DEVOTED AGENT CERTIFICATION
COMPREHENSIVE QUESTIONS AND
COMPLETE SOLUTIONS TEST PAPER
●● associate broker
Answer: a person who acts on behalf of a real estate broker in
performing any act authorized to be performed by a broker
●● broker does the following:
Answer: *negotiates or attempts to negotiate listing, sale, purchase,
exchange, renting, lease or option for any real estate
*acts as referral agent in real estate
*Collects rents, trust funds or assessments
*is employed on behalf of owners to sell real estate and given valuable
consideration
●● brokerage agreement
Answer: written contract where client promises to pay broker valuable
consideration to produce a seller, buyer, tenant, or a landlord ready, able
and willing to sell, buy, or rent property
●● commission
Answer: The GA real estate commission
,●● Community association
Answer: membership mandatory as an incident of ownership within the
development with a common management
●● Community association mgt svcs
Answer: Collect, control and disburse funds
Obtain insurance
Arrange and coordinate maintenance
Oversee day to day operations of association
●● Community association mgr
Answer: Acts on behalf of real estate broker to provide mgt svcs
●● Firm
Answer: any business entity
●● Licensee
Answer: any person licensed as a comm assoc mgr, salesperson, assoc
broker or broker
●● Real estate
,Answer: condos and leaseholds, as well as any other interest in estate or
land, includes mobile homes if affixed to land
●● Purpose of Ga real estate law
Answer: to protect the public; to protect real estate acts from unfair
competition and lay out standards for licensees to abide by
●● The administration of law falls under
Answer: The GA Real Estate Commission
●● 6 members of Commission, rules
Answer: *5 of 6 must be licensees who have had license min of 5 yrs
and state res min 5 yrs
*6th member must not have interest in real estate industry
*Terms of 5 yrs each
*Only one licensee can expire each yr
●● If a vacancy occurs on Commission
Answer: will be filled by governor
●● Reasons to remove a Commission member
Answer: *incompetence
*Dishonesty
, *Neglect of duties
*Inability to perform duties
●● Commission Chairperson
Answer: appointed by Commission members, must have served min 1 yr
on Commission
●● Commission duties
Answer: *attend meetings
*meet at least once per month
*Quorum of 4 members
●● Purpose of real estate license law and Commission
Answer: *To protect public from harmful acts by licensees
*To create a regulatory environment for real estate industry that allows
economic success
●● Responsibilities of Commission
Answer: *Develop spirit of cooperation and unity among members
*Evaluate staff operations
*Establish fair qualifying process
*Establish fair and unbiased hearing process
*Communicate with the industry and the public
COMPREHENSIVE QUESTIONS AND
COMPLETE SOLUTIONS TEST PAPER
●● associate broker
Answer: a person who acts on behalf of a real estate broker in
performing any act authorized to be performed by a broker
●● broker does the following:
Answer: *negotiates or attempts to negotiate listing, sale, purchase,
exchange, renting, lease or option for any real estate
*acts as referral agent in real estate
*Collects rents, trust funds or assessments
*is employed on behalf of owners to sell real estate and given valuable
consideration
●● brokerage agreement
Answer: written contract where client promises to pay broker valuable
consideration to produce a seller, buyer, tenant, or a landlord ready, able
and willing to sell, buy, or rent property
●● commission
Answer: The GA real estate commission
,●● Community association
Answer: membership mandatory as an incident of ownership within the
development with a common management
●● Community association mgt svcs
Answer: Collect, control and disburse funds
Obtain insurance
Arrange and coordinate maintenance
Oversee day to day operations of association
●● Community association mgr
Answer: Acts on behalf of real estate broker to provide mgt svcs
●● Firm
Answer: any business entity
●● Licensee
Answer: any person licensed as a comm assoc mgr, salesperson, assoc
broker or broker
●● Real estate
,Answer: condos and leaseholds, as well as any other interest in estate or
land, includes mobile homes if affixed to land
●● Purpose of Ga real estate law
Answer: to protect the public; to protect real estate acts from unfair
competition and lay out standards for licensees to abide by
●● The administration of law falls under
Answer: The GA Real Estate Commission
●● 6 members of Commission, rules
Answer: *5 of 6 must be licensees who have had license min of 5 yrs
and state res min 5 yrs
*6th member must not have interest in real estate industry
*Terms of 5 yrs each
*Only one licensee can expire each yr
●● If a vacancy occurs on Commission
Answer: will be filled by governor
●● Reasons to remove a Commission member
Answer: *incompetence
*Dishonesty
, *Neglect of duties
*Inability to perform duties
●● Commission Chairperson
Answer: appointed by Commission members, must have served min 1 yr
on Commission
●● Commission duties
Answer: *attend meetings
*meet at least once per month
*Quorum of 4 members
●● Purpose of real estate license law and Commission
Answer: *To protect public from harmful acts by licensees
*To create a regulatory environment for real estate industry that allows
economic success
●● Responsibilities of Commission
Answer: *Develop spirit of cooperation and unity among members
*Evaluate staff operations
*Establish fair qualifying process
*Establish fair and unbiased hearing process
*Communicate with the industry and the public
