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GA - License Law, Rules and Regulations Exam Q&A 100% Pass

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GA - License Law, Rules and Regulations Exam Q&A 100% Pass GREC - Georgia Real Estate Commission Injunction - Temporary or permanent halt of activities that may constitute a violation of real estate law Net brokerage engagement - A seller agrees to pay the broker everything earned over the...

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  • January 1, 2025
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • GA - License Law
  • GA - License Law
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GA - License Law, Rules and

Regulations Exam Q&A 100% Pass


GREC - ✔✔Georgia Real Estate Commission

Injunction - ✔✔Temporary or permanent halt of activities that may

constitute a violation of real estate law

Net brokerage engagement - ✔✔A seller agrees to pay the broker

everything earned over the property's list price; Illegal in Georgia

Sanction - ✔✔Penalty for violating real estate law (more severe than a

citation)

Citation - ✔✔Penalty for violating real estate law (less severe than a

sanction; often involves a fine and additional education)

When is a license required? - ✔✔When performing real estate services for

others, for a fee

How many hours of post-licensing education are required in a Georgia

licensee's first year of licensing? - ✔✔25

What's the continuing education requirement for Georgia licensees? -

✔✔36 hours every four years prior to renewal
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©NINJANERD 2024/2025. YEAR PUBLISHED 2024.

, When do Georgia real estate licenses expire? - ✔✔Every four years on the

last day of the licensee's birth month

Broker - ✔✔A person who, for a commission or other valuable

consideration, performs specific real estate-related acts for another person.

These acts include, but are not limited to, helping someone in the selling,

exchanging, buying, leasing, auctioning, and/or listing of real estate.

Sales agent - ✔✔A person who is associated with a licensed broker for the

purpose of performing an act for which a real estate license is required.

Party - ✔✔A prospective buyer, seller, landlord, or tenant, or the authorized

representative of any of those parties in a real estate agreement. This does

not include a license holder representing a party to the transaction.

Third party - ✔✔A purchaser, seller, tenant, or landlord who is not subject

to a representation relationship with a real estate licensee

Agency - ✔✔A relationship in which one party (the principal) authorizes

another party (the agent) to act as the principal's representative in dealing

with third parties.

Fiduciary duties - ✔✔Care, obedience, loyalty, disclosure, accounting,

confidentiality, honesty, integrity




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©NINJANERD 2024/2025. YEAR PUBLISHED 2024.

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