Exam (elaborations)
Real Estate GA State Exam 2024 (52 questions) Questions & Answers 100% Correct VERIFIED ANSWERS
- Course
- Institution
Real Estate GA State Exam 2024 (52 questions) Questions & Answers 100% Correct VERIFIED ANSWERS
[Show more]
Content preview
Real Estate GA State Exam (52 questions).pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Real%20Estate%20GAReal Estate GA State Exam (52 questions)
1. The Georgia Real Estate Commission will discipline a licensee for which ofthe following
actions?
ANS A. II and IV only
II. Guaranteeing future profits from the sale of a property. IV. Persuading a party toan existing
listing contract to break that contract and list with the licensee.
2. Which licensee is violating Georgia license law?
ANS A. Salesperson Maria ac-cepts a commission payment directly from her client.
Maria is violating license law. A salesperson may never accept compensation fromanyone except
the salesperson's broker.
3. Which of the following complaints will the real estate commission inves- tigate? II. A
complaint against a licensee from another licensee regarding handling of trust funds the
previous month. III. A complaint against a licenseefrom a former client regarding
misrepresentation that occurred the previous year.
ANS A. II and III only
1 of 57 8/8/2024, 3:32
,Real Estate GA State Exam (52 questions).pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Real%20Estate%20GA
II. A complaint against a licensee from another licensee regarding handling of trustfunds the
previous month. III. A complaint against a licensee from a former client regarding
misrepresentation that occurred the previous year.
GREC doesn't investigate incidents that occurred more than three years previously,and doesn't
investigate violations outside of license law. Items II and III would be investigated.
4. Which of the following statements about the Georgia Real Estate Commis- sion are
TRUE? II. It has six members. IV. Each member serves a term of five years.
ANS A. II and IV only
II. It has six members. IV. Each member serves a term of five years.
There are six members, one of whom has no connection to real estate. They areappointed by
the Governor to five year terms.
5. The Georgia Real Estate Commission is responsible for which of the follow-ing duties? II.
Establish licensing standards for real estate professionals in the state. III. Issue new real
estate licenses and renewed licenses.
2 of 57 8/8/2024, 3:32
,Real Estate GA State Exam (52 questions).pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Real%20Estate%20GA
ANS A. II and III only
II. Establish licensing standards for real estate professionals in the state. III. Issuenew real estate
licenses and renewed licenses.
Items II and III are duties of the GREC.
3 of 57 8/8/2024, 3:32
,Real Estate GA State Exam (52 questions).pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Real%20Estate%20GA
6. Which of the following individuals must hold a real estate license? I. Marta,who is
selling her principal residence as a For Sale by Owner. II. Jim, who negotiates the sale of
his father's condo while acting as the executor for his father's will. III. Janeen, who
advertises herself as a successful real estate agent. IV. Bob, who accepts a commission for
brokering the sale of his neigh-bor's home.
ANS A. III and IV only
Janeen and Bob are both performing activities that require a real estate license.
7. Which of these describes an associate broker?
ANS A. Gwen has a broker-levellicense. She's associated with broker Dan.
Gwen is an associate broker. She holds a broker-level license but chooses toassociate with
another broker rather than work as a solo practitioner.
8. Which of these is NOT part of a broker's supervisory responsibilities?
ANS A.Providing a reasonable and appropriate share of leads to each affiliated licensee.
Brokers aren't required to provide affiliated licensees with leads as part of theirsupervisory
responsibilities.
4 of 57 8/8/2024, 3:32
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 TIPSCORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
