Barney Fletcher Review Chap 1-5 Exam Questions And Answers
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Barney Fletcher
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Barney Fletcher
Barney Fletcher Review Chap 1-5 Exam
Questions And Answers
The Georgia Real Estate Commission can take each of the following actions, EXCEPT:
a. Grant a real estate license to a person whose license had been revoked 10 years earlier.
b. As a disciplinary action, revoke a person's brokers licens...
Barney Fletcher Review Chap 1-5 Exam
Questions And Answers
The Georgia Real Estate Commission can take each of the following actions, EXCEPT:
a. Grant a real estate license to a person whose license had been revoked 10 years earlier.
b. As a disciplinary action, revoke a person's brokers license and simultaneously issue that
person a salespersons license.
c. Act to resolve a commission dispute between two licensees.
d. Issue a reprimand or censure to a licensee without a formal hearing. c. Act to resolve a
commission dispute between two licensees.
Two brokers have a dispute about a commission split. Which of the following could become
involved in settling their dispute?
Which of the following individuals must have a real estate license to conduct business in
Georgia?
a. An individual who locates tenants for the owner of a residential apartment complex.
b. A referral agent who locates listings for real estate licensees.
, Barney Fletcher Review Chap 1-5 Exam
Questions And Answers
c. A person who sells real estate through auctions.
d. All of these individuals. d. All of these individuals.
If a court finds an individual guilty of illegally operating without a real estate license, the
individual could be sentenced to jail time of up to:
a. Six months.
b. 1 year.
c. 3 years.
d. 5 years. b. 1 year.
Which of the following statements is correct regarding the members of the Real Estate
Commission:
a. 1 of 5 members must be licensed.
b. 2 of 6 members must be licensed.
c. 4 of 5 members must be licensed.
d. 5 of 6 members must be licensed. d. 5 of 6 members must be licensed.
, Barney Fletcher Review Chap 1-5 Exam
Questions And Answers
Sara lives in Atlanta and has a sister who lives in South Carolina. The sister wants to swap her
house in South Carolina for a house close to Sara. Sara knows her next door neighbor wants to
get out of Atlanta and puts the neighbor in touch with her sister. The two agree to swap houses if
Sara will handle the paperwork. The two agree to pay Sara for her time.
a. This is legal because Sara is doing a favor for an immediate family member.
b. This is legal because it was a swap and no money was involved in the transaction.
c. This is illegal because Sara's sister is out-of-state.
d. This is illegal if Sara is unlicensed. d. This is illegal if Sara is unlicensed.
ABC Corporation owns 10 apartment buildings.
a. ABC employees who manage the buildings must be licensed.
b. The officers of the corporation must be licensed.
c. Employees of the corporation do not need to be licensed.
d. Only employees who buy and sell buildings need to be licensed. c. Employees of the
corporation do not need to be licensed
, Barney Fletcher Review Chap 1-5 Exam
Questions And Answers
A person who is taking a Georgia real estate licensing exam has served in the US military for at
least one year, with at least 90 days of that time in wartime. Which of the following statements is
correct about this applicant.
a. This applicant could receive an extra 5 points added to the score on the salesperson's license
only.
b. This applicant could receive an extra 5 points added to the score on either the salesperson's or
broker's exam.
c. This applicant could receive an extra 10 points added to the score on the salesperson's license
only.
d. This applicant could receive an extra 10 points added to the score on either the salesperson's or
broker's exam. b. This applicant could receive an extra 5 points added to the score on
either the salesperson's or broker's exam.
A prospective applicant for a real estate salesperson's license takes the state exam and passes it in
September 2015. In October 2016 the person submits his application for a real estate license.
a. This person must pay a fee equal to 2 times the original fee.
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