Ga real estate license - Study guides, Class notes & Summaries

CAM Exam 1 2024 Questions with 100% Correct Answers The Year 1925 - ANSWERSLicense Law enacted and the GREC (Georgia Real Estate Commission) was created to protect from harmful acts of Real Estate brokers. GREC - ANSWERSGeorgia Real Estate Commission; holds 6 members. 1 of which is not RE (real estate) licensed GREC's Authority - ANSWERSCan Issue or Deny RE (real estate) Licenses, Can discipline by revoking, suspending, warning, or fining, Can set rules and regs, and Establishes fees...

Georgia Real Estate Commission size CORRECT ANSWER 6 members Georgia Real Estate Commission appointed by CORRECT ANSWER Governor of Georgia Georgia Real Estate Commission confirmed by CORRECT ANSWER Georgia state senate How long are each of the Georgia Real Estate Commission members' terms? CORRECT ANSWER 5 years How many members of the 6-member Georgia Real Estate commission must be real estate licensees? CORRECT ANSWER 5 Does the sixth member of the Georgia Real Estate Commissi...

GA Real Estate License Test|193 Questions with Answers A+ Rated

GA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ VERIFIED. In license law, a person is defined as? a) a designated licensee within a brokerage company. b) only a single individual. c) either a licensed individual or business. d) either an individual or firm. - -D Charging advance brokerage fees is.. a) prohibited by the Commission. b) a duty of a broker. c) allowed only for auctioning purposes. d) allowed only for property management functions. - -B The Ge...

GA REAL ESTATE EXAM PREP / HARD QUESTIONS AND ANSWERS GRADED A+ *Amortization Rate* is defined as: The percentage of periodic payment that is applied to the reduction of the principal. *In a title theory state, the *Mortgagee takes title to the mortgaged property, during the TERM of the mortgage.* *Property* may be technically defined as: *Rights or Interest* which a person has in the thing owned. A *Broker's*, license fee costs how much? *$170* A *Deficiency Judgement* ca...

CAM - Community Association Manager License GA UPDATED ACTUAL Exam Questions and CORRECT Answers The Year 1925 - CORRECT ANSWER- License Law enacted and the GREC (Georgia Real Estate Commission) was created to protect from harmful acts of Real Estate brokers. GREC - CORRECT ANSWER- Georgia Real Estate Commission; holds 6 members. 1 of which is not RE (real estate) licensed

What must happen with all funds in a sale - ️️All money that belongs to clients or customers must be deposited in the brokerage trust fund as soon as possible ASAP after receipt . A property's value is $ 125,000 and its land value is $ 10,000 . Assuming a depreciation term of 35 years , what is the amount of annual depreciation ? - ️️depreciation ? Total value $ 125,000- $ 10,000 land = $115,000 improvements / 35 years = $ 3,286 annual depreciation 21. MATH PROBLEM : GROSS RENT MU...

Agency every relationship in which a real estate broker acts for or represents another as a client by the latter's written authority in a real property transaction associate broker a person who acts on behalf of a real estate broker in performing any act authorized to be performed by a broker broker does the following: *negotiates or attempts to negotiate listing, sale, purchase, exchange, renting, lease or option for any real estate *acts as referral agent in real estate *Collects rent...