? - correct answersstaggered and only
one licensed member can expire each year



If there is a vacancy in the GA RE Commission, who fills the seat? - correct answersthe governor



Who names the GA RE Commission successors? - correct answersthe governor



Who has the authority to remove GA RE Commission members from office? - correct
answersthe governor

, What reason does the governor have to remove a GA RE Commission member from office? -
correct answersincompetence

dishonesty

neglect of duties

inability to perform the necessary duties



Who appoints to GA RE Commission Chairperson every year? - correct answerscommission
members



How are you eligible to be a GA RE Commission Chairperson? - correct answersserved on the
Commission for a minimum of 1 year



How much time does each member of the Commission devote to their duties? - correct
answers2-3 days per month



What tasks are the Commission members responsible for? - correct answersattending meetings,

reading large volumes of preparatory materials for the meetings,

hearing presentations on a variety of regulatory and procedural issues,

evaluating and subsequently voting on issues



How often or GA RE Commission meetings held? - correct answers1 per month



How many Commission members create a quorum? - correct answers4



What does the public mistakenly think is the role of GA RE Commission? - correct
answersrepresent the public or represent the real estate industry, thus it is essential for
Commission members to guard against personal biases that could improperly influence
decisions

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