GA Real Estate Reciprocity – State Portion Only 2026 | Most
Tested Questions & Verified Answers | Latest Update | Graded
A+
1. If a real estate firm in Georgia fails to comply with state regulations, what
action might the Georgia Real Estate Commission take?
It may revoke the firm's license.
It has no authority to take action.
It will issue a warning without consequences.
It can only grant new licenses to other firms.
2. If a landlord in Georgia wishes to evict a tenant for non-payment of rent, what
steps must they take after filing the dispossessory affidavit?
Notify the tenant verbally about the eviction.
Serve the tenant with a copy of the affidavit and a summons.
File a complaint with the local housing authority.
Immediately change the locks on the rental property.
3. Which of the following may represent an exemption from Georgia fair
housing laws?
Darren owns five rental properties and leases them out himself.
Angie owns a four-plex. She lives in one unit and rents out the
others.
Wildwood Creek Resort Living, a 55+ community, stipulates that 50%
of its homes must be sold to buyers in which at least one person is
aged 55 or older.
Elias is a real estate licensee who's selling his own home.
,4. Describe the implications for tenants regarding the refund of security
deposits when their leased property is sold.
Tenants lose their right to the security deposits upon sale.
Tenants are responsible for managing the refund process.
Tenants are entitled to receive their security deposits back from the
seller, ensuring their rights are protected during the sale.
Tenants must negotiate with the new owner for their deposits.
5. Which of the following statements is true regarding real estate licensing
requirements?
A person assisting a friend in selling a home must have a real estate
license, even when no compensation is given.
A person must have a real estate license in order to research a
property that's for sale.
A person who receives a $50 gift certificate for performing real
estate activities on a friend's behalf must have a real estate license.
A person selling a home as 'for sale by owner' must have a real estate
license.
6. Describe how GAFLA impacts the behavior of lenders in Georgia.
GAFLA impacts lenders by imposing restrictions on lending
practices to prevent exploitation of borrowers.
GAFLA encourages lenders to offer more loans without restrictions.
GAFLA allows lenders to charge any interest rates they choose.
GAFLA has no effect on lending practices.
,7. If a real estate agent in Georgia refuses to show a property to a client based
on their familial status, which law are they violating?
The Georgia Real Estate License Law
The Georgia Landlord-Tenant Law
The Georgia Property Disclosure Law
The Georgia Fair Housing Law
8. Which is NOT a reason that a Commissioner will be automatically removed?
pleading guilty to a felony
moving from Kentucky
failing to maintain licensure as a broker
failing to appear at 2 consecutive meetings
9. The document which serves as the borrower's promise to pay and evidence
of the debt is called what?
Fed funds
Reserve requirement
Promissory note
Security instrument
10. Which real estate finance instrument in Georgia may include the pledging of
collateral and the release of that collateral in the same document?
Promissory note
Mortgage
Security deed
, Deed of trust
11. Describe the importance of conducting business in accordance with legal
regulations for real estate licensees.
Legal regulations are optional for licensees as long as they have client
consent.
Legal regulations only apply to transactions over a certain value.
Licensees can choose to ignore legal regulations if they are
experienced.
Conducting business in accordance with legal regulations ensures
compliance and protects both the licensee and clients.
12. Paying compensation to an unlicensed assistant for a referral of a buyer is
Permitted if the referral fee is $25 or less.
Not permitted under any circumstances.
Permitted if the sponsoring broker has a written employment
agreement with the unlicensed assistant.
Not permitted, unless the sponsoring broker has provided written
permission.
13. What is a common closing cost that sellers typically pay in Georgia real
estate transactions?
Title insurance
Home inspection fees
Real estate commission
Property taxes
Tested Questions & Verified Answers | Latest Update | Graded
A+
1. If a real estate firm in Georgia fails to comply with state regulations, what
action might the Georgia Real Estate Commission take?
It may revoke the firm's license.
It has no authority to take action.
It will issue a warning without consequences.
It can only grant new licenses to other firms.
2. If a landlord in Georgia wishes to evict a tenant for non-payment of rent, what
steps must they take after filing the dispossessory affidavit?
Notify the tenant verbally about the eviction.
Serve the tenant with a copy of the affidavit and a summons.
File a complaint with the local housing authority.
Immediately change the locks on the rental property.
3. Which of the following may represent an exemption from Georgia fair
housing laws?
Darren owns five rental properties and leases them out himself.
Angie owns a four-plex. She lives in one unit and rents out the
others.
Wildwood Creek Resort Living, a 55+ community, stipulates that 50%
of its homes must be sold to buyers in which at least one person is
aged 55 or older.
Elias is a real estate licensee who's selling his own home.
,4. Describe the implications for tenants regarding the refund of security
deposits when their leased property is sold.
Tenants lose their right to the security deposits upon sale.
Tenants are responsible for managing the refund process.
Tenants are entitled to receive their security deposits back from the
seller, ensuring their rights are protected during the sale.
Tenants must negotiate with the new owner for their deposits.
5. Which of the following statements is true regarding real estate licensing
requirements?
A person assisting a friend in selling a home must have a real estate
license, even when no compensation is given.
A person must have a real estate license in order to research a
property that's for sale.
A person who receives a $50 gift certificate for performing real
estate activities on a friend's behalf must have a real estate license.
A person selling a home as 'for sale by owner' must have a real estate
license.
6. Describe how GAFLA impacts the behavior of lenders in Georgia.
GAFLA impacts lenders by imposing restrictions on lending
practices to prevent exploitation of borrowers.
GAFLA encourages lenders to offer more loans without restrictions.
GAFLA allows lenders to charge any interest rates they choose.
GAFLA has no effect on lending practices.
,7. If a real estate agent in Georgia refuses to show a property to a client based
on their familial status, which law are they violating?
The Georgia Real Estate License Law
The Georgia Landlord-Tenant Law
The Georgia Property Disclosure Law
The Georgia Fair Housing Law
8. Which is NOT a reason that a Commissioner will be automatically removed?
pleading guilty to a felony
moving from Kentucky
failing to maintain licensure as a broker
failing to appear at 2 consecutive meetings
9. The document which serves as the borrower's promise to pay and evidence
of the debt is called what?
Fed funds
Reserve requirement
Promissory note
Security instrument
10. Which real estate finance instrument in Georgia may include the pledging of
collateral and the release of that collateral in the same document?
Promissory note
Mortgage
Security deed
, Deed of trust
11. Describe the importance of conducting business in accordance with legal
regulations for real estate licensees.
Legal regulations are optional for licensees as long as they have client
consent.
Legal regulations only apply to transactions over a certain value.
Licensees can choose to ignore legal regulations if they are
experienced.
Conducting business in accordance with legal regulations ensures
compliance and protects both the licensee and clients.
12. Paying compensation to an unlicensed assistant for a referral of a buyer is
Permitted if the referral fee is $25 or less.
Not permitted under any circumstances.
Permitted if the sponsoring broker has a written employment
agreement with the unlicensed assistant.
Not permitted, unless the sponsoring broker has provided written
permission.
13. What is a common closing cost that sellers typically pay in Georgia real
estate transactions?
Title insurance
Home inspection fees
Real estate commission
Property taxes
