CE Shop Unit Exam Prep 2026/2027 – Key
Concepts, Practice Questions & Solutions
Seller is the client
buyer is the customer
in this type of single agent relationship - correct answer-As a seller's agent, you
have a relationship with both the seller and the buyer, but in what capacity?
General - correct answer-Which type of partner shares full personal liability for
the partnership's debts and obligations?
An exception to the real estate licensing requirement - correct answer-A person
performing real estate activities under the judgment or order of a court, such as a
trustee in a bankruptcy, is ______.
No, you're inactive. - correct answer-Let's say you're a Georgia real estate
licensee, and you miss your renewal deadline. Can you practice real estate?
,Partnership - correct answer-Which type of legal structure may be either general
or limited in type?
Corporation
A corporation is a legal entity. Most likely, this is a close corporation. - correct
answer-Mike and Ike set up a real estate company. Mike, Ike, and Spike each own
a portion of the stock. Mike & Ike Realty is a legal entity of its own. Mike is
involved in a ______.
General C corporation
A C corporation usually has centralized management where elected officers
govern company affairs, while the designated licensed broker is directly
responsible for the real estate transactions. - correct answer-In this type of
corporation, a centralized management group of elected officers governs the
company's affairs, while the designated licensed broker is directly responsible for
the real estate transactions.
Jessie is searching for a new home for a friend moving into town, who will
compensate her 2% of the sale price for her time and effort. - correct answer-In
which of these scenarios would the consumer need a real estate license?
While associated with and supervised by a broker - correct answer-A salesperson
or associate broker may perform real estate brokerage activities under what
circumstances?
Yes. He must have at least three years' experience as a Georgia salesperson
before he qualifies to take the broker's exam. - correct answer-John is 18, and he
,wants to be a real estate broker in Georgia. If he completes 135 hours of required
real estate licensing coursework—75 in pre-licensing and 60 for the broker
license—is there anything that might prevent him from taking the broker's license
exam?
Take the state portion of the Georgia licensing exam - correct answer-A licensee
from Florida is seeking a non-resident license in Georgia. What does the
commission require of this applicant?
A non-resident license - correct answer-Jack is a licensee who lives in Alabama. If
he wants to provide real estate services in Georgia, what must he obtain?
None - correct answer-Jim would like to sell his own home. What is the minimum
real estate license he must possess?
Florida
A resident licensee from Florida will be required to take the state portion of the
licensing exam when seeking a non-resident license in Georgia. - correct answer-A
licensee from which neighboring state is required to take the state portion of the
licensing exam in order to obtain a non-resident license in Georgia?
72% - correct answer-In order to successfully pass the licensing exam, a
salesperson applicant needs a minimum score of ______.
A person or an entity
A broker's license can be held by a person or an entity, such as a corporation or
partnership. - correct answer-Which of the following can hold a broker's license?
, Inform his broker and stop practicing real estate.
Only licensees who hold an active license may practice real estate. - correct
answer-Chip, a real estate licensee, just noticed that he missed his renewal
deadline, and he's in the middle of a real estate transaction. In fact, his clients
close in three days. What can he do?
Enter into a written agreement with a Georgia broker
Jacob must have a written agreement in place with a Georgia broker before he
can be involved in a real estate transaction. - correct answer-Jacob, a broker and
Tennessee resident, would like to do business in Georgia, but doesn't want to
obtain a non-resident license. What's another option for him?
Broker - correct answer-Consuela is a real estate licensee, and she has three
other licensees working under her supervision. What type of license does
Consuela hold?
He can search real estate sites and resources to find available homes in the area. -
correct answer-Tom is an unlicensed individual helping his sister, Katie, find a
new house, in return for a trip to Europe. Which of the following activities can
Tom legally perform?
Doesn't need a real estate license
Remember that compensation is one factor in the requirement for licensure. -
correct answer-Amanda helps her neighbor sell his home by assisting with
Concepts, Practice Questions & Solutions
Seller is the client
buyer is the customer
in this type of single agent relationship - correct answer-As a seller's agent, you
have a relationship with both the seller and the buyer, but in what capacity?
General - correct answer-Which type of partner shares full personal liability for
the partnership's debts and obligations?
An exception to the real estate licensing requirement - correct answer-A person
performing real estate activities under the judgment or order of a court, such as a
trustee in a bankruptcy, is ______.
No, you're inactive. - correct answer-Let's say you're a Georgia real estate
licensee, and you miss your renewal deadline. Can you practice real estate?
,Partnership - correct answer-Which type of legal structure may be either general
or limited in type?
Corporation
A corporation is a legal entity. Most likely, this is a close corporation. - correct
answer-Mike and Ike set up a real estate company. Mike, Ike, and Spike each own
a portion of the stock. Mike & Ike Realty is a legal entity of its own. Mike is
involved in a ______.
General C corporation
A C corporation usually has centralized management where elected officers
govern company affairs, while the designated licensed broker is directly
responsible for the real estate transactions. - correct answer-In this type of
corporation, a centralized management group of elected officers governs the
company's affairs, while the designated licensed broker is directly responsible for
the real estate transactions.
Jessie is searching for a new home for a friend moving into town, who will
compensate her 2% of the sale price for her time and effort. - correct answer-In
which of these scenarios would the consumer need a real estate license?
While associated with and supervised by a broker - correct answer-A salesperson
or associate broker may perform real estate brokerage activities under what
circumstances?
Yes. He must have at least three years' experience as a Georgia salesperson
before he qualifies to take the broker's exam. - correct answer-John is 18, and he
,wants to be a real estate broker in Georgia. If he completes 135 hours of required
real estate licensing coursework—75 in pre-licensing and 60 for the broker
license—is there anything that might prevent him from taking the broker's license
exam?
Take the state portion of the Georgia licensing exam - correct answer-A licensee
from Florida is seeking a non-resident license in Georgia. What does the
commission require of this applicant?
A non-resident license - correct answer-Jack is a licensee who lives in Alabama. If
he wants to provide real estate services in Georgia, what must he obtain?
None - correct answer-Jim would like to sell his own home. What is the minimum
real estate license he must possess?
Florida
A resident licensee from Florida will be required to take the state portion of the
licensing exam when seeking a non-resident license in Georgia. - correct answer-A
licensee from which neighboring state is required to take the state portion of the
licensing exam in order to obtain a non-resident license in Georgia?
72% - correct answer-In order to successfully pass the licensing exam, a
salesperson applicant needs a minimum score of ______.
A person or an entity
A broker's license can be held by a person or an entity, such as a corporation or
partnership. - correct answer-Which of the following can hold a broker's license?
, Inform his broker and stop practicing real estate.
Only licensees who hold an active license may practice real estate. - correct
answer-Chip, a real estate licensee, just noticed that he missed his renewal
deadline, and he's in the middle of a real estate transaction. In fact, his clients
close in three days. What can he do?
Enter into a written agreement with a Georgia broker
Jacob must have a written agreement in place with a Georgia broker before he
can be involved in a real estate transaction. - correct answer-Jacob, a broker and
Tennessee resident, would like to do business in Georgia, but doesn't want to
obtain a non-resident license. What's another option for him?
Broker - correct answer-Consuela is a real estate licensee, and she has three
other licensees working under her supervision. What type of license does
Consuela hold?
He can search real estate sites and resources to find available homes in the area. -
correct answer-Tom is an unlicensed individual helping his sister, Katie, find a
new house, in return for a trip to Europe. Which of the following activities can
Tom legally perform?
Doesn't need a real estate license
Remember that compensation is one factor in the requirement for licensure. -
correct answer-Amanda helps her neighbor sell his home by assisting with
