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COLLIBRI REAL ESTATE FINAL EXAM
QUESTIONS BANK NEWEST 2024
COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW VERSION!
Jadarius has had his license suspended. By law, Jadarius's name
will b e published on the Georgia Real Estate Commission
website if the licenses has been suspended for how long?
A) 15 days
B) 30 days
C) 60 days
D) 90 days - ANSWER- C) 60 days
Why was the Real Estate Education, Research and Recovery
Fund established?
A) To educate the public about real estate
B) To fund courses for real estate agents
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C) To compensate consumers damaged by licensees' practices
D) To conduct real estate research projects - ANSWER- C) To
compensate consumers damaged by licensees' practices
Which of these persons would require a real estate license?
A) Suresh is a full-time employee of a utility company. He
negotiates and acquires leases for the company.
B) Greta is an attorney who conveys real estate under a power of
attorney.
C) Jack refers clients to his licensed broker brother and receives
a fee from the parties he refers.
D) A partnership sells a building owned by the partners. -
ANSWER- C) Jack refers clients to his licensed broker brother
and receives a fee from the parties he refers.
Broker Larry received an earnest money check from a buyer for
$3,000. He needed the money, so he cashed the check. At
closing, he gave the seller a check for $3,180, the amount of the
original check plus 6% interest. Which statement is true?
A) Larry should have deposited the earnest money in a
federally-insured account with other escrow funds.
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B) It was okay that Larry cashed the check, but he should not
have given the interest to the seller.
C) Larry should have deposited the check into his personal
account and kept the interest.
D) Larry should have discussed what to do with the interest with
all of the parties involved in the transaction. - ANSWER- A)
Larry should have deposited the earnest money in a federally-
insured account with other escrow funds.
Which of the following is true of Georgia support personnel?
A) They must be licensed.
B) They may insert factual information into form contracts
under the supervision of the employing broker.
C) They may independently host open houses.
D) They must always be unlicensed. - ANSWER- B) They may
insert factual information into form contracts under the
supervision of the employing broker.
Jake and Hal are partners in a real estate firm. Jake, the
qualifying broker, dies unexpectedly. Which of the following
statements is FALSE?
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A) Hal may temporarily saves as qualifying broker if the
qualifying criteria are met.
B) The designated partner can sign all documents that must filed
with the Commission.
C) Only Hal has the authority to disburse trust funds from the
designated accounts.
D) The firm has 60 days to secure a new qualifying broker. -
ANSWER- C) Only Hal has the authority to disburse trust funds
from the designated accounts.
Jim is a community association manager and Dick is a property
manager. Which of the following statements is NOT true?
A) Jim deals with multiple owners.
B) Dick has a single client.
C) Jim interacts with his owner frequently.
D) Dick must have day-to-day contact with his client. -
ANSWER- D) Dick must have day-to-day contact with his
client.
Ben is a broker who is selling his own home. When advertising
his home for sale, all of the following is true about the ad
EXCEPT that it
COLLIBRI REAL ESTATE FINAL EXAM
QUESTIONS BANK NEWEST 2024
COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW VERSION!
Jadarius has had his license suspended. By law, Jadarius's name
will b e published on the Georgia Real Estate Commission
website if the licenses has been suspended for how long?
A) 15 days
B) 30 days
C) 60 days
D) 90 days - ANSWER- C) 60 days
Why was the Real Estate Education, Research and Recovery
Fund established?
A) To educate the public about real estate
B) To fund courses for real estate agents
,2|Page
C) To compensate consumers damaged by licensees' practices
D) To conduct real estate research projects - ANSWER- C) To
compensate consumers damaged by licensees' practices
Which of these persons would require a real estate license?
A) Suresh is a full-time employee of a utility company. He
negotiates and acquires leases for the company.
B) Greta is an attorney who conveys real estate under a power of
attorney.
C) Jack refers clients to his licensed broker brother and receives
a fee from the parties he refers.
D) A partnership sells a building owned by the partners. -
ANSWER- C) Jack refers clients to his licensed broker brother
and receives a fee from the parties he refers.
Broker Larry received an earnest money check from a buyer for
$3,000. He needed the money, so he cashed the check. At
closing, he gave the seller a check for $3,180, the amount of the
original check plus 6% interest. Which statement is true?
A) Larry should have deposited the earnest money in a
federally-insured account with other escrow funds.
,3|Page
B) It was okay that Larry cashed the check, but he should not
have given the interest to the seller.
C) Larry should have deposited the check into his personal
account and kept the interest.
D) Larry should have discussed what to do with the interest with
all of the parties involved in the transaction. - ANSWER- A)
Larry should have deposited the earnest money in a federally-
insured account with other escrow funds.
Which of the following is true of Georgia support personnel?
A) They must be licensed.
B) They may insert factual information into form contracts
under the supervision of the employing broker.
C) They may independently host open houses.
D) They must always be unlicensed. - ANSWER- B) They may
insert factual information into form contracts under the
supervision of the employing broker.
Jake and Hal are partners in a real estate firm. Jake, the
qualifying broker, dies unexpectedly. Which of the following
statements is FALSE?
, 4|Page
A) Hal may temporarily saves as qualifying broker if the
qualifying criteria are met.
B) The designated partner can sign all documents that must filed
with the Commission.
C) Only Hal has the authority to disburse trust funds from the
designated accounts.
D) The firm has 60 days to secure a new qualifying broker. -
ANSWER- C) Only Hal has the authority to disburse trust funds
from the designated accounts.
Jim is a community association manager and Dick is a property
manager. Which of the following statements is NOT true?
A) Jim deals with multiple owners.
B) Dick has a single client.
C) Jim interacts with his owner frequently.
D) Dick must have day-to-day contact with his client. -
ANSWER- D) Dick must have day-to-day contact with his
client.
Ben is a broker who is selling his own home. When advertising
his home for sale, all of the following is true about the ad
EXCEPT that it
