CE Shop Practice Test – GA with correct
answers 2025/2026
Lacey works for a government agency as an office space location specialist. Her role is to gather
information and locate office space for government agencies. Does she need a real estate
license? - correct answersNo, government employees are an exception to the real estate license
requirement.
Which of the following is a legitimate and legal way that an exclusive right-to-sell listing
agreement may terminate without the seller owing a commission? - correct answersThe listing
agent stops working on the listing.
What information would the Loan Estimate NOT provide to buyers under the TRID-required
disclosures law? - correct answersFinal closing costs
Randa is trying to lower the vacancy rates for the commercial property she manages because
her revenue targets have increased by 8% over the next year. What type of budget contains this
revenue detail? - correct answersOperating budget
When a licensee represents a seller, which one of the following statements is true about the
licensee's ability to list other properties that are for sale? - correct answersThe licensee is
permitted to list other properties for sale, even if they're competing properties.
Fallon is a broker who wants to ensure she is paid, regardless of whether a property sells. She
asks for 4% of the listing price up front, which is lower than her colleague's 6% contingency fee.
What type of fee is this? - correct answersAdvance Fee
Which of the following actions occurs prior to closing? - correct answersThe buyer obtains a
binder for insurance coverage on the new home.
,Which source of law is created through legislation? - correct answersStatutory Law
The two primary purposes of which kind of budget are to help property managers maximize
profitability and to avoid unforeseen major expenses. - correct answersOperating
In which of these situations has the licensee compromised the duties of loyalty and disclosure? -
correct answersNate didn't tell his client about a conflict of interest related to the sale of the
client's property.
Dean is an experienced licensee whose career has focused on mineral, oil, and water rights, and
the science behind soil cultivation. Based on this, what's Dean's likely real estate niche? - correct
answersFarm Brokerage
Which source of law establishes legal precedent? - correct answersCase law
Because these types of properties have both specific physical and complex operational
requirements, they are usually handled by more experienced real estate professionals. - correct
answersIndustrial
What is imputed notice? - correct answersWhen actual knowledge received by an agent is
deemed to have been given to the principal
Who is ultimately responsible for ensuring that any hazardous waste produced at an apartment
complex is properly disposed of? - correct answersThe property owner or manager
A person performing real estate activities under the judgment or order of a court, such as a
trustee in a bankruptcy, is ______. - correct answersAn exception to the real estate licensing
requirement
Bernie is representing Oscar in the sale of Oscar's home. They have signed an exclusive right to
sell listing agreement. If Oscar finds his own buyer, does he owe Bernie a commission? - correct
, answersYes, because exclusive right to sell means Bernie gets paid no matter who finds the
buyer
When discussing brokerage compensation policies, brokers must disclose ______. - correct
answersHow brokers representing other parties will be paid
What option does a licensee have when a notice for a hearing has been received? - correct
answersReach a settlement with the commission, halting the hearing process.
Which of the following duties is owed to both clients and customers? - correct answersPrompt
presentation of all written offers and counter-offers
Genevieve, an unlicensed pre-licensing student, works for Peachtree Real Estate as an office
assistant. She's very good at networking and bringing in new clientele. She receives a salary as a
full-time employee of the firm. The qualifying broker wanted to reward Genevieve for her
commitment to the firm and for drumming up great business. What do we know about this
situation? - correct answersIf the broker compensated Genevieve for her referrals to the firm,
he would be in violation of the unfair trade practices law because he would be paying an
unlicensed individual for referrals, which is prohibited in statute 43-40-25 of Georgia license law
Before applying for relief from the recovery fund, what must a member of the public do, after
receiving a judgment against a licensee for wrongdoing? - correct answersExhaust other legal
remedies
A licensee must notify GREC of a conviction of a crime ______. - correct answersImmeadiately
Which property type is excluded from coverage under the Commercial Real Estate Broker Lien
Act? - correct answersA poultry farm and processing plant
All fair housing complaints must be filed with the Fair Housing Division within ______ of the
alleged violation. - correct answersOne year
answers 2025/2026
Lacey works for a government agency as an office space location specialist. Her role is to gather
information and locate office space for government agencies. Does she need a real estate
license? - correct answersNo, government employees are an exception to the real estate license
requirement.
Which of the following is a legitimate and legal way that an exclusive right-to-sell listing
agreement may terminate without the seller owing a commission? - correct answersThe listing
agent stops working on the listing.
What information would the Loan Estimate NOT provide to buyers under the TRID-required
disclosures law? - correct answersFinal closing costs
Randa is trying to lower the vacancy rates for the commercial property she manages because
her revenue targets have increased by 8% over the next year. What type of budget contains this
revenue detail? - correct answersOperating budget
When a licensee represents a seller, which one of the following statements is true about the
licensee's ability to list other properties that are for sale? - correct answersThe licensee is
permitted to list other properties for sale, even if they're competing properties.
Fallon is a broker who wants to ensure she is paid, regardless of whether a property sells. She
asks for 4% of the listing price up front, which is lower than her colleague's 6% contingency fee.
What type of fee is this? - correct answersAdvance Fee
Which of the following actions occurs prior to closing? - correct answersThe buyer obtains a
binder for insurance coverage on the new home.
,Which source of law is created through legislation? - correct answersStatutory Law
The two primary purposes of which kind of budget are to help property managers maximize
profitability and to avoid unforeseen major expenses. - correct answersOperating
In which of these situations has the licensee compromised the duties of loyalty and disclosure? -
correct answersNate didn't tell his client about a conflict of interest related to the sale of the
client's property.
Dean is an experienced licensee whose career has focused on mineral, oil, and water rights, and
the science behind soil cultivation. Based on this, what's Dean's likely real estate niche? - correct
answersFarm Brokerage
Which source of law establishes legal precedent? - correct answersCase law
Because these types of properties have both specific physical and complex operational
requirements, they are usually handled by more experienced real estate professionals. - correct
answersIndustrial
What is imputed notice? - correct answersWhen actual knowledge received by an agent is
deemed to have been given to the principal
Who is ultimately responsible for ensuring that any hazardous waste produced at an apartment
complex is properly disposed of? - correct answersThe property owner or manager
A person performing real estate activities under the judgment or order of a court, such as a
trustee in a bankruptcy, is ______. - correct answersAn exception to the real estate licensing
requirement
Bernie is representing Oscar in the sale of Oscar's home. They have signed an exclusive right to
sell listing agreement. If Oscar finds his own buyer, does he owe Bernie a commission? - correct
, answersYes, because exclusive right to sell means Bernie gets paid no matter who finds the
buyer
When discussing brokerage compensation policies, brokers must disclose ______. - correct
answersHow brokers representing other parties will be paid
What option does a licensee have when a notice for a hearing has been received? - correct
answersReach a settlement with the commission, halting the hearing process.
Which of the following duties is owed to both clients and customers? - correct answersPrompt
presentation of all written offers and counter-offers
Genevieve, an unlicensed pre-licensing student, works for Peachtree Real Estate as an office
assistant. She's very good at networking and bringing in new clientele. She receives a salary as a
full-time employee of the firm. The qualifying broker wanted to reward Genevieve for her
commitment to the firm and for drumming up great business. What do we know about this
situation? - correct answersIf the broker compensated Genevieve for her referrals to the firm,
he would be in violation of the unfair trade practices law because he would be paying an
unlicensed individual for referrals, which is prohibited in statute 43-40-25 of Georgia license law
Before applying for relief from the recovery fund, what must a member of the public do, after
receiving a judgment against a licensee for wrongdoing? - correct answersExhaust other legal
remedies
A licensee must notify GREC of a conviction of a crime ______. - correct answersImmeadiately
Which property type is excluded from coverage under the Commercial Real Estate Broker Lien
Act? - correct answersA poultry farm and processing plant
All fair housing complaints must be filed with the Fair Housing Division within ______ of the
alleged violation. - correct answersOne year
