Post License Exam
An individual who performs real estate services is considered a broker if - CORRECT
ANSWER the services are performed for another and for a valuable consideration.
A person who collects rents is considered a broker if - CORRECT ANSWER the
person receives a fee or commission for doing so.
Which of the following duties is one that a broker might perform in his activities as a
broker? - CORRECT ANSWER Buy or offer to buy real estate
The Commission has the authority, under statutory law, to take disciplinary actions for
any violation of the license law. One of these actions might be a fine, for multiple
violations, of a maximum of: - CORRECT ANSWER $5,000
In order to act as a real estate broker for a client, a licensee must have - CORRECT
ANSWER written authority from the client.
Which of the following would NOT be considered a broker? - CORRECT ANSWER An
owner who arranges the sale of his own property.
The role of the Commission is to: - CORRECT ANSWER To protect the public from
harmful acts of licensees, and to create a regulatory environment for the real estate
industry.
In what year was the Georgia real estate law first passed? - CORRECT ANSWER
1925
A licensee who acts on behalf of a broker is a(n) - CORRECT ANSWER associate
broker.
If a Commission member becomes unable to perform the required duties, - CORRECT
ANSWER the Governor will appoint a replacement.
How often does the Real Estate Commission meet? - CORRECT ANSWER At least
once a month.
In the case of a revocation, the person is not allowed to apply for a new license for a
minimum of: - CORRECT ANSWER 10 years
Which of the following statements is TRUE concerning affiliation of a Georgia broker
with an out of state licensee? - CORRECT ANSWER The licensee may sell Georgia
real estate only on behalf of the Georgia broker.
Failure to complete the required post-license course results in - CORRECT ANSWER
Lapsed License
Under which of the following conditions may a Georgia broker share a real estate
commission with an out-of- state broker? - CORRECT ANSWER The out-of-state
broker is acting only as a referral
agent
Ted receives his Georgia real estate license on May 1. What is his deadline for
completing the required post-license course and submitting proof to the Commission? -
CORRECT ANSWER April 30 of the following year
To hold a Georgia license, a nonresident who is licensed in his or her state of residence
must - CORRECT ANSWER agree to abide by all laws, rules and regulations
governing brokerage activity in Georgia.
In the event that a salesperson does not complete the Post License course in a
satisfactory and timely manner, his license will: - CORRECT ANSWER Lapse
An individual who performs real estate services is considered a broker if - CORRECT
ANSWER the services are performed for another and for a valuable consideration.
A person who collects rents is considered a broker if - CORRECT ANSWER the
person receives a fee or commission for doing so.
Which of the following duties is one that a broker might perform in his activities as a
broker? - CORRECT ANSWER Buy or offer to buy real estate
The Commission has the authority, under statutory law, to take disciplinary actions for
any violation of the license law. One of these actions might be a fine, for multiple
violations, of a maximum of: - CORRECT ANSWER $5,000
In order to act as a real estate broker for a client, a licensee must have - CORRECT
ANSWER written authority from the client.
Which of the following would NOT be considered a broker? - CORRECT ANSWER An
owner who arranges the sale of his own property.
The role of the Commission is to: - CORRECT ANSWER To protect the public from
harmful acts of licensees, and to create a regulatory environment for the real estate
industry.
In what year was the Georgia real estate law first passed? - CORRECT ANSWER
1925
A licensee who acts on behalf of a broker is a(n) - CORRECT ANSWER associate
broker.
If a Commission member becomes unable to perform the required duties, - CORRECT
ANSWER the Governor will appoint a replacement.
How often does the Real Estate Commission meet? - CORRECT ANSWER At least
once a month.
In the case of a revocation, the person is not allowed to apply for a new license for a
minimum of: - CORRECT ANSWER 10 years
Which of the following statements is TRUE concerning affiliation of a Georgia broker
with an out of state licensee? - CORRECT ANSWER The licensee may sell Georgia
real estate only on behalf of the Georgia broker.
Failure to complete the required post-license course results in - CORRECT ANSWER
Lapsed License
Under which of the following conditions may a Georgia broker share a real estate
commission with an out-of- state broker? - CORRECT ANSWER The out-of-state
broker is acting only as a referral
agent
Ted receives his Georgia real estate license on May 1. What is his deadline for
completing the required post-license course and submitting proof to the Commission? -
CORRECT ANSWER April 30 of the following year
To hold a Georgia license, a nonresident who is licensed in his or her state of residence
must - CORRECT ANSWER agree to abide by all laws, rules and regulations
governing brokerage activity in Georgia.
In the event that a salesperson does not complete the Post License course in a
satisfactory and timely manner, his license will: - CORRECT ANSWER Lapse
