Georgia 75 hour Final Review Exam And
Answers Scored A+.
Which of the following is true about ministerial acts?
only community association managers may perform them
Only commissioner may perform them
A license is not required to perform them
Only corporate employees may perform them - Answer A license is not required to perform
them
Which of the following could be responsibility of a real estate broker?
Selling personal property
Inspecting property for possible damage
Serving as the commissioner
Providing physical maintenance of an apartment building - Answer Selling personal property
The GA Real Estate Commission is made up of
6 members, including 2 commissioners, appointed by the governor and confirmed by the senate
4 members, appointed by the governor and confirmed by the senate
6 members, appointed by the governor and confirmed by the senate
7 members selected by the senate committee and confirmed by the house - Answer 6
members, appointed by the governor and confirmed by the senate
The purpose of the GA real estate commission is to represent the public - Answer False
Which of the following is not one of the ways in which the commission protects the public
interest?
Encouraging free and open markets
Using licensing laws to settle private disputes
Denying the rights to practice to incompetent people
Assuring individuals' rights to Justice and equal opportunity - Answer Using licensing laws to
,$5,000 fine
Permanent revocation of his license
Periodic report from an independent accountant
Censure - Answer Censure
What is true concerning the commission's due process?
All rules and regulations must be approved by the GA General Assembly
All license infractions much be first processed through the court system
Assembly has given legislative authority to the commission over real estate issues
Any new rules must not increase business costs without a compelling need - Answer Any new
rules must not increase business costs without a compelling need
The commission's disciplinary authority includes
Requiring periodic accounting reports related to trust violations
Fines and imprisonment
Requiring formal hearings
Providing legal representation - Answer Requiring periodic accounting reports related to trust
violations
One responsibility of a commission member is to
Comply with legislature's hearing process
Evaluate staff operations
Enact license laws
Confirm other commission members - Answer Evaluate staff operations
What is the purpose of the commission's rules and regulations?
Protect the industry it regulates
Protect the public from unlawful acts by licensees
To clarify sections of the law
To provide the commission authority to administer the GA Appraisal Act - Answer Clarify
sections of the law
, -- the remaining members elect a replacement by majority vote.
-- the Commissioner selects the replacement member.
-- the governor appoints a replacement member at the start of a new term. - Answer The
governor appoints a new member
The definition of 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
The purpose of the GA real estate commission is to
Manage real estate firms
Protect the public from harmful acts by licensee
Represent the public
Represent the real estate industry - Answer Protect the public from harmful acts by licensees
The commission members appoints their commissioner
Every year
Every 2 years
Every 3 years
Every 5 years - Answer Every year
Which of the following is not an activity that a broker General performs?
Providing community association management services
Collecting rent
Appraising a property
Auctioning property - Answer Appraising property
Answers Scored A+.
Which of the following is true about ministerial acts?
only community association managers may perform them
Only commissioner may perform them
A license is not required to perform them
Only corporate employees may perform them - Answer A license is not required to perform
them
Which of the following could be responsibility of a real estate broker?
Selling personal property
Inspecting property for possible damage
Serving as the commissioner
Providing physical maintenance of an apartment building - Answer Selling personal property
The GA Real Estate Commission is made up of
6 members, including 2 commissioners, appointed by the governor and confirmed by the senate
4 members, appointed by the governor and confirmed by the senate
6 members, appointed by the governor and confirmed by the senate
7 members selected by the senate committee and confirmed by the house - Answer 6
members, appointed by the governor and confirmed by the senate
The purpose of the GA real estate commission is to represent the public - Answer False
Which of the following is not one of the ways in which the commission protects the public
interest?
Encouraging free and open markets
Using licensing laws to settle private disputes
Denying the rights to practice to incompetent people
Assuring individuals' rights to Justice and equal opportunity - Answer Using licensing laws to
,$5,000 fine
Permanent revocation of his license
Periodic report from an independent accountant
Censure - Answer Censure
What is true concerning the commission's due process?
All rules and regulations must be approved by the GA General Assembly
All license infractions much be first processed through the court system
Assembly has given legislative authority to the commission over real estate issues
Any new rules must not increase business costs without a compelling need - Answer Any new
rules must not increase business costs without a compelling need
The commission's disciplinary authority includes
Requiring periodic accounting reports related to trust violations
Fines and imprisonment
Requiring formal hearings
Providing legal representation - Answer Requiring periodic accounting reports related to trust
violations
One responsibility of a commission member is to
Comply with legislature's hearing process
Evaluate staff operations
Enact license laws
Confirm other commission members - Answer Evaluate staff operations
What is the purpose of the commission's rules and regulations?
Protect the industry it regulates
Protect the public from unlawful acts by licensees
To clarify sections of the law
To provide the commission authority to administer the GA Appraisal Act - Answer Clarify
sections of the law
, -- the remaining members elect a replacement by majority vote.
-- the Commissioner selects the replacement member.
-- the governor appoints a replacement member at the start of a new term. - Answer The
governor appoints a new member
The definition of 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
The purpose of the GA real estate commission is to
Manage real estate firms
Protect the public from harmful acts by licensee
Represent the public
Represent the real estate industry - Answer Protect the public from harmful acts by licensees
The commission members appoints their commissioner
Every year
Every 2 years
Every 3 years
Every 5 years - Answer Every year
Which of the following is not an activity that a broker General performs?
Providing community association management services
Collecting rent
Appraising a property
Auctioning property - Answer Appraising property
