Georgia-Specific Practice Tests

The Georgia Real Estate Commission consists of

Six members appointed by the Governor

Georgia Real Estate Commission members serve terms of

5 years and serve until a replacement is named.

Which of the following is true regarding the salesperson 25-hour post-license course?

If not completed within one year and licensee enrolled and paid for the course within one year, license is lapsed and licensee has an additional six months to comply.

When a licensee fails to complete the required continuing education within the renewal period,

the license will lapse.

Which of the following is the most accurate definition of real estate broker?

A person who buys, sells, manages, or exchanges real estate on behalf of others for compensation

If a general partnership applies for a real estate license,

the qualifying broker must be a general partner of the partnership.

Christine obtained her real estate license on June 3 of this year. When will her license expire?

On last day of her birth month, in the fourth year

Broker Walter had his licensed revoked six months ago. He would like to continue to practice real estate. What must Walter do?

Wait ten years before reapplying for licensure

Any licensee who violates the provisions of the real estate license law

is subject to license suspension, revocation, censure or reprimand by the Commission.

In addition to continuing education requirements required for other licenses to renew, the broker must also

complete a renewal form regarding status of any trust accounts of broker or affiliated licensees.

After making application for a salesperson or community association manager license, the applicant may commence brokerage activity

when the wall certificate of licensure is received by the broker.

In addition to suspending and revoking licenses, the Commission is also empowered to

issue a cease and desist order prohibiting a non-licensee from practicing without a license.

The continuing education requirement for license renewal, other than the first renewal, consists of

9 hours per year.

The license renewal fee for real estate licensees is

$125 for all licensees.

An associate broker is best defined as

a licensee with a broker-type license who acts on behalf of the broker.

A real estate license is required for which of the following individuals?

Auctioneer selling real estate

Which of the following may be performed without a real estate license?

Performing community association management services if employed full-time by the association

Can a salesperson be legally affiliated with more than one broker?

Yes, if obtaining the brokers’ permission and if one of the brokers is in another state that permits affiliation in both states

How are continuing education requirements affected by a new licensee completing the required 25-hour post-licensing course?

The licensee must complete an additional 27 hours of continuing education prior to renewal.

A salesperson applicant has recently passed the licensing exam. How long does the applicant have in which to apply for a license without incurring a penalty?

3 months

The broker applicant must maintained an active license for

3 of the 5 years

Which of the following actions would be a violation performed by a licensee?

Guaranteeing future profits on a property

Which of the following is a license law violation?

A broker paying a commission to a broker in another state not licensed in Georgia for performing licensing activity in Georgia

Which of the following would be a license law violation?

A salesperson sharing a commission with another licensee affiliated with the same broker for assisting with a transaction

Jenna is the office manager for a large real estate firm. She supervises the secretarial staff, places ads, inputs listings in the multiple listing service, and ensures that required signs and contract forms are available for the licensees. Jenna in this case

is exempt from licensure.

The Commission can revoke a license if the licensee

deposits earnest money into her personal account.

The purpose of the Real Estate Education and Recovery Fund is to

compensate individuals who have suffered financial loss due to licensees’ violations of license law.

Which of the following statements is true regarding unlicensed support personnel?

They may complete information on contract forms as directed by a licensee.

Which statement is true regarding net listings?

They are illegal in Georgia.

The qualifying broker appoints one affiliated licensee to represent the buyer and another licensee to represent the seller in the transaction. In this case, the affiliated licensees are acting as

designated agents.

Which of the following statements is true regarding complaints filed with the Commission?

The Commission may on its own motion investigate a licensee.

In which of the following circumstances is a person or business required to have a real estate license?

professional negotiator who assists clients in obtaining the best price for their properties

An applicant for a community association manager’s license must meet all the following qualifications EXCEPT

being at least 21 years old.

“In order to qualify to become an applicant for a community association manager's license, an individual shall have attained the age of 18 years;”. The applicant must have a high school diploma or equivalent, complete a 25-hour course, and provide a criminal history report to the Commission.

Which of the following statements is true regarding license application and renewal?

If salesperson or community association manager applicant does not apply within three months of passing licensing exam, the fee doubles.

When the Commission pays from the fund any amount in settlement of a claim or toward satisfaction of a judgment against a licensee,

the licensee’s license is automatically revoked upon the issuance of a court order authorizing payment from the fund. '

Licensee is not eligible to receive a new license until licensee pays the amount in full, plus interest.

Bankruptcy does not relieve the penalties.

Other than investigations of applicants for licensure, investigations of fraud, mishandling funds, or possible violations that have been litigated or arise from litigation, the Commission may not investigate unless the act which may constitute a violation occurred with ______ years of the initiation of the investigation.

3 years

A qualifying broker may refuse to release the license of an individual transferring to another broker

under no circumstances.

Licensees may be disciplined by the Real Estate Commission for failing to deliver copies of signed transaction documents to

all parties in the transaction and any broker involved in the transaction.

Which of the following is a required provision that must be included in a listing agreement?

License number of each firm and licensee participating in the transaction