Georgia MLS Practice Class Exam
Questions and Answers 100% Solved
When should a licensee disclose to the parties whom their firm intends to
represent in a transaction? - ✔✔Disclosure should be made verbally and in
writing to all parties as soon as possible.
A selling broker desires to represent a purchaser in a real estate
transaction while at the same time act as a subagent of the listing broker
and seller. Could the broker perform both of these functions in the same
transaction? - ✔✔No, when a broker working with a buyer acts as a
subagent of the listing broker and seller, that broker working with a buyer
must represent the seller and treat the buyer as a customer
Whether or not a real estate sales affiliate in GA may act as a buyer's
agent will be determined by: - ✔✔the company policy and procedures
manual issued to all sales affiliates by the broker
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Under what circumstances might a broker who is working with a
prospective buyer receive compensation/commission from a listing broker?
- ✔✔Only if there is a cooperating agreement between the two brokers.
You are a salesperson representing the seller. What are your duties when
working with a buyer/customer? - ✔✔You must deal with them honestly
A brokerage engagement in GA creates an employment agreement
between: - ✔✔Broker and client
Regarding the Brokerage Relationship in Real Estate Transaction ACT
(BRRETA), how are agency relationships created? - ✔✔Agency
relationships may be created only through written brokerage engagements
Under a listing agreement, the primary agency relationship involves: -
✔✔the seller as the principal, and the broker as the agent
A property is listed for $200,000. The sellers owe $100,000 on their current
loan and have agreed to pay $2000 towards closing costs for the sale of
the property. The sellers also agree to pay the listing broker a 6%
commission should a ready, willing and able buyer be secured to purchase
the property. If the property sells for full price, what will be the net proceeds
for the sellers? - ✔✔$86,000
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,According to BRRETA, a listing agent must voluntarily disclose to a buyer
customer: - ✔✔known latent defects
Instructed by a client not to present any offers substantially below the listing
price, an agent decides not to inform the seller of a prospective buyer's
"low ball" written offer. Would real estate agency law find the licensee's
decision acceptable? - ✔✔No, the agent must present all offers to the seller
client
You have agreed with your broker to split commissions 60% to you and
40% to your broker. Your listing was just sold by another company for
$139,000. Your broker has agreed to pay the selling broker 50% of any
commission. If the commission on this sale was 6% what was your share of
the commission? - ✔✔$2502
A broker who has a brokerage relationship with both seller and buyer or
both landlord and tenant in the same transaction is considered a - ✔✔dual
agent
As a representative of an employing broker, a real estate salesperson in
GA must act in the best interest of a client as well as in accordance with all
applicable laws. With regard to these duties and responsibilities, the
obligations of a real estate salesperson might best be stated as follows: -
3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, ✔✔A salesperson's highest obligation is to any applicable laws, next to the
broker, and then to the client
You are working as an agent for the broker. In this relationship the broker
dictates office hours, work schedules, withholds federal and state taxes,
and pays FICA contributions. This relationship would be considered: -
✔✔employer/employee
As an independent contractor for a brokerage firm, a licensee - ✔✔must
have a written employment agreement/contract with the broker
In a real estate transaction involving a broker and a broker's salesperson,
there are 2 agency relationships established. These agency relationships
are between the - ✔✔broker and principal, and broker and salesperson
If the salesperson is an agent for the broker, can the salesperson sign
brokerage engagements? - ✔✔Yes, the authority to sign brokerage
engagements is typically provided to the salesperson in the broker
affiliation agreement
A seller enters into an exclusive brokerage engagement with the
agreement that if the owner sells the property personally, no commission
4
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
Questions and Answers 100% Solved
When should a licensee disclose to the parties whom their firm intends to
represent in a transaction? - ✔✔Disclosure should be made verbally and in
writing to all parties as soon as possible.
A selling broker desires to represent a purchaser in a real estate
transaction while at the same time act as a subagent of the listing broker
and seller. Could the broker perform both of these functions in the same
transaction? - ✔✔No, when a broker working with a buyer acts as a
subagent of the listing broker and seller, that broker working with a buyer
must represent the seller and treat the buyer as a customer
Whether or not a real estate sales affiliate in GA may act as a buyer's
agent will be determined by: - ✔✔the company policy and procedures
manual issued to all sales affiliates by the broker
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Under what circumstances might a broker who is working with a
prospective buyer receive compensation/commission from a listing broker?
- ✔✔Only if there is a cooperating agreement between the two brokers.
You are a salesperson representing the seller. What are your duties when
working with a buyer/customer? - ✔✔You must deal with them honestly
A brokerage engagement in GA creates an employment agreement
between: - ✔✔Broker and client
Regarding the Brokerage Relationship in Real Estate Transaction ACT
(BRRETA), how are agency relationships created? - ✔✔Agency
relationships may be created only through written brokerage engagements
Under a listing agreement, the primary agency relationship involves: -
✔✔the seller as the principal, and the broker as the agent
A property is listed for $200,000. The sellers owe $100,000 on their current
loan and have agreed to pay $2000 towards closing costs for the sale of
the property. The sellers also agree to pay the listing broker a 6%
commission should a ready, willing and able buyer be secured to purchase
the property. If the property sells for full price, what will be the net proceeds
for the sellers? - ✔✔$86,000
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,According to BRRETA, a listing agent must voluntarily disclose to a buyer
customer: - ✔✔known latent defects
Instructed by a client not to present any offers substantially below the listing
price, an agent decides not to inform the seller of a prospective buyer's
"low ball" written offer. Would real estate agency law find the licensee's
decision acceptable? - ✔✔No, the agent must present all offers to the seller
client
You have agreed with your broker to split commissions 60% to you and
40% to your broker. Your listing was just sold by another company for
$139,000. Your broker has agreed to pay the selling broker 50% of any
commission. If the commission on this sale was 6% what was your share of
the commission? - ✔✔$2502
A broker who has a brokerage relationship with both seller and buyer or
both landlord and tenant in the same transaction is considered a - ✔✔dual
agent
As a representative of an employing broker, a real estate salesperson in
GA must act in the best interest of a client as well as in accordance with all
applicable laws. With regard to these duties and responsibilities, the
obligations of a real estate salesperson might best be stated as follows: -
3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, ✔✔A salesperson's highest obligation is to any applicable laws, next to the
broker, and then to the client
You are working as an agent for the broker. In this relationship the broker
dictates office hours, work schedules, withholds federal and state taxes,
and pays FICA contributions. This relationship would be considered: -
✔✔employer/employee
As an independent contractor for a brokerage firm, a licensee - ✔✔must
have a written employment agreement/contract with the broker
In a real estate transaction involving a broker and a broker's salesperson,
there are 2 agency relationships established. These agency relationships
are between the - ✔✔broker and principal, and broker and salesperson
If the salesperson is an agent for the broker, can the salesperson sign
brokerage engagements? - ✔✔Yes, the authority to sign brokerage
engagements is typically provided to the salesperson in the broker
affiliation agreement
A seller enters into an exclusive brokerage engagement with the
agreement that if the owner sells the property personally, no commission
4
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
