Georgia mls practice exam - Study guides, Class notes & Summaries

When should a licensee disclose to the parties whom their firm intends to represent in a transaction? - ANSWER Disclosure should be made verbally and in writing to all parties as soon as possible. A selling broker desires to represent a purchaser in a real estate transaction while at the same time act as a subagent of the listing broker and seller. Could the broker perform both of these functions in the same transaction? - ANSWER No, when a broker working with a buyer acts as a subagent...

GEORGIA MLS PRACTICE EXAM QUESTIONS WITH CORRECT DETAILED SOLUTIONS LATEST ACTUAL EXAM

Georgia MLS Practice Exam QUESTIONS AND CORRECT ANSWERS Latest Version

GEORGIA MLS PRACTICE EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS LATEST UPDATE A+ GRADED AND 100% GUARANTEE PASS

Georgia MLS Practice Class Exam Questions with Answers

Georgia MLS Practice Class exam questions and answers

Anti-Trust - ANSWER-An area of law concerned with maintaining competition in private markets by prohibiting any restraint on trade. Georgia Real Estate Commission - ANSWER-Pass rules and regulations that govern real estate licensees Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) - ANSWER-A federal law enacted by Congress in 1980 to create a tax on the chemical and petroleum industries and provided broad authority to respond directly to releases or threatened...

Executive Branch of Florida Government (including the DBPR) - Answer Florida Statue Chapter 20 The law is often referred to as the Real Estate Practice Act - Answer Florida Statute Chapter 475 The law that was established for Real Estate Brokers, sales associates, and appraisers - Answer Florida Statue Chapter 475 Part I of the Florida statue 475 pertains to: - Answer Real estate brokerages Part II of the Florida Statue 475 pertains to: - Answer Real estate appraisers and sets for th...

When should a licensee disclose to the parties whom their firm intends to represent in a transaction? - Disclosure should be made verbally and in writing to all parties as soon as possible. A selling broker desires to represent a purchaser in a real estate transaction while at the same time act as a subagent of the listing broker and seller. Could the broker perform both of these functions in the same transaction? - No, when a broker working with a buyer acts as a subagent of the listing brok...