Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 4 out of 43 pages
Exam (elaborations)

The ce shop ( georgia) final exam Questions & Detailed Explanations 2026/2027

Document preview thumbnail
Preview 4 out of 43 pages

The ce shop ( georgia) final exam Questions & Detailed Explanations 2026/2027

Content preview

The ce shop ( georgia) final exam Questions & Detailed
Explanations 2026/2027


Question 1
Under the Brokerage Relationships in Real Estate Transactions Act
(BRRETA), what type of relationship is created between a broker and a
client?
• A. Fiduciary relationship
• B. Transactional agency
• C. Brokerage relationship
• D. Universal agency
Correct Answer: C. Brokerage relationship
Detailed Rationale: BRRETA specifically defines the relationship
between a broker and a client as a "brokerage relationship," not a
fiduciary relationship, although the broker must perform duties defined
by the statute.
Question 2
How many hours of Continuing Education (CE) must a Georgia licensee
complete every four-year renewal period?
• A. 24 hours
• B. 36 hours
• C. 48 hours

, • D. 25 hours
Correct Answer: B. 36 hours
Detailed Rationale: Georgia law requires licensees to complete 36
hours of approved continuing education during each four-year renewal
period to maintain an active license.
Question 3
If a Georgia licensee is asked by a prospective buyer if a property was
the site of a homicide or suicide, what is the licensee's obligation?
• A. They must disclose it if they have actual knowledge.
• B. They are required to disclose it under all circumstances.
• C. They are not required to disclose it unless a prospective buyer
makes a written request for disclosure.
• D. They must inform the local police.
Correct Answer: C. They are not required to disclose it unless a
prospective buyer makes a written request for disclosure.
Detailed Rationale: Under Georgia law, licensees are not required to
disclose facts about a property being a site of a homicide, suicide, or
other felony, unless requested in writing by the buyer.
Question 4
A salesperson receives an earnest money check from a buyer on Friday
afternoon. When must the broker deposit these funds into the trust
account, assuming no specific time is stated in the contract?
• A. Within 24 hours

, • B. Within three business days
• C. Within five banking days
• D. Immediately upon receipt
Correct Answer: B. Within three business days
Detailed Rationale: Unless the sales contract specifies otherwise, a
broker must deposit earnest money into the trust account within three
business days of receiving the funds.
Question 5
What is the purpose of the Georgia Real Estate Commission (GREC)?
• A. To set commission rates for real estate transactions
• B. To protect the public from dishonest or incompetent real estate
practice
• C. To provide legal advice to real estate agents
• D. To lobby the state legislature for higher agent fees
Correct Answer: B. To protect the public from dishonest or incompetent
real estate practice
Detailed Rationale: The primary purpose of the GREC is to protect the
public by ensuring that licensees follow state laws and regulations,
rather than serving the interests of the real estate industry itself.
Question 6
When must a licensee present a disclosure regarding the brokerage
relationship to a prospective client?
• A. At the closing

, • B. After the contract is signed
• C. At the first substantive contact
• D. Before any discussion about the property
Correct Answer: C. At the first substantive contact
Detailed Rationale: Under BRRETA, a licensee must disclose the types
of brokerage relationships available to a prospective client at the first
substantive contact.
Question 7
A Georgia real estate license expires:
• A. Every two years on the last day of the licensee's birth month
• B. Every four years on the last day of the licensee's birth month
• C. Every year on December 31st
• D. Upon the death of the managing broker
Correct Answer: B. Every four years on the last day of the licensee's
birth month
Detailed Rationale: Georgia licenses must be renewed every four years,
and the expiration date is set for the last day of the licensee's birth
month.
Question 8
What is the "Post-License" education requirement for a new Georgia
salesperson?
• A. 25 hours within the first year of licensure
• B. 36 hours within the first year

Document information

Uploaded on
August 11, 2026
Number of pages
43
Written in
2026/2027
Type
Exam (elaborations)
Contains
Questions & answers
$19.99

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
CreativeWrites
3.6
(24)
Sold
110
Followers
3
Items
8609
Last sold
2 days ago




Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions