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
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