Real Estate Express- GA Final Exam Solved 100%

A violation of a Commission rule is -subject to a reprimand for an initial offense. also considered a civil offense and subject to similar disciplinary action. -considered breaking the law and requires a hearing before the judicial board. -considered the same as violating the license law itself. - Answer considered the same as violating the license law itself. In the event of a Commission vacancy -the governor appoints a new member. -the remaining members elect a replacement by majority vote. -the Commissioner selects the replacement member. -the governor appoints a replacement member only at the start of a new term. - Answer the governor appoints a new member. Which is true concerning the Commission Chairperson? -He is appointed by the governor every 5 years. -He is appointed by the Commission at the beginning of each new term. -He must have served on the Commission for a minimum of 3 years. -He is appointed by the Commission members annually. - Answer He is appointed by the Commission members annually. The definition "licensee" includes -corporations, partnerships, and proprietorships. -association managers, salespersons, and brokers. -property managers and business brokers. -real estate office and association managers. - Answer association managers, salespersons, and brokers. One of the responsibilities of Commission members is to -maintain the deliberative nature of the body over policy concerns and actions. -remain removed and impartial towards the day-to-day staff functions. -monitor the availability of licensure to the public. -refer all licensee investigative matters to the Commission attorney. - Answer monitor the availability of licensure to the public. The purpose of Commission members is -to protect the public from any harmful acts committed by real estate licensees. -to represent the public interests. -to represent the interests of the real estate industry. -to interface the real estate industry concerns with legislative officials. - Answer to protect the public from any harmful acts committed by real estate licensees. The Commission's efforts towards impartiality relates best to -not using registration laws in settling private disputes. -using licensing laws to advance private trade association interests. -advancing the interests of all real estate businesses in through public awareness. -requiring one unlicensed member from outside the real estate profession. - Answer not using registration laws in settling private disputes. The Commission rules and regulations may be adopted under what circumstances? -They must pass by a majority vote of the commission members. -They must be approved by the legislative Real Estate Oversight Committee. -They must fall under the required "umbrella" of fair and reasonable practices. -They must fall under the "umbrella" of the license law. - Answer They must fall under the "umbrella" of the license law. Which of the following is true concerning a real estate broker? -Collects rents or assessments from another for compensation -Supervises all associate's work flow and office files -Is necessarily a principal in the brokerage firm -Registers sales activity quarterly with the Commission - Answer Collects rents or assessments from another for compensation Failure to submit a renewal application in a timely manner will result in... -immediate license suspension with associated reinstatement fines. -a lapsed license requiring reinstatement and renewal fees. -1 year in which to reinstate the license with corresponding reinstatement fees. -license revocation requiring the licensee to start from scratch. - Answer a lapsed license requiring reinstatement and renewal fees.