The Commission's authority is based upon: correct answerStatutory law
Agency can best be described as: correct answerA written representation agreement between Broker and client.
Charging advance brokerage fees is: correct answerA duty of a broker.
The Commission rules and regulations may ...
The Commission's authority is based upon: correct answerStatutory law
Agency can best be described as: correct answerA written representation agreement between Broker
and client.
Charging advance brokerage fees is: correct answerA duty of a broker.
The Commission rules and regulations may be adopted under what circumstances? correct answerThey
must fall under the "umbrella" of the license law.
Which is true concerning the Commission's due process? correct answerAny new rules passed must not
increase business costs without a compelling need.
Which of the following describes the composition of the Commission? correct answer5 licensee
members, 1 consumer affairs member, and 5 year terms
The Commission's disciplinary authority includes: correct answerRequiring periodic accounting reports
related to trust violations.
What is the purpose of the Commission's rules and regulations? correct answerTo clarify sections of the
law.
Brokerage related activities not requiring the exercise of the licensee's own judgment best describe:
correct answerMinisterial acts
After passing the state licensing exam, a licensee must ______________ to get an active license. correct
answerHave an employing broker
,Commission-approved instructors and schools are prohibited from correct answerAccepting any exam
content information from licensees.
Signing a Consent to Jurisdiction form relates to correct answerQualifying for non-resident licensure in
another state.
If a nonresident licensee terminates the affiliation with a Georgia broker, what occurs with the license?
correct answerThe license will automatically be terminated.
Other Georgia licensure exemptions include correct answerA community association member acting on
behalf of the association.
Which of the following is true concerning applying for a license? correct answerThe salesperson must
apply within 3 months after the exam date and the broker within 1 year.
Which of the following pertains to the "innkeeper's" exemption? correct answerThe room or unit may
not be considered the permanent address of the occupant.
Once a salesperson has been issued his original license he/she must correct answerComplete a 25-hour
approved course within 1 year of licensure.
Which of the following are qualifications for broker licensure? correct answer21 years old, Georgia
resident, high school graduate, 3 years as a licensee, 60 hour broker course, 75% on state test
Which of the following are required for license renewal? correct answer3 hours of continuing education
in Georgia License Law
Which of the following is true concerning Georgia business licenses? correct answerOne broker is
designated as the company's qualifying broker.
One condition that allows a nonresident broker to participate in brokerage activities in Georgia is what?
correct answerA written reciprocity agreement with the nonresident broker's state.
, If a licensee lets his or her license laps for 6 months, how much will the reinstatement fee be? correct
answer$150
A licensee on inactive status who changes his or her address must notify the Commission of the new
address correct answerwithin 30 days.
Which of the following is true concerning the qualifying broker's death? correct answerThe entity must
secure a new qualifying broker within 60 days.
If a license applicant fails to pass the exam, the applicant: correct answermay refile a new application
with an additional fee to retake the exam when scheduling permits.
Which is true concerning fees collected by the Commission? correct answerThey are non-refundable.
If a qualifying broker resigns, how soon must the company secure a new qualifying broker? correct
answer60 days
Under which of the following circumstances is it allowed under Georgia law that a licensee can keep his
own wall license? correct answerWhen he is retiring after at least 20 years of active licensure
A licensee who wants to activate a lapsed license which has been on inactive status for a less than two
years may do so by correct answerpaying the required fees.
Which of the following statements is true regarding surrendered licenses? correct answerA license can
be surrendered voluntarily.
It is the prospective tenant's obligation to: correct answerdisclose to the prospective landlord his/her
financial qualifications.
Which of the following duties are the responsibility of a broker engaged by a landlord? correct
answerTimely accounting for all money and property received in which the landlord has or may have an
interest.
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