Real Estate Exam Georgia Exam Review Questions And Answers, Graded A+/ Verified.| Latest Update 2024/25|

REAL ESTATE EXAM GEORGIA EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. One of the significant differences between an employee and an independent contractor is that - -an employee must be covered by workman's compensation Besides the seller, who may sign a real estate listing agreement - -The broker or any salesperson with the broker's written permission This is required to be included in an exclusive agency listing agreement? - -The signature of the seller and a definite date of expiration The following will NOT automatically terminate a listing agreement - -The death of the salesperson If a real estate commission has been earned but the seller refuses to pay the commission due at closing, the proper parties in any lawsuit for the unpaid commission are - -The listing broker against the seller The price for a property stated in the listing agreement is usually set by - -The seller with the advice of the broker Price fixing between brokers is a violation of federal anti-trust laws. If your broker fixes prices with another broker may - -be found guilty of a criminal offense, civilly liable to injured persons, and face disciplinary by the Real Estate Commissions As a salesperson, your broker will compensate you for your sales according to - -a written contract between you and your broker The salesperson should prepare financing data sheet for each listing. The best way to obtain the loan amount, interest rate and monthly payment amount information for the existing mortgage is - -to send a written request signed by the seller to the mortgage lender's office if the sellers are involved in divorced proceedings what additional item should appear in the listing agreement - -A clause indicating that any sale is contingent upon final court decree authorizing the sale When a salesperson has a question while preparing a sales contract the salesperson should consult the - -Salesperson's broker When should a salesperson prepare a complex sales contract without using preprinted contract form - -Never, since to do so would be practicing la