AR1120 GA MLS CRAM COURSE REAL ESTATE
EXAM QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ 2024-2025
A licensee must give all earnest money received (cash, checks or items of value) to his/her broker
as soon as practicably possible
In Georgia, when a salesperson receives an offer and an earnest money deposit from a prospective
buyer, the law requires the salesperson to
turn over the earnest money to the broker holding the salesperson's licensee as soon after receipt as
soon as practicably possible
A real estate salesperson moves to another residence. While in the process of changing the address, one
of the agents current listings expires. In these circumstances, laws and rules would require the sales
person to
notify the Commission in writing within 30 days of the change in residence, and remove the for sale
sign from the expired listing within 10 days
Fees collected by the Real Estate Commission are held
in the General Fund of the state treasury
Fees authorized under the Georgia real estate license law are established and collected by the
Real Estate Commission
Before an applicant can take the broker's real estate examination they must provide evidence of
completion of 60 instructional hours in a broker's course of study and have been
,actively licensed at least 3 of the 5 years immediately preceding such examination
An applicant for a salesperson's license in Georgia must
be a high school graduate or the holder of a certificate of equivalency
What is the maximum period of time a licensee can put their license on inactive status?
Indefinitely, as long as renewal fees are paid
A salesperson has enrolled in a 25hr approved course 2 weeks prior to the one year issuance of their
original license. Due to a medical emergency the license lapses. Can the licensee reinstate the lapsed
license?
Yes, they may reinstate the license by completing the course within six months of the lapsing of the
license
Upon being issued an original salesperson's license, each salesperson shall be required to furnish to the
Commission, within 1 year of the issuance of a license, evidence of satisfactory completion of a course of
study approved by the Commission. Which of the following courses would meet this requirement?
A 30-hour course
Which of the following persons exhibit one of the requirements necessary for an applicant to qualify for
a salespersons license?
The applicant holds a certificate of equivalency
In order to qualify for a broker or associate broker's license, an applicant must
have attained the age of 21 years and have served actively for at least three of the five years
immediately preceding application
,The original license of a salesperson shall be delivered or mailed to
the real estate broker for whom the licensee is acting and shall be kept in the custody of such broker
Unless renewal fees are paid before the renewal date, a licensee's individual licensee will expire
on the last day of the month of the licensee's birthday
A licensee who seeks to activate a license which has been on inactive status for a period of 3 1/2 years
shall be required to complete Commission approved courses of at least
36 hours prior to activating
In order to qualify for a Community Association Manager's license, an applicant must complete an
approved course of study of at least
25hrs
An applicant for licensure with a criminal conviction shall be required to disclose the conviction to the
Georgia Real Estate Commission when
making application for licensure
An original applicant for a salesperson's license, or a licensee seeking to renew a license, who has been
convicted of a crime must
disclose this conviction to the Georgia Real Estate Commission
The Georgia Real Estate Commission may establish reasonable fees for licensees. Which of the following
statements concerning these is correct?
, All fees collected shall be deposited by the Commission into the state treasury
Any person who has taken the salesperson or broker licensing examination and successfully passed the
examination must activate their license by making application within what period of time or must retake
the examination?
12 months
The license of any salesperson who fails to satisfactorily complete a post license course in a timely
manner will
lapse
In Georgia, an inactive license is valid
indefinitely, provided renewal fees are paid
Except those licensees actively licensed on or before January 1, 1980, effective July 1, 2015 each
applicant for the renewal of an active real estate license must furnish to the Commission before
renewing a license evidence of satisfactorily completing a course of courses approved by the
Commission. The length of the course or courses taken to meet this requirement must total at least
36hrs
During each renewal period a real estate licensee shall satisfactorily complete a continuing education
course of at least
3 hours on the topic of license law
A broker is paid a commission at closing by the principal and refuses to pay the salesperson their portion
of the commission as agreed upon in their written affiliation agreement. If the salesperson does not
believe the broker is meeting the terms of the agreement, his/her recourse is to:
go to the courts or other arbitrating bodies
EXAM QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ 2024-2025
A licensee must give all earnest money received (cash, checks or items of value) to his/her broker
as soon as practicably possible
In Georgia, when a salesperson receives an offer and an earnest money deposit from a prospective
buyer, the law requires the salesperson to
turn over the earnest money to the broker holding the salesperson's licensee as soon after receipt as
soon as practicably possible
A real estate salesperson moves to another residence. While in the process of changing the address, one
of the agents current listings expires. In these circumstances, laws and rules would require the sales
person to
notify the Commission in writing within 30 days of the change in residence, and remove the for sale
sign from the expired listing within 10 days
Fees collected by the Real Estate Commission are held
in the General Fund of the state treasury
Fees authorized under the Georgia real estate license law are established and collected by the
Real Estate Commission
Before an applicant can take the broker's real estate examination they must provide evidence of
completion of 60 instructional hours in a broker's course of study and have been
,actively licensed at least 3 of the 5 years immediately preceding such examination
An applicant for a salesperson's license in Georgia must
be a high school graduate or the holder of a certificate of equivalency
What is the maximum period of time a licensee can put their license on inactive status?
Indefinitely, as long as renewal fees are paid
A salesperson has enrolled in a 25hr approved course 2 weeks prior to the one year issuance of their
original license. Due to a medical emergency the license lapses. Can the licensee reinstate the lapsed
license?
Yes, they may reinstate the license by completing the course within six months of the lapsing of the
license
Upon being issued an original salesperson's license, each salesperson shall be required to furnish to the
Commission, within 1 year of the issuance of a license, evidence of satisfactory completion of a course of
study approved by the Commission. Which of the following courses would meet this requirement?
A 30-hour course
Which of the following persons exhibit one of the requirements necessary for an applicant to qualify for
a salespersons license?
The applicant holds a certificate of equivalency
In order to qualify for a broker or associate broker's license, an applicant must
have attained the age of 21 years and have served actively for at least three of the five years
immediately preceding application
,The original license of a salesperson shall be delivered or mailed to
the real estate broker for whom the licensee is acting and shall be kept in the custody of such broker
Unless renewal fees are paid before the renewal date, a licensee's individual licensee will expire
on the last day of the month of the licensee's birthday
A licensee who seeks to activate a license which has been on inactive status for a period of 3 1/2 years
shall be required to complete Commission approved courses of at least
36 hours prior to activating
In order to qualify for a Community Association Manager's license, an applicant must complete an
approved course of study of at least
25hrs
An applicant for licensure with a criminal conviction shall be required to disclose the conviction to the
Georgia Real Estate Commission when
making application for licensure
An original applicant for a salesperson's license, or a licensee seeking to renew a license, who has been
convicted of a crime must
disclose this conviction to the Georgia Real Estate Commission
The Georgia Real Estate Commission may establish reasonable fees for licensees. Which of the following
statements concerning these is correct?
, All fees collected shall be deposited by the Commission into the state treasury
Any person who has taken the salesperson or broker licensing examination and successfully passed the
examination must activate their license by making application within what period of time or must retake
the examination?
12 months
The license of any salesperson who fails to satisfactorily complete a post license course in a timely
manner will
lapse
In Georgia, an inactive license is valid
indefinitely, provided renewal fees are paid
Except those licensees actively licensed on or before January 1, 1980, effective July 1, 2015 each
applicant for the renewal of an active real estate license must furnish to the Commission before
renewing a license evidence of satisfactorily completing a course of courses approved by the
Commission. The length of the course or courses taken to meet this requirement must total at least
36hrs
During each renewal period a real estate licensee shall satisfactorily complete a continuing education
course of at least
3 hours on the topic of license law
A broker is paid a commission at closing by the principal and refuses to pay the salesperson their portion
of the commission as agreed upon in their written affiliation agreement. If the salesperson does not
believe the broker is meeting the terms of the agreement, his/her recourse is to:
go to the courts or other arbitrating bodies
