The CE Shop Georgia Real Estate Exam Prep | PSI National
Portion Practice Questions & Detailed Explanations 2026/2027
Question 1
Under Georgia license law, what must a salesperson do immediately
upon receiving an earnest money check from a buyer client?
• A. Deposit it into the salesperson's personal checking account
• B. Turn it over to their qualifying or managing broker
• C. Hold it in a desk drawer until closing day
• D. Mail it directly to the closing attorney
Correct Answer: B. Turn it over to their qualifying or managing broker
Detailed Rationale: Georgia license law requires that any earnest
money or trust funds received by a salesperson or associate broker
must be turned over immediately to their qualifying broker.
Question 2
What is the primary legal purpose of the Georgia Real Estate
Commission (GREC)?
• A. To set mandatory minimum commission rates for all brokerages
across the state
• B. To protect the public by regulating licensees and enforcing the
real estate license law
• C. To provide free legal representation to agents involved in
contractual disputes
, • D. To operate and maintain the statewide Multiple Listing Service
(MLS)
Correct Answer: B. To protect the public by regulating licensees and
enforcing the real estate license law
Detailed Rationale: The principal mandate of the GREC is consumer
protection, ensuring that individuals practicing real estate meet strict
ethical, legal, and competency standards.
Question 3
How long must a Georgia broker retain records of all real estate
transactions, trust account ledgers, and closing disclosures?
• A. 1 year
• B. 3 years
• C. 5 years
• D. 7 years
Correct Answer: B. 3 years
Detailed Rationale: Brokers in Georgia are legally required to maintain
all transaction files, escrow records, and related contractual documents
for a minimum of three years.
Question 4
What is the continuing education (CE) requirement for a Georgia real
estate licensee to renew their active license every four years?
• A. 12 hours
• B. 24 hours
, • C. 36 hours
• D. 48 hours
Correct Answer: C. 36 hours
Detailed Rationale: To maintain an active license status, Georgia
licensees must complete 36 hours of approved continuing education
courses during each four-year renewal cycle.
Question 5
Within what timeframe must a new Georgia salesperson complete the
mandatory 25-hour post-license course?
• A. Within 6 months of licensure
• B. Within 1 year of initial licensure
• C. Within 2 years of licensure
• D. Prior to the four-year renewal deadline
Correct Answer: B. Within 1 year of initial licensure
Detailed Rationale: New salespersons must successfully complete a 25-
hour post-license course within one year of obtaining their initial license
to prevent their license from lapsing.
Question 6
Under BRRETA, when must a real estate licensee provide a prospective
client with a disclosure of agency and brokerage relationships?
• A. At the closing table
• B. At the first substantive contact
• C. Within 5 business days of contract execution
, • D. Only when requested in writing by the consumer
Correct Answer: B. At the first substantive contact
Detailed Rationale: BRRETA requires licensees to disclose available
brokerage relationships and potential conflicts at first substantive
contact before confidential information is shared.
Question 7
When a broker acts as a dual agent in Georgia, which of the following is
legally mandatory?
• A. Approval from the local county commissioner
• B. Informed, written consent from both the buyer and the seller
• C. A mandatory reduction in commission fees by half
• D. Notification submitted to the closing attorney only
Correct Answer: B. Informed, written consent from both the buyer and
the seller
Detailed Rationale: Dual agency is permitted in Georgia only if both
parties provide prior, explicit, written consent acknowledging and
accepting the dual representation.
Question 8
What type of agency relationship allows a broker to assign one licensee
to exclusively represent the buyer and another licensee to exclusively
represent the seller within the same firm?
• A. Dual agency
• B. Designated agency
Portion Practice Questions & Detailed Explanations 2026/2027
Question 1
Under Georgia license law, what must a salesperson do immediately
upon receiving an earnest money check from a buyer client?
• A. Deposit it into the salesperson's personal checking account
• B. Turn it over to their qualifying or managing broker
• C. Hold it in a desk drawer until closing day
• D. Mail it directly to the closing attorney
Correct Answer: B. Turn it over to their qualifying or managing broker
Detailed Rationale: Georgia license law requires that any earnest
money or trust funds received by a salesperson or associate broker
must be turned over immediately to their qualifying broker.
Question 2
What is the primary legal purpose of the Georgia Real Estate
Commission (GREC)?
• A. To set mandatory minimum commission rates for all brokerages
across the state
• B. To protect the public by regulating licensees and enforcing the
real estate license law
• C. To provide free legal representation to agents involved in
contractual disputes
, • D. To operate and maintain the statewide Multiple Listing Service
(MLS)
Correct Answer: B. To protect the public by regulating licensees and
enforcing the real estate license law
Detailed Rationale: The principal mandate of the GREC is consumer
protection, ensuring that individuals practicing real estate meet strict
ethical, legal, and competency standards.
Question 3
How long must a Georgia broker retain records of all real estate
transactions, trust account ledgers, and closing disclosures?
• A. 1 year
• B. 3 years
• C. 5 years
• D. 7 years
Correct Answer: B. 3 years
Detailed Rationale: Brokers in Georgia are legally required to maintain
all transaction files, escrow records, and related contractual documents
for a minimum of three years.
Question 4
What is the continuing education (CE) requirement for a Georgia real
estate licensee to renew their active license every four years?
• A. 12 hours
• B. 24 hours
, • C. 36 hours
• D. 48 hours
Correct Answer: C. 36 hours
Detailed Rationale: To maintain an active license status, Georgia
licensees must complete 36 hours of approved continuing education
courses during each four-year renewal cycle.
Question 5
Within what timeframe must a new Georgia salesperson complete the
mandatory 25-hour post-license course?
• A. Within 6 months of licensure
• B. Within 1 year of initial licensure
• C. Within 2 years of licensure
• D. Prior to the four-year renewal deadline
Correct Answer: B. Within 1 year of initial licensure
Detailed Rationale: New salespersons must successfully complete a 25-
hour post-license course within one year of obtaining their initial license
to prevent their license from lapsing.
Question 6
Under BRRETA, when must a real estate licensee provide a prospective
client with a disclosure of agency and brokerage relationships?
• A. At the closing table
• B. At the first substantive contact
• C. Within 5 business days of contract execution
, • D. Only when requested in writing by the consumer
Correct Answer: B. At the first substantive contact
Detailed Rationale: BRRETA requires licensees to disclose available
brokerage relationships and potential conflicts at first substantive
contact before confidential information is shared.
Question 7
When a broker acts as a dual agent in Georgia, which of the following is
legally mandatory?
• A. Approval from the local county commissioner
• B. Informed, written consent from both the buyer and the seller
• C. A mandatory reduction in commission fees by half
• D. Notification submitted to the closing attorney only
Correct Answer: B. Informed, written consent from both the buyer and
the seller
Detailed Rationale: Dual agency is permitted in Georgia only if both
parties provide prior, explicit, written consent acknowledging and
accepting the dual representation.
Question 8
What type of agency relationship allows a broker to assign one licensee
to exclusively represent the buyer and another licensee to exclusively
represent the seller within the same firm?
• A. Dual agency
• B. Designated agency
