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Georgia Real Estate Exam Review Part A – Questions with answers
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Georgia Real Estate Exam Review Part A – Questions with answers
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Georgia Real Estate Exam ReviewPart A – Questions with answers
Which of the following are appointed by the governor?
A. Members of the Georgia Real Estate Commission.
B. The Real Estate Commissioner.
C. Real estate instructors.
D. Georgia Real Estate Commission employees. - ->> CORRECT ANSWER IS:
A
>> YOUR ANSWER IS: A
Members of the Georgia Real Estate Commission are appointed by the
governor. The Real Estate Commissioner is an employee hired by the Real
Estate Commission.
-All employees of the commission must be unlicensed or inactive, but all
commission members must be active real estate licensees.
A. True.
B. False. - ->> CORRECT ANSWER IS: B
>> YOUR ANSWER IS: B
The statement is false. One member of the Commission must be a
"consumer member" with no connection to the real estate industry.
-A person who meets all the qualifications of a broker, but who chooses to
work for a real estate broker and perform acts of real estate on the broker's
behalf is known as a(n):
A. Representative broker.
B. Associate broker.
C. Assistant broker.
D. Qualifying broker. - ->> CORRECT ANSWER IS: B
>> YOUR ANSWER IS: B
A person who meets all the qualifications of a broker, but who chooses to
work for a real estate broker and perform acts of real estate on the broker's
behalf is known as an associate broker.
-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. - ->> CORRECT ANSWER IS: B
The court could sentence the person to up to 1 year in jail for operating
without a real estate license.
, -Sam owns a 50 unit apartment building. Sam is not licensed. He has
employed Ben to manage the property for him. Ben has an inactive
salesperson's license. This is legal because Ben's license is inactive.
A. True.
B. False. - ->> CORRECT ANSWER IS: B
>> YOUR ANSWER IS: B
The statement is false. Ben cannot take advantage of the exemption from
licensing for property management as an employee of the owner while he
holds an inactive license. To be exempt, Ben would have to surrender his
license and would have to be a full-time employee of Sam.
-If the Real Estate Commission issues a citation to a licensee, the licensee:
A. May either accept the citation or request a hearing.
B. Must comply with the requirements or surrender the license.
C. May only request a hearing if the citation includes a fine.
D. Is under no obligation to respond to the citation or comply with the
citation. - ->> CORRECT ANSWER IS: A
A licensee who is issued a citation by the Commission may either accept the
citation (and comply with its requirements) or may request a hearing.
-A citation issued by the commission may be:
A. An order to complete a real estate education course of study.
B. Require an independent accountant to periodically report on the trust
account.
C. The payment of a fine.
D. Any of these choices. - ->> CORRECT ANSWER IS: D
>> YOUR ANSWER IS: D
The commission may require any of these choices.
-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.
B. This person must retake the 75 hour required education prior to
submitting his application.
C. This person must complete post-license education before submitting his
application.
D. This person must retake the state licensing exam. - ->> CORRECT
ANSWER IS: D
This person must retake the state licensing exam since no application for the
license was submitted within 12 months.
-A person who has a military service-related disability of 50% is taking a
Georgia licensing exam. 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. - ->> CORRECT ANSWER IS: D
>> YOUR ANSWER IS: D
The service-related disability would qualify this person for an extra 10 points
on either the salesperson's or the broker's exam.
-All original applicants for an individual Georgia real estate license must do
the following EXCEPT:
A. obtain a GCIC report.
B. have a high school diploma or certificate of equivalency.
C. pass a state licensing exam.
D. affiliate with a broker. - ->> CORRECT ANSWER IS: D
>> YOUR ANSWER IS: D
If a broker is going to operate as a sole proprietorship the broker would not
affiliate with a firm licensee but would instead provide the name under which
he or she will operate.
-A real estate brokerage firm must be licensed as a real estate broker.
A. True.
B. False. - ->> CORRECT ANSWER IS: A
>> YOUR ANSWER IS: A
The statement is true.
-In order to qualify for a broker's license an applicant must:
A. be at least 18 years old.
B. complete an approved course and have at least 2 years as an active
licensee.
C. complete an approved course and have at least 3 years as an active
licensee.
D. complete an approved course and have at least 5 years as an active
licensee. - ->> CORRECT ANSWER IS: C
>> YOUR ANSWER IS: C
Complete an approved course and have at least 3 years as an active
licensee. The applicant must also be at least 21 years old and must be of
good moral character.
-Broker Bob is the qualifying broker for Acme Real Estate, which is a
corporation. If Broker Bob passed away, Acme Real Estate would need to
name a new qualifying broker within ____ days or it would be required to
cease operations.
, A. 10.
B. 30.
C. 60.
D. 90. - ->> CORRECT ANSWER IS: C
>> YOUR ANSWER IS: C
A new qualifying broker must be named within 60 days or the firm must
suspend operations.
-An unlicensed assistant cannot:
A. assemble contracts and other documents.
B. locate signs on property.
C. host open houses.
D. check on loan commitments. - ->> CORRECT ANSWER IS: C
>> YOUR ANSWER IS: C
An unlicensed assistant cannot host open houses.
-Broker Bob is the qualifying broker for Acme Real Estate. Salesperson Steve
has become discouraged about his lack of success in sales and has stopped
coming to the office and has not attended any sales meetings for several
months. Bob decides to terminate Steve and calls Steve to ask him to come
in and sign the necessary release form. Steve's phone service has been
discontinued. How can Broker Bob notify the Real Estate Commission of the
termination if he cannot get Steve's signature on the release form?
A. He must request a hearing with an administrative law judge.
B. He cannot terminate the affiliation without the release form.
C. He can send Steve's wall license to the Commission with a copy of a letter
sent to Steve's last known address informing Steve that he has one month to
either transfer to another broker or place his license on inactive status.
D. He can return Steve's wall license to the Commission and att - ->>
CORRECT ANSWER IS: C
>> YOUR ANSWER IS: C
When the salesperson cannot be contacted, the broker can return the
salesperson's wall license to the commission along with a copy of a letter
sent to the salesperson's last known address informing the salesperson that
he or she has one month to either transfer the license to another broker or
place his or her license on inactive status.
-What is the maximum period a licensee may remain inactive?
A. 2 years.
B. 5 years.
C. 10 years.
D. Indefinitely. - ->> CORRECT ANSWER IS: D
>> YOUR ANSWER IS: D
A licensee may remain on inactive status indefinitely.
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