GA Real Estate Exam Practice Questions and Correct Answers
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Course
GA REAL ESTATE
Institution
GA REAL ESTATE
GA Real Estate Exam Practice Questions and
Correct AnswersGA Real Estate Exam Practice Questions and
Correct AnswersGA Real Estate Exam Practice Questions and
Correct AnswersGA Real Estate Exam Practice Questions and
Correct AnswersGA Real Estate Exam Practice Questions and
Correct Answer...
GA Real Estate Exam Practice Questions and
Correct Answers
What could you get to protect yourself against covered claims involving errors in
listings?
✓ ~~~ E&O coverage
All of the following are essential steps in curbing risk EXCEPT ________.
✓ ~~~ Retroactive management
To resolve a dispute, what voluntary, non-binding approach can Steven and Maria
use?
✓ ~~~ Mediation
What should you do to get the most out of your E&O insurance policy?
✓ ~~~ Make sure you know what your policy does and doesn't cover
Which of the following is true about a broker's recordkeeping responsibilities?
✓ ~~~ Brokers must keep records of signed dual agency consent forms for three
years.
Doug and Robyn are involved in a heated dispute. They opt to resolve their dispute
in front of a judge and jury. This is known as ______.
✓ ~~~ Litigation
Make sure your communications are always ________, because it could be very
easy for someone to forward your message on and tarnish your reputation.
✓ ~~~ Professional
Which of the following does NAR consider a fundamental fiduciary duty?
✓ ~~~ Loyalty
Which of the following ads is acceptable under fair housing guidelines?
✓ ~~~ "Quiet street away from main roads"
FACT: Avoid unintentional steering in advertisements. Phrases like "perfect for
young family," "ideal for retirees," and "singles preferred" can convey the implication
that if you don't fit the description, then you shouldn't bother calling.
, ✓ ~~~
Use of any copyright or trademark protected material without authorization ______.
✓ ~~~ Could give rise to liability
What's the word for when a contract requires one or both of the parties to break the
law?
✓ ~~~ Illegality
When it comes to making a valid, enforceable contract, which of these elements is
unnecessary?
✓ ~~~ Arbitration
What type of agency occurs when an agent represents a seller and also represents a
buyer who wishes to see or buy the seller's property?
✓ ~~~ Dual agency
Licensee Jillian loves using Facebook to connect with clients and customers. When
posting about client details, what should she remember to do?
✓ ~~~ Stick to direct messaging to keep things private
To help protect her affiliated licensees and herself from risk, what should Deanna
include in her office policy manual?
✓ ~~~ Advertising guidelines
What kind of ads gives buyers a wrong impression of a property?
✓ ~~~ Misleading ad
Ray thinks he knows which neighborhoods his new clients belong in, so he tries to
guide them away from the neighborhood they like. What's this action considered?
✓ ~~~ Steering
Eldon, a rental property owner, decides he won't show Carlita a rental unit because
she's a female, and he had problems with his last female tenant. What's this action
considered?
✓ ~~~ Unacceptable, because it violates fair housing laws
Lana, a real estate professional, included an inaccurate property description in her
client's contract. This mistake can make a contract ______.
, ✓ ~~~ Voidable
Intentional misrepresentation is essentially the same as _______.
✓ ~~~ Fraud
Which of the following is a non-trust fund held in a non-trust account?
✓ ~~~ Commissions
What's the definition of suppression?
✓ ~~~ A licensee is asked a direct question and evades or doesn't answer truthfully.
What is vicarious liability as it applies to real estate?
✓ ~~~ A broker is held responsible for the actions or omissions of the broker's
licensees.
What's the definition of negligent advice?
✓ ~~~ Giving advice that's incorrect and that the person giving it should have known
was incorrect.
For which of the following reasons occurring at the time of purchase do buyers file
the most lawsuits?
✓ ~~~ Property conditions
Which one of the following risk management tools involves putting issues in writing
and doing so in a timely manner?
✓ ~~~ Disclosure
Under RESPA's Section 8, which of the following scenarios would be considered a
kickback?
✓ ~~~ A title insurance company buys you dinner to thank you for referring a client.
FACT: When a settlement service provider accepts anything of value merely for
referring a client, this is considered a kickback under RESPA's Section 8.
✓ ~~~
Which of the following at the time of purchase leads to the largest number of buyer
lawsuits?
✓ ~~~ Property conditions
What should Maggie do to avoid antitrust law violations?
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