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The CE Shop - Unit 2 With Questions And 100% ALL SURE ANSWERS
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The CE Shop - Unit 2 With Questions And 100% ALL SURE ANSWERS
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The CE Shop - Unit 2 With Questions And 100% ALL SURE ANSWERS
Practice questions for this set
, 8/26/24, 1:39 AM
Accepting the services of a salesperson
who's employed by another broker Being a party to a listing agreement with
1 2
without that broker's knowledge or an automatic renewal provision
consent
3 corporation 4 suspension
Don't know?
Terms in this set (88)
Statute ____, Chapter___ , of Georgia Statutes and Codes, fondly known as Georgia license law, was
43, 40
passed to protect consumers from the improper practice of real estate.
Georgia Real Estate Commission The ________ , or GREC for short, was established to provide the authority to enforce the law.
The commission regulates real estate licensees by upholding license law as defined by Statute 43,
True
Chapter 40, of Georgia Statutes and Codes. T/F.
True License law covers what licensees may and may not do. T/F.
If a person plans to practice real estate as a hobby or in her spare time, she is exempt from licensing
False
requirements. T/F.
True Real estate licensees are required to abide by the law or face the consequences. T/F.
Consumers may not perform real estate activities for others for any kind of payment unless they have
True
a real estate license.
False If a consumer wishes to sell their home on their own, they must obtain a real estate license.
Ralph is the executor of Donald's estate. Following Donald's passing, Ralph sells the condominium
No and two homes Donald owned at the time of his death. Ralph is not a licensed real estate
professional. Did he break the law?
Lori is a practicing attorney. The brokerage firm she works with wants to expand and plans to put
Yes
several salespeople to work under Lori's supervision. Does she need a real estate license?
The CE Shop - Unit 2
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