Search Header Logo

Georgia Rules and Regulations

Authored by Kimberly Yarrington

Other

Professional Development

Used 16+ times

Georgia Rules and Regulations
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A broker must conduct their business under what name?

the name as registered with the secretary of state

the name shown on the birth certificate

the name shown on the certificate of trade name

the name on the license as issued by the commission

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following must be included when a firm is advertising a specific property?

the name of the firm, the name of the qualifying broker, and the firm's telephone number in equal or greater prominence than that of the salesperson

the name of the firm, the name of the salesperson, and the salesperson's telephone number in equal or greater prominence than that of any salesperson

the name of the firm, the firm's telephone number, and the firm's mailing address in equal or greater prominence than that of any salesperson

the name of the firm and the firm's telephone number in equal or greater prominence than that of any salesperson

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

If a licensee is instructed by a seller client not to present any offers below $150,000 and an offer for $135,000 for the property is presented from another firm, what is the best course of action for the licensee?

follow the instructions of the client and reject the offer

disregard the seller's instructions and present the offer

tell the other company to go back to their buyer and get an offer for $150,000 or greater

tell the other firm that you do not have the authority to reject the offer but that you cannot present the offer either

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A brokerage engagement

must be in writing and witnessed.

is between a broker and a client.

is between a broker and a customer.

can be verbal or in writing.

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A buyer contacts a real estate office and indicates an interest in purchasing a nearby home. Without entering into an agency relationship with the buyer, a salesperson from the real estate office can do all of the following EXCEPT

inform the buyer of the brokerage firm's agency policies.

provide the buyer with information on properties for sale in the area.

prequalify the buyer for a mortgage.

give the buyer maps showing local schools, hospitals, and shopping centers.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A buyer's broker is showing a house that is for sale by owner. The owner has agreed to the showing and is willing to pay a commission if a sale results from the showing. This means that the broker

is acting as a dual agent.

is acting as a subagent of the seller.

has no agency relationship with the seller even though the seller will pay a commission.

is acting as the listing agent.

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Routine real estate services that do NOT require a licensee’s professional judgment or skill are referred to as

transactional brokerage acts.

material acts.

ministerial acts.

routine brokerage acts.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?