Georgia Real Estate Exam Study Guide Chapter 2 with Complete Solutions

Georgia Real Estate Exam Study Guide Chapter 2 with Complete SolutionsGeorgia Real Estate Exam Study Guide Chapter 2 with Complete SolutionsGeorgia Real Estate Exam Study Guide Chapter 2 with Complete SolutionsGeorgia Real Estate Exam Study Guide Chapter 2 with Complete Solutions real estate license exemptions - ANSWER-An owner of real estate, the spouse of an owner, a general partner of a limited partnership, a landlord, or a prospective purchaser OR their regular employees OR spouses An attorney in fact under a duly executed power of attorney to convey real estate from the owner or lessor An attorney at law 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 Any officer or employee of a government agency Any person employed full-time by a public or private utility A manager of residential properties if the contract has been approved by a federal agency Full-time employees of the property owner Any person acting as a referral agent Property management exemption - ANSWER-This applies if there is a written management agreement procured by the broker with the owner All activities performed must be authorized in a written agreement between the employee and the broker limited to one or more of the following Delivering a lease application or a lease Receiving a lease application, lease, security deposit, rental payment, or any related payment (for delivery to and made payable to the broker or the owner) Showing a rental unit to any person, or executing leases, provided that the employee is acting under the direct instructions of the broker Providing information authorized by the broker about a rental unit, a lease application, or a lease (E) Providing information to a tenant about the status of such tenant's security deposit or rent payments, or to an owner about the owner's financial accounts and payments from the owner's tenants Performing any ministerial acts that are explicitly authorized by the broker in a written agreement between the broker and the employee. The innkeeper's exemption - ANSWER-Anyone who rents less than a 90 day period The property manager must have a written agreement with the owner, which states all