Georgia Real Estate Salesperson
Examination Questions And Correct
Answers (Verified Answers) Plus
Rationale 2026 Q&A| Instant Download
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1. Which of the following is required to obtain a real estate salesperson license in Georgia?
A. Must be at least 18 years old, have a high school diploma or equivalent, and complete the
required pre-licensing course
B. Must be at least 21 years old and hold a college degree
C. Must be at least 18 years old and have two years of prior real estate experience
D. Must complete only the state exam without any coursework
Answer: A
Rationale: Georgia law requires applicants to be at least 18 years old, have a high school
diploma or equivalent, and complete the 75-hour pre-licensing course to qualify for the
salesperson license.
2. A real estate licensee owes fiduciary duties to which party?
A. The lender
B. The principal/client
C. The buyer only
D. The general public
Answer: B
Rationale: A licensee’s fiduciary duties—loyalty, obedience, disclosure, confidentiality,
accounting, and reasonable care—are owed to the principal, who is the client.
3. In Georgia, a broker may hold earnest money deposits in which account?
A. The broker’s personal account
B. An interest-bearing account unless agreed otherwise
C. Only a non-interest-bearing escrow or trust account
D. Either B or C, depending on the agreement
,Answer: D
Rationale: Georgia brokers must place earnest money in a trust or escrow account. The
account may be interest-bearing if disclosed and agreed to by the parties.
4. Which of the following best defines "market value"?
A. The exact price a property was listed for
B. The price agreed upon by a willing buyer and seller in an open market
C. The assessed tax value of a property
D. The replacement cost of the property
Answer: B
Rationale: Market value is the price a property would likely sell for under normal conditions,
between a willing buyer and seller, with neither under duress.
5. A listing agreement that automatically renews without a set expiration date is known as:
A. Open listing
B. Exclusive right-to-sell listing
C. Net listing
D. Automatic listing
Answer: B
Rationale: An exclusive right-to-sell listing gives the broker the exclusive right to market the
property and typically has a set term. Automatic renewal without a set date is discouraged
under Georgia law.
6. A seller instructs their agent not to show the property to a certain ethnic group. The
agent should:
A. Follow the seller’s instructions
B. Refuse to discriminate and comply with fair housing laws
C. Show the property selectively
D. Only advertise to the preferred group
Answer: B
Rationale: Fair Housing laws prohibit discrimination based on race, color, religion, sex,
national origin, familial status, or disability. Licensees cannot follow discriminatory
instructions.
7. Which of the following best describes a dual agency situation?
A. One agent representing both the buyer and the seller with written consent
B. Two agents from the same firm representing one party each
C. A broker listing and buying a property personally
D. An agent referring a client to another agent
Answer: A
Rationale: Dual agency occurs when a single licensee or firm represents both the buyer and
seller in the same transaction, with full disclosure and consent.
, 8. In Georgia, how long is a real estate license typically valid before renewal?
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Answer: B
Rationale: Georgia real estate licenses are issued for a two-year period, after which
continuing education is required for renewal.
9. The type of listing that allows the owner to sell on their own without paying a
commission is:
A. Exclusive right-to-sell
B. Open listing
C. Net listing
D. Exclusive agency listing
Answer: B
Rationale: An open listing allows multiple brokers to attempt a sale, and the owner can sell
independently without owing a commission.
10. Which of the following statements about a CMA (Comparative Market Analysis) is
correct?
A. It establishes the legal market value of a property
B. It provides an estimate of value based on comparable sales
C. It is the same as a formal appraisal
D. It sets the final listing price
Answer: B
Rationale: A CMA is an informal analysis used to estimate a property’s value based on
comparable sales, but it is not a formal appraisal.
11. Which action is required when a Georgia licensee receives an earnest money deposit?
A. Deposit it in the broker’s personal account
B. Deposit it immediately in an escrow or trust account
C. Hold it until the buyer or seller requests it
D. Give it directly to the seller
Answer: B
Rationale: Georgia law requires brokers to deposit earnest money promptly into a trust or
escrow account.
12. A property is sold “as is.” This means:
A. The seller guarantees all appliances
B. The buyer accepts the property with all defects
Examination Questions And Correct
Answers (Verified Answers) Plus
Rationale 2026 Q&A| Instant Download
1. Which of the following is required to obtain a real estate salesperson license in Georgia?
A. Must be at least 18 years old, have a high school diploma or equivalent, and complete the
required pre-licensing course
B. Must be at least 21 years old and hold a college degree
C. Must be at least 18 years old and have two years of prior real estate experience
D. Must complete only the state exam without any coursework
Answer: A
Rationale: Georgia law requires applicants to be at least 18 years old, have a high school
diploma or equivalent, and complete the 75-hour pre-licensing course to qualify for the
salesperson license.
2. A real estate licensee owes fiduciary duties to which party?
A. The lender
B. The principal/client
C. The buyer only
D. The general public
Answer: B
Rationale: A licensee’s fiduciary duties—loyalty, obedience, disclosure, confidentiality,
accounting, and reasonable care—are owed to the principal, who is the client.
3. In Georgia, a broker may hold earnest money deposits in which account?
A. The broker’s personal account
B. An interest-bearing account unless agreed otherwise
C. Only a non-interest-bearing escrow or trust account
D. Either B or C, depending on the agreement
,Answer: D
Rationale: Georgia brokers must place earnest money in a trust or escrow account. The
account may be interest-bearing if disclosed and agreed to by the parties.
4. Which of the following best defines "market value"?
A. The exact price a property was listed for
B. The price agreed upon by a willing buyer and seller in an open market
C. The assessed tax value of a property
D. The replacement cost of the property
Answer: B
Rationale: Market value is the price a property would likely sell for under normal conditions,
between a willing buyer and seller, with neither under duress.
5. A listing agreement that automatically renews without a set expiration date is known as:
A. Open listing
B. Exclusive right-to-sell listing
C. Net listing
D. Automatic listing
Answer: B
Rationale: An exclusive right-to-sell listing gives the broker the exclusive right to market the
property and typically has a set term. Automatic renewal without a set date is discouraged
under Georgia law.
6. A seller instructs their agent not to show the property to a certain ethnic group. The
agent should:
A. Follow the seller’s instructions
B. Refuse to discriminate and comply with fair housing laws
C. Show the property selectively
D. Only advertise to the preferred group
Answer: B
Rationale: Fair Housing laws prohibit discrimination based on race, color, religion, sex,
national origin, familial status, or disability. Licensees cannot follow discriminatory
instructions.
7. Which of the following best describes a dual agency situation?
A. One agent representing both the buyer and the seller with written consent
B. Two agents from the same firm representing one party each
C. A broker listing and buying a property personally
D. An agent referring a client to another agent
Answer: A
Rationale: Dual agency occurs when a single licensee or firm represents both the buyer and
seller in the same transaction, with full disclosure and consent.
, 8. In Georgia, how long is a real estate license typically valid before renewal?
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Answer: B
Rationale: Georgia real estate licenses are issued for a two-year period, after which
continuing education is required for renewal.
9. The type of listing that allows the owner to sell on their own without paying a
commission is:
A. Exclusive right-to-sell
B. Open listing
C. Net listing
D. Exclusive agency listing
Answer: B
Rationale: An open listing allows multiple brokers to attempt a sale, and the owner can sell
independently without owing a commission.
10. Which of the following statements about a CMA (Comparative Market Analysis) is
correct?
A. It establishes the legal market value of a property
B. It provides an estimate of value based on comparable sales
C. It is the same as a formal appraisal
D. It sets the final listing price
Answer: B
Rationale: A CMA is an informal analysis used to estimate a property’s value based on
comparable sales, but it is not a formal appraisal.
11. Which action is required when a Georgia licensee receives an earnest money deposit?
A. Deposit it in the broker’s personal account
B. Deposit it immediately in an escrow or trust account
C. Hold it until the buyer or seller requests it
D. Give it directly to the seller
Answer: B
Rationale: Georgia law requires brokers to deposit earnest money promptly into a trust or
escrow account.
12. A property is sold “as is.” This means:
A. The seller guarantees all appliances
B. The buyer accepts the property with all defects
