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NSAR SALESPERSON LICENSING FINAL PAPER FULL QUESTIONS AND CORRECT ANSWERS REVIEW MATERIAL

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NSAR SALESPERSON LICENSING FINAL PAPER FULL QUESTIONS AND CORRECT ANSWERS REVIEW MATERIAL

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NSAR SALESPERSON LICENSING FINAL
PAPER FULL QUESTIONS AND CORRECT
ANSWERS REVIEW MATERIAL

●● What does an investor do?
Answer: Funds developments and profits when properties sell


●● When is a license required for property management?
Answer: When managing property for more than one owner


●● Can a salesperson work independently?
Answer: No, they must work under a broker


●● What are a broker's responsibilities?
Answer: Supervise licensees and provide brokerage services


●● Is a Georgia license required for home inspectors?
Answer: No


●● What does an appraiser do?
Answer: Estimates property value

, ●● What can attorneys do that licensees cannot?
Answer: Give legal advice and perform legal services


●● What are examples of residential property?
Answer: Single-family homes, condos, apartments, multifamily


●● What are examples of commercial property?
Answer: Office, retail, industrial


●● What are examples of leisure property?
Answer: Hotels, resorts, golf courses


●● What are examples of medical property?
Answer: Hospitals, doctor offices, urgent care


●● What are examples of retail property?
Answer: Strip malls and shopping centers


●● What are examples of specialty property?
Answer: Mixed-use, agricultural, transit-oriented

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