GEORGIA REAL ESTATE RECIPROCITY ACTUAL EXAM
MIDTERM COMPLETE ACCURATE REAL EXAM 2026
QUESTIONS WITH WELL ELABORATED ANSWERS AND
RATIONALES (100% CORRECT VERIFIED
SOLUTIONS) GUARANTEED PASS A+|BRAND NEW!
2026-2027
In Georgia, after the commissioner reviews an investigator's report on a
complaint, the commissioner may take one of several actions. Which of
these is NOT an option?
A. Impose sanctions against the licensee
B. Recommend that GREC dismiss the case
C. Request further investigation
D. Turn over the case to the attorney general's office.
A. Impose sanctions against the licensee
What's true about the extension clause in Georgia's brokerage
agreements?
A. It extends the agreement term if a binding contract that falls through
for any reason
B. It's only valid if the parties agree to the extension
C. It's the same thing as the protected period
D. The parties decide on the extension period when signing the
agreement.
A. It extends the agreement term if a binding contract that falls through
for any reason
,Albert wants to sell his house to his cousin, who's willing to assume his
FHA loan. What clause in Albert's mortgage requires him to obtain the
lender's permission to do this?
A. Acceleration clause
B. Alienation clause
C. Non-recourse clause
D. Transfer clause
B. Alienation clause
A consumer filed a complaint against Vivian for providing professional
real estate services without a license. What initial action will GREC likely
take against her?
A. File an arrest warrant against her for breaking the law
B. Issue a cease and desist order
C. Levy a $1,000 fine
D. Subpoena her to appear at a hearing before the commission.
B. Issue a cease and desist order
Within a brokerage, who's responsible for supervising a team's
unlicensed personal assistant?
A. No supervision is required for unlicensed personnel
B. Office manager
C. Qualifying broker
D. Team leader
C. Qualifying broker
,GREC won't investigate a complaint unless the incident prompting the
complaint occurred within the past _.
A. Six months
B. Three years
C. Two years
D. Year
B. Three years
Mel, a Georgia real estate salesperson, recently declined to represent a
Serbian couple who recently moved to Atlanta. He feels they require
more detailed explanations of real estate transactions. In what way is
Mel violating the unfair trade practices law?
A. Mel is acting outside the scope of his license
B. Mel is being dishonest
C. Mel is discriminating
D. Mel is showing a conflict of interest.
C. Mel is discriminating
GAFLA targets predatory lending by prohibiting which of the
following?
A. Discrimination against protected classes
B. Excessive late fees and financing of credit insurance
C. Excessive origination fees and discount points
D. Redlining and blockbusting
B. Excessive late fees and financing of credit insurance
, As a state agency, how is GREC funded?
A. A percentage of all brokerage firms' sales volume
B. Licensee fines
C. License fees
D. State taxes
C. License fees
Dolcita is an unlicensed assistant for licensee Glynnis at Acme Realty.
Which of the following best describes how Dolcita can be
compensated for her work?
A. As a percentage of Glynnis's earned commission
B. Hourly, salaried, or as a percentage of Glynnis's earned commission
C. Hourly, salaried, or per activity
D. Hourly, salaried, per activity, per transaction closed, or as a
percentage of Glynnis's earned commission
C. Hourly, salaried, or per activity
At the close of a real estate transaction, the ______ and the _____ of the
transaction must reflect a zero balance.
A. Checks, balances
B. Deposits, account fees
C. Deposits, disbursements
D. Interest, disbursements
C. Deposits, disbursements
MIDTERM COMPLETE ACCURATE REAL EXAM 2026
QUESTIONS WITH WELL ELABORATED ANSWERS AND
RATIONALES (100% CORRECT VERIFIED
SOLUTIONS) GUARANTEED PASS A+|BRAND NEW!
2026-2027
In Georgia, after the commissioner reviews an investigator's report on a
complaint, the commissioner may take one of several actions. Which of
these is NOT an option?
A. Impose sanctions against the licensee
B. Recommend that GREC dismiss the case
C. Request further investigation
D. Turn over the case to the attorney general's office.
A. Impose sanctions against the licensee
What's true about the extension clause in Georgia's brokerage
agreements?
A. It extends the agreement term if a binding contract that falls through
for any reason
B. It's only valid if the parties agree to the extension
C. It's the same thing as the protected period
D. The parties decide on the extension period when signing the
agreement.
A. It extends the agreement term if a binding contract that falls through
for any reason
,Albert wants to sell his house to his cousin, who's willing to assume his
FHA loan. What clause in Albert's mortgage requires him to obtain the
lender's permission to do this?
A. Acceleration clause
B. Alienation clause
C. Non-recourse clause
D. Transfer clause
B. Alienation clause
A consumer filed a complaint against Vivian for providing professional
real estate services without a license. What initial action will GREC likely
take against her?
A. File an arrest warrant against her for breaking the law
B. Issue a cease and desist order
C. Levy a $1,000 fine
D. Subpoena her to appear at a hearing before the commission.
B. Issue a cease and desist order
Within a brokerage, who's responsible for supervising a team's
unlicensed personal assistant?
A. No supervision is required for unlicensed personnel
B. Office manager
C. Qualifying broker
D. Team leader
C. Qualifying broker
,GREC won't investigate a complaint unless the incident prompting the
complaint occurred within the past _.
A. Six months
B. Three years
C. Two years
D. Year
B. Three years
Mel, a Georgia real estate salesperson, recently declined to represent a
Serbian couple who recently moved to Atlanta. He feels they require
more detailed explanations of real estate transactions. In what way is
Mel violating the unfair trade practices law?
A. Mel is acting outside the scope of his license
B. Mel is being dishonest
C. Mel is discriminating
D. Mel is showing a conflict of interest.
C. Mel is discriminating
GAFLA targets predatory lending by prohibiting which of the
following?
A. Discrimination against protected classes
B. Excessive late fees and financing of credit insurance
C. Excessive origination fees and discount points
D. Redlining and blockbusting
B. Excessive late fees and financing of credit insurance
, As a state agency, how is GREC funded?
A. A percentage of all brokerage firms' sales volume
B. Licensee fines
C. License fees
D. State taxes
C. License fees
Dolcita is an unlicensed assistant for licensee Glynnis at Acme Realty.
Which of the following best describes how Dolcita can be
compensated for her work?
A. As a percentage of Glynnis's earned commission
B. Hourly, salaried, or as a percentage of Glynnis's earned commission
C. Hourly, salaried, or per activity
D. Hourly, salaried, per activity, per transaction closed, or as a
percentage of Glynnis's earned commission
C. Hourly, salaried, or per activity
At the close of a real estate transaction, the ______ and the _____ of the
transaction must reflect a zero balance.
A. Checks, balances
B. Deposits, account fees
C. Deposits, disbursements
D. Interest, disbursements
C. Deposits, disbursements
