Exam (elaborations)
GA REAL ESTATE LICENSE EXAM
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GA REAL ESTATE LICENSE EXAM
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GA REAL ESTATE LICENSE EXAMGeorgia Real Estate Commission size - Answers -6 members
Georgia Real Estate Commission appointed by - Answers -Governor of Georgia
Georgia Real Estate Commission confirmed by - Answers -Georgia state senate
How long are each of the Georgia Real Estate Commission members' terms? - Answers
-5 years
How many members of the 6-member Georgia Real Estate commission must be real
estate licensees? - Answers -5
Does the sixth member of the Georgia Real Estate Commission have any interest in the
real estate industry? - Answers -No, they must have an interest in consumer affairs only
How are the Georgia Real Estate Commission members' terms staggered? - Answers -
Only one licensee member's term can expire each year
How long must one be actively licensed to qualify as member of the Georgia Real
Estate Commission? - Answers -5 years
How long must one be a resident of Georgia to qualify as a Georgia Real Estate
Commission member? - Answers -5 years
Who is exempted from having a real estate license? (1) - Answers -An owner of real
estate, the spouse of an owner, a prospective purchaser or their regular employees or
spouses
Who is exempted from having a real estate license? (2) - Answers -An *attorney in fact*
under a duly executed power of attorney to convey real estate from the owner/lessor.
Who is exempted from having a real estate license? (3) - Answers -An *attorney at law*
acting solely as an incident to the practice of law.
Applicants for a salesperson's license must be: (2) - Answers -A resident of the state of
Georgia (unless the person has fully complied with the provisions regarding out of state
licenses)
Applicants for a salesperson's license must be: (3) - Answers -A high school graduate or
the holder of a certificate of equivalency
,Applicants for a salesperson's license must be: (4) - Answers -A proven student of an
approved 75-hour salesperson's course
Applicants for a salesperson's license must be: (5) - Answers -A passer of a real estate
examination administered or approved by the Commission covering general matters of
importance to real estate brokers and salespersons
An applicant who wishes to qualify for a *broker* or *associate broker's license* must
meet the salespersons licensee conditions, plus: (1) - Answers -21 or older
An applicant who wishes to qualify for a *broker* or *associate broker's license* must
meet the salespersons licensee conditions, plus: (2) - Answers -Served 3 years as a
salesperson licensee
An applicant who wishes to qualify for a *broker* or *associate broker's license* must
meet the salespersons licensee conditions, plus: (3) - Answers -60 hours in a broker's
course approved by the Commission
An applicant who wishes to qualify for a *broker* or *associate broker's license* must
meet the salespersons licensee conditions, plus: (4) - Answers -A passer of a real
estate examination administered by or approved by the Commission covering the
general matters of importance to real estate brokers.
Once a *salesperson* has been issued his original license, he must satisfactorily
complete a _____ of study within ____ year(s) of licensure. This is the mandatory
_____ - Answers -25-hour course; 1; Post-license educational requirement
What happens to a salesperson's license if they do not complete the 25-hour post-
license course in a timely manner? - Answers -It will lapse and his wall certificate of
licensure and pocket card must immediately be given to the Commission
When may a salesperson with a lapsed license for failure to complete the post-license
course reinstate the license? - Answers -Within six months of the lapsing of the license,
if certain conditions are met
The license period in Georgia is __ years. - Answers -4
What day does the licensee renew his or her license? - Answers -After 4 years on the
last day of the birth month of the applicant
What is required when renewing a salesperson's license after 4 years? - Answers -Proof
of completion of 36 hours of continuing education requirements and payment of the
renewal fee.
,Inactive status - Answers -Temporarily discontinued active involvement in real estate.
Not permitted to practice real estate. Required to take the 25-hour post-license course
for new licensees and to pay the same renewal fees as an active licensee.
What is the first purpose of the real estate license law and the members of the
Commission who enforce it? - Answers -To protect the public from any harmful acts of
people acting as real estate licensees by assuring that licensees meet basic levels of
competency. This includes either intentional or unintentional acts.
Who is exempted from having a real estate license? (4) - Answers -Any person acting
as receiver, trustee in bankruptcy, administrator, executor, or guardian or while acting
under a court order or under the authority of a will or of a trust instrument
Who is exempted from having a real estate license? (5) - Answers -Any officer or
employee of a *government agency* in the conduct of official duties.
Who is exempted from having a real estate license? (6) - Answers -Any person
employed full-time by a *public or private utility* who performs any act with reference to
property owned, leased, or to be acquired by the utility employing that person, where
such acts are performed in the regular course of the management of such property and
the investment therein.
Who is exempted from having a real estate license? (7) - Answers -*A manager of
residential properties* if the contract has been approved by a federal agency
Who is exempted from having a real estate license? (8) - Answers -*Full-time
employees of the property owner, who have been employed to provide property
management services.
Who is exempted from having a real estate license? (9) - Answers -Any person acting
as a *referral agent,* who is not involved in the actual negotiations, execution of
documents, etc.
Who is exempted from having a real estate license? (10) - Answers -Any *individual
employed by a broker to assist in property management services on residential
property, provided that such individual's activities are explicitly authorized by the broker
in a written agreement between the broker and the employee and provided that such
activities are limited.
The Innkeeper's Exemption - Answers -Any person who provides property management
services on properties available for less than 90 days' occupancy by guests or
occupants and meets certain conditions is exempt from license law
Applications to the Commission of a real estate licensee are - Answers -Confidential
Applicants for a salesperson's license must be: (1) - Answers -18 or older
, What is the second purpose of the real estate license law and the members of the
Commission who enforce it? - Answers -To create a regulatory environment for the real
estate industry that is reasonable and allows the licensee to attain economic success
Commission members' responsibilities - Answers -1. Developing a spirit of cooperation
and unity among Commission members; 2. Evaluating staff operations; 3. Establishing a
fair qualifying process; 4. Establishing a fair and unbiased hearing process; 5.
Communicating with the industry and the public.
What section of law is the Georgia Real Estate Commission's authority based upon? -
Answers -Statutory law
Statutory law - Answers -The written law established by enactments expressing the will
of the legislature, as distinguished from the unwritten law or common law.
What is the purpose of the Commission's rules and regulations? - Answers -To clarify
sections of the real estate law
Who administers the license law that regulates brokers, salespersons, and community
association managers? - Answers -The Georgia Real Estate Commission
Who's authority involves these four separate categories? 1. Issuing licenses; 2. Taking
disciplinary action; 3. Passing rules and regulations; 4. Establishing fees - Answers -The
Georgia Real Estate Commission
Rules and regulations set forth by the Georgia Real Estate Commission may only be
adopted if they fall under the "umbrella" of which type of Georgia law? - Answers -
License law
Is it against the law to practice real estate without a license? - Answers -Yes
What does the Commission have the authority to do if a person is discovered practicing
real estate without a license? - Answers -Issue a cease and desist order and impose a
fine of up to $1,000 per day for the violation
What level of offense is practicing real estate without a license? - Answers -
Misdemeanor
What is the jail sentence for practicing real estate without a license, imposed by the
courts? - Answers -One year or less
How long is inactive status valid? - Answers -An indefinite period of time as long as the
licensee is up-to-days on continuing education requirements of nine (9) hours per year.
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