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WorksheetsUnit 11
Total questions: 22
Worksheet time: 11mins
the georgia real estate commission consists of
7 members appointed by the governor
6 members appointed by the commissioner
9 members, 7 appointed by the governor
6 members appointed by the governor
Georgia real estate commission members serve terms of
3 years and may serve 2 terms
2 years and may serve 3 terms
5 years and serve until a replacement is named
4 years
the commission is empowered to do which of the following?
pass rules and regulations relating to the real estate profession
specify maximum compensation of brokers
specify items included in the agreement between the broker and affiliated licensees
specify how affiliated licensees are compensated
which of the following is true regarding the salesperson 25-hour post-license course?
if not completed within 1 year, the license expires and the individual must retake the pre-license course and licensing exam in order to be licensed
if not completed within 6 months, the licensee will become inactive until the course is completed
if not completed withing 1 year and licensee enrolled and paid for the course within 1 year, license is lapsed and licensee has an additional 6 months to comply
if not completed within license renewal period, license expires
when a licensee fails to complete the required continuing education within the renewal period,
the license is cancelled
the license will lapse
the licensee will be on inactive status
the license status is suspended
which of the following is the most accurate definition of real estate broker?
a person who manages a real estate office
one who buys, sells and manages real estate for clients
a person who buys, sells, manages or exchanges real estate on behalf of others for compensation
a person who manages real estate on behalf of customers
if a general partnership applies for a real estate license,
all participants in the partnership must practice real estate
the qualifying broker must be a general partner of the partnership
the limited partners may not practice real estate under any circumstances
all general partners must be licensed as active brokers
Christine obtained her real estate license on June 3rd of this year. when will her license expire?
on december 31 of the 4th year
on december 31st of the 3rd year
on last day of her birth month in the 4th year
on last day of her birth month in the 3rd year
broker walter had his licensed revoked 6 months ago. he would like to continue to practice real estate. what must walter do?
wait 10 years before reapplying for licensure
follow the procedure for a licensee whose license has been expired for more than 6 months
wait 2 years before reapplying for licensure
walter cannot be licensed after having his license revoked
the license renewal fee for real estate licensees is
$150 for all licensees
$125 for all licensees
$75 for all licensees
$50 for salespersons and community association managers and $75 for brokers and associate brokers
a real estate license is required for which of the following individuals?
power of attorney transferring property for an owner
government agency employee conducting official business
auctioneer selling real estate
person employed full-time by community association to provide community association management servides
which of the following may be performed without a real estate license?
performing property management
prospecting for listings
performing community association management services if employed full time by the association
providing real estate consulting services
how are continuing education requirements affected by a new licensee completing the required 25-hour post licensing course?
the licensee must complete an additional 11 hours of continuing education prior to renewal
the licensees continuing education requirement is unaffected by the post licensing course
the licensee must complete an additional 27 hours of continuing education prior to renewal
the 25-hour course is in lieu of the continuing education requirement for first renewal
which of the following actions would be a violation performed by a licensee?
guaranteeing future profits on a property
listing a property the licensee owns through the brokerage company
writing a sales contract for someone who is not a client
using the brokerage name in a newspaper ad
which of the following actions by a broker would NOT be a license law violation?
failing to pay commission to a cooperating broker
failing to promptly deposit earnest money checks
failing to provide to the principal written notice of paying a fee to another broker for referral of the principal
placing misleading or inaccurate advertising
which of the following would be a license law violation?
a broker sharing commission with an affiliated licensee
a broker paying commission to a licensee who was affiliated with the broker at the same time the commission was earned
a salesperson sharing a commission with another licensee affiliated with the same broker for assisting with a transaction
a broker sharing commission with another Georgia broker as a referral
jenna is the office manager for a large real estate firm. she supervises the secretarial staff, places ads, inputs listings in the MLS and ensures that required sign and contract forms are available for the licensees. Jenna in this case
is required to have a salesperson or community association manager license
is required to have a broker license
may not input listings without obtaining a license
is exempt from licensure
the purpose of the real estate education and recovery fund is to
provide funds for researching trends in the real estate industry
provide scholarships in the field of real estate
compensate individuals who have suffered financial loss due to licensees violations of license law
provide resources for commission expenses
which of the following is true regarding complaints filed with the commission?
the commission is not obligated to respond to a complaint if it feels the complaint is frivolous
the commission may not investigate a licensee unless it receives a written, sworn request to investigate a licensee
the commission may on its own motion investigate a licensee
the commission may choose to pass the complaint to the courts rather than act on the complaint
which of the following actions by a broker would NOT be a license law violation?
disclosing in a timely manner to all parties in a real estate transaction any agency relationship that the licensee may have with any of the parties
failing to promptly deposit earnest money check
failing to provide written notice of paying a fee to another broker for referral of the principal
inducing anyone to change another licensees commission without the licensees written consent
which of the following statements is true regarding license application and renewal
salesperson and community association manager applicants must apply within 6 months of passing the licensing exam
a licensee will be charged an extra fee for renewing online
all licenses expire at the same time
if salesperson or community association manager applicant does not apply within 3 months of passing licensing exam, the fee doubles
all of the following statements are true regarding the real estate education, research and recovery fund, except
$75,000 is the maximum liability of the fund for the acts of any licensee
when the fund pays on behalf of a licensee, the licensee has 6 months in which to repay the amount or the license will be revoked
$25,000 is the maximum amount any 1 person may receive from the fund
$25,000 is the total paid out for any one act, regardless of the number of aggrieved persons
