GEORGIA REAL ESTATE RECIPROCITY EXAM QUESTIONS & ANSWERS 2026-2027…
P R O F E S S I O N A L P R A C T I C E M AT E R I A L S
Georgia Real Estate
Reciprocity Exam
Questions & Answers 2026-
2027 | Latest Verified Exam
(Rationales)
Verified Answers Exam Ready With Rationales 139 QUESTIONS
DOCUMENT OVERVIEW
This document provides 139 verified Georgia Real Estate reciprocity exam questions, each
with its correct answer and a detailed explanation. It covers essential Georgia real estate
principles and practices. This resource is ideal for exam preparation and comprehensive
review of licensing requirements.
TOPICS
• Brokerage Operations & Duties • License Law & Commission
• Agency & Representation • Advertising & Disclosure
• Compensation & Fees • Exemptions & Unlicensed Activity
• Licensing Requirements & Status • Recovery Fund & Claims
Page 1
, E XA M Q U EST I O N S
Q1 QUESTION 1 OF 139
Josef is an agent who represents both the buyer and the seller in an in-house real estate
transaction. Josef is a
CORRECT ANSWER
dual agent
RATIONALE
An in-house transaction occurs when a brokerage firm represents both the buyer and the seller,
making the agent a dual agent. This situation necessitates disclosure to both parties that the agent
is acting in a dual capacity.
Q2 QUESTION 2 OF 139
In Georgia, a broker must deposit the earnest money in a separate trust or escrow account
established for that purpose, unless:
A) the amount is less than $500
B) all parties involved have agreed otherwise in writing
C) the broker has established a policy for holding the earnest money
D) the seller has requested that the money be deposited in his or her account.
CORRECT ANSWER
B) all parties involved have agreed otherwise in writing
RATIONALE
While earnest money is typically held in trust, Georgia law permits an exception when all parties
mutually agree in writing to an alternative arrangement, overriding the standard requirement. This
highlights the principle of contractual freedom and the ability of principals to dictate terms within
legal boundaries.
Page 2
, Q3 QUESTION 3 OF 139
A salesperson negotiated the sale of a house for a builder. Because the house had been on
the market for a long time, the builder offered to give the salesperson a television as a
bonus. Which of the following is true about this situation?
A) The salesperson can accept the bonus only if he notifies the purchaser.
B) The salesperson can accept the bonus only with the knowledge and consent of the broker
holding the license.
C) Because the value of the bonus is nominal, the salesperson can accept it without
notifying anyone.
D) The salesperson cannot accept the bonus under any circumstances because that would
be an unfair trade practice.
CORRECT ANSWER
B) The salesperson can accept the bonus only with the knowledge and consent of the broker
holding the license.
RATIONALE
Real estate salespeople are agents of their sponsoring broker, and any bonus or commission
related to a transaction must be disclosed to and approved by the broker to ensure transparency
and compliance with licensing laws. This principle underscores the fiduciary duty owed to the
broker and upholds professional standards by preventing undisclosed compensation.
Q4 QUESTION 4 OF 139
A broker learns that a neighbor might be selling their house and proceeds to secure
potential buyers without the knowledge and consent of the owner. Would the broker's
action be in violation of the license law?
A) No, this would be considered an open brokerage agreement
B) No, but he could not advertise the property
C) Yes, the broker is acting in dual capacity
D) Yes, this would be considered an unauthorized offering.
CORRECT ANSWER
D) Yes, this would be considered an unauthorized offering.
Page 3
, RATIONALE
Acting without the owner's explicit consent constitutes an unauthorized offering, violating license
law by misrepresenting authority and potentially breaching fiduciary duties. This scenario tests the
principle of requiring proper authorization before marketing a property.
Q5 QUESTION 5 OF 139
On Monday evening, after the brokerage office has closed, a salesperson receives an offer to
purchase and an earnest money deposit in the form of a personal check. On Wednesday, she
obtains the final acceptance on the offer. The earnest money check would MOST LIKELY be
turned over to her broker.
A) Monday
B) Tuesday
C) Wednesday
D) Thursday
CORRECT ANSWER
B) Tuesday
RATIONALE
Real estate regulations mandate that earnest money, received as a personal check, must be
deposited into a trust account by the next business day, which would be Tuesday. This practice
ensures the funds are secured and available for the transaction.
Q6 QUESTION 6 OF 139
Licensees must keep true and correct copies of all sales contracts, closing statements and
other documents related to real estate closings for a period of:
A) three years
B) three years and up to five years at the request of the Commission
C) five years
D) five years and up to 10 years at the request of the commission
CORRECT ANSWER
A) three years
Page 4
P R O F E S S I O N A L P R A C T I C E M AT E R I A L S
Georgia Real Estate
Reciprocity Exam
Questions & Answers 2026-
2027 | Latest Verified Exam
(Rationales)
Verified Answers Exam Ready With Rationales 139 QUESTIONS
DOCUMENT OVERVIEW
This document provides 139 verified Georgia Real Estate reciprocity exam questions, each
with its correct answer and a detailed explanation. It covers essential Georgia real estate
principles and practices. This resource is ideal for exam preparation and comprehensive
review of licensing requirements.
TOPICS
• Brokerage Operations & Duties • License Law & Commission
• Agency & Representation • Advertising & Disclosure
• Compensation & Fees • Exemptions & Unlicensed Activity
• Licensing Requirements & Status • Recovery Fund & Claims
Page 1
, E XA M Q U EST I O N S
Q1 QUESTION 1 OF 139
Josef is an agent who represents both the buyer and the seller in an in-house real estate
transaction. Josef is a
CORRECT ANSWER
dual agent
RATIONALE
An in-house transaction occurs when a brokerage firm represents both the buyer and the seller,
making the agent a dual agent. This situation necessitates disclosure to both parties that the agent
is acting in a dual capacity.
Q2 QUESTION 2 OF 139
In Georgia, a broker must deposit the earnest money in a separate trust or escrow account
established for that purpose, unless:
A) the amount is less than $500
B) all parties involved have agreed otherwise in writing
C) the broker has established a policy for holding the earnest money
D) the seller has requested that the money be deposited in his or her account.
CORRECT ANSWER
B) all parties involved have agreed otherwise in writing
RATIONALE
While earnest money is typically held in trust, Georgia law permits an exception when all parties
mutually agree in writing to an alternative arrangement, overriding the standard requirement. This
highlights the principle of contractual freedom and the ability of principals to dictate terms within
legal boundaries.
Page 2
, Q3 QUESTION 3 OF 139
A salesperson negotiated the sale of a house for a builder. Because the house had been on
the market for a long time, the builder offered to give the salesperson a television as a
bonus. Which of the following is true about this situation?
A) The salesperson can accept the bonus only if he notifies the purchaser.
B) The salesperson can accept the bonus only with the knowledge and consent of the broker
holding the license.
C) Because the value of the bonus is nominal, the salesperson can accept it without
notifying anyone.
D) The salesperson cannot accept the bonus under any circumstances because that would
be an unfair trade practice.
CORRECT ANSWER
B) The salesperson can accept the bonus only with the knowledge and consent of the broker
holding the license.
RATIONALE
Real estate salespeople are agents of their sponsoring broker, and any bonus or commission
related to a transaction must be disclosed to and approved by the broker to ensure transparency
and compliance with licensing laws. This principle underscores the fiduciary duty owed to the
broker and upholds professional standards by preventing undisclosed compensation.
Q4 QUESTION 4 OF 139
A broker learns that a neighbor might be selling their house and proceeds to secure
potential buyers without the knowledge and consent of the owner. Would the broker's
action be in violation of the license law?
A) No, this would be considered an open brokerage agreement
B) No, but he could not advertise the property
C) Yes, the broker is acting in dual capacity
D) Yes, this would be considered an unauthorized offering.
CORRECT ANSWER
D) Yes, this would be considered an unauthorized offering.
Page 3
, RATIONALE
Acting without the owner's explicit consent constitutes an unauthorized offering, violating license
law by misrepresenting authority and potentially breaching fiduciary duties. This scenario tests the
principle of requiring proper authorization before marketing a property.
Q5 QUESTION 5 OF 139
On Monday evening, after the brokerage office has closed, a salesperson receives an offer to
purchase and an earnest money deposit in the form of a personal check. On Wednesday, she
obtains the final acceptance on the offer. The earnest money check would MOST LIKELY be
turned over to her broker.
A) Monday
B) Tuesday
C) Wednesday
D) Thursday
CORRECT ANSWER
B) Tuesday
RATIONALE
Real estate regulations mandate that earnest money, received as a personal check, must be
deposited into a trust account by the next business day, which would be Tuesday. This practice
ensures the funds are secured and available for the transaction.
Q6 QUESTION 6 OF 139
Licensees must keep true and correct copies of all sales contracts, closing statements and
other documents related to real estate closings for a period of:
A) three years
B) three years and up to five years at the request of the Commission
C) five years
D) five years and up to 10 years at the request of the commission
CORRECT ANSWER
A) three years
Page 4
