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Georgia Real Estate Practice 52 questions with correct answer

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Georgia Real Estate Practice 52 questions with correct answer

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Social Science Law


Georgia Real Estate Practice 52 questions with correct
answer
Terms in this set (52)



Legal competency age in Georgia is: B.
a.15
b.18
c. 21
d. 16


What does BRRETA stand for? C.
a.The Brokerage Real Estate Training Act
b.The Brokerage Real Estate Transactions
Act
c.The Brokerage Relationships in Real Estate
Transactions Act
d.The Georgia Basic Relationships in
Real Estate Transactions Act

, The Georgia Real Estate Commission is C.
composed of:
a.Three brokers, two salespersons, and
a district representative and a
representative of the public at large.
b.Two brokers, two salespersons, and a
district representative and a representative
of the public at large.
c. Six members, five licensees and the
sixth member someone with no
connection to the real estate industry.
d. Eight members, seven licensees and the
eighth member someone with no
connection to the real estate industry.



What are the license renewal requirements B.
in Georgia for a real estate salesperson and
broker? Choose the best answer.
a.Hold an active license.
b. Hold an active license and complete the
appropriate hours of continuing education.
c. Just complete 20 hours of commission
approved continuing education.
d. None, as long as you have had a
real estate license within the last ten
years.

All of the following are agency relationships B.
in Georgia EXCEPT:
a.the attorney-client relationship
b. the real estate salesperson-buyer
relationship
c. the real estate broker-buyer relationship
d. none of the above


Under what circumstances can a real estate


D. salesperson conduct closing?
a.Never.
b.With the signatures of the buyer
and seller.
c. With the signatures of the buyer, seller
and broker.
d. Only if a real estate salesperson is
also licensed as an attorney.

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