GA REAL ESTATE – AGENCY EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED.| latest update 2024/25|

GA REAL ESTATE – AGENCY EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Licensee - -Anyone with a Real Estate license Inactive Licensees - -Not agents How does an agent remain inactive? - -By paying the renewal fee How does and agent activate their license? - -Taking 9 hours of continuing education for each year the license was inactive. Active licensee - -are all agents How many brokers are allowed per firm? - -One active (qualifying broker) how old does a broker have to be? - -21 and a resident of GA how long must an agent have a real estate license to become a broker? - -3 years what is required to become a broker? - -60 hour course and pass state exam name 6 broker responsibilities? - --responsible for firm and actions of all affiliates -give legal advice -review all affiliate trust accounts provide training -have policies and procedures manual make sure trust fund payments are promptly made -supervise all advertising within 30 days of writing -make sure all affiliates have a written employment agreement can never refuse to release an agent Associate Broker - -can perform all the services of a broker for consumers but works as an agent of another broker salesperson - -must be at least 18 years old, be a Georgia resident, have a high school diploma, be of good moral character, pass State exam, complete a 75 hour course how many hours of post license course must a salesperson take? - -25 hours in the first year of licensure how long does a salesperson have to apply for license? - -1 year. apply in three months or the fee doubles community association manager (CAM) - -manages homeowner associations. is not a license to list or sell real estate. must be 18 years old oh, Georgia resident, complete a 25 hour course. if an affiliate or associate goes to work full time for an unlicensed entity what must they do? - - surrender their license ( active or inactive) who can an affiliate seek legal advice - -bro