Final Exam-Colibri Real Estate Questions and Answers | 100% Pass
4 views 0 purchase
Course
Colibri Real Estate
Institution
Colibri Real Estate
Final Exam-Colibri Real Estate
Questions and Answers | 100% Pass
1. All six members of the Georgia Real Estate Commission are appointed by -
Answer-The Governor of Georgia
How many commission members must be licensed - Answer-Five of the six
members of the Georgia Real Estate can have licenses...
buyers or sellers , who would take the broker's generated leads , but then buy or sell the
property once the listing agreement has expired in order to avoid paying the
commission to the licensee is known as - Answer✔✔-The Safety or Carryover
Extender Clause .
Under GA Law , a listing broker - Answer✔✔-does not have to share his sales
commission with the selling broker who has procured the ultimate buyer, this is legal
and not against GA real estate law.
Every brokerage must maintain - Answer✔✔-an accounting system to detail all
receipts and deposits received from others that are under the control of the brokerage.
When two people want to simply exchange one property for for another , the person
who handles the details for a fee must have - Answer✔✔-either a real estate license
or a law license
Members of the Georgia Real Estate Commission serve - Answer✔✔-5 year terms
Whenever a property owner engages a licensee to list list property for sale where the
commission is not a pre set percentage or simple dollar value but will be all funds than
remain after the owner receives a certain amount the arrangement is called a -
Answer✔✔-NET LISTING and is illegal .
In order to change from one brokerage to another the licensee needs to - Answer✔✔-
get the current managing broker to to sign a release form and send it to the commission
3/23
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EmillyCharlotte. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
