GA Real Estate Practice Questions and Complete Solutions

What fines may be imposed by the Commission for rules violations? A maximum of $1,000 for a single offence or $5,000 for multiple violations Charging advance brokerage fees is a duty of a broker. Agency can best be described as a written representation agreement between broker and client. Which is true concerning the Commission Chairperson? He is appointed by the Commission members annually. The Georgia Real Estate Commission is comprised of 6 members appointed by the governor and confirmed by the Senate. Which of the following best describes a brokerage agreement? A written compensatory agreement between broker and seller The Commission's disciplinary authority includes requiring periodic accounting reports related to trust violations. One of the responsibilities of Commission members is to monitor the availability of licensure to the public. Brokerage related activities not requiring the exercise of the licensee's own judgment best describe ministerial acts. The license period in Georgia is 4 years for both salesperson and brokers. Which of the following describes the property management licensing exemption? When any individual employed by a broker assists in property management services on residential property Concerning the Georgia licensing exam, which of the following is true? A passing grade of 75% or higher is required. The "innkeeper's" exemption is characterized by a written agreement with owner involving occupancy not exceeding 90 days.