Page 1 of 100
GEORGIA REAL ESTATE SALESPERSON EXAM
– COMPREHENSIVE PRACTICE ASSESSMENT |
2026/2027 EDITION | VERIFIED QUESTIONS
WITH DETAILED ANSWERS AND RATIONALES |
BRAND NEW!
1. A licensee is preparing a comparative market analysis for a seller
client. The subject property has three bedrooms, two bathrooms, and a
two-car garage. A comparable property sold three months ago for
$285,000 with four bedrooms, two bathrooms, and a two-car garage.
The appraiser determines that the extra bedroom contributes $15,000
in value. What is the adjusted sale price of the comparable property?
A) $270,000
B) $285,000
C) $300,000
D) $315,000
Expert Explanation: The adjustment is made to the comparable property
to make it more similar to the subject. Since the comparable has an
extra bedroom (a feature the subject lacks), the comparable's value is
reduced by $15,000. Therefore, $285,000 − $15,000 = $270,000. The
adjusted value reflects what the comparable would have sold for if it
,Page 2 of 100
had only three bedrooms, making it a better indicator of the subject
property's value.
2. A broker is reviewing a sales contract where the buyer has agreed to
purchase a property for $350,000 with a 20% down payment. The
lender requires a loan-to-value ratio of 80%. The buyer's earnest money
deposit is $5,000. What is the total amount of funds the buyer must
bring to closing, excluding closing costs and prepaid items?
A) $65,000
B) $70,000
C) $65,000
D) $75,000
Expert Explanation: The down payment is 20% of $350,000 = $70,000.
The buyer has already deposited $5,000 in earnest money, which will be
credited at closing. Therefore, the additional funds needed are $70,000
− $5,000 = $65,000. This question tests understanding of how earnest
money reduces the cash needed at closing.
3. A Georgia licensee is working with a buyer who wants to purchase a
home in a neighborhood with restrictive covenants that prohibit fences
and outbuildings. The buyer asks the licensee whether these
restrictions are enforceable. What is the most accurate response?
A) Restrictive covenants are automatically unenforceable in Georgia
because they violate public policy.
B) Restrictive covenants are generally enforceable if they are
reasonable, properly recorded, and do not discriminate.
,Page 3 of 100
C) Restrictive covenants are only enforceable if the original developer
still owns property in the subdivision.
D) Restrictive covenants are enforceable only if the buyer signs a
separate agreement acknowledging them.
Expert Explanation: Restrictive covenants are private land-use controls
that run with the land and are generally enforceable if they meet certain
criteria: they must be reasonable, properly recorded in the chain of title,
and non-discriminatory. Georgia courts enforce covenants that serve a
legitimate purpose and are clearly stated. The original developer's
ownership is not required for enforcement.
4. A licensee is representing a seller in a transaction. During the listing
period, the licensee learns that the seller is planning to file for
bankruptcy. The buyer's agent asks the licensee directly whether the
seller has any financial difficulties. How should the licensee respond?
A) Disclose the bankruptcy plan immediately because it is a material
fact.
B) Decline to answer and explain that this information is confidential
and not material to the physical condition of the property.
C) Tell the buyer's agent to ask the seller directly.
D) Disclose the information only if the buyer makes a written offer.
Expert Explanation: Under BRRETA, a licensee owes confidentiality to
the client. The seller's financial difficulties are not material to the
physical condition of the property and do not affect the buyer's ability to
purchase. The licensee should protect the client's confidential
, Page 4 of 100
information and may explain that such personal financial matters are
not disclosable.
5. A Georgia salesperson is working with a buyer who is relocating from
another state. The buyer signs a buyer brokerage engagement with the
salesperson's broker. After viewing several homes, the buyer decides to
purchase a property that is listed by the same brokerage firm. The
salesperson's broker is now acting as a dual agent. What disclosures are
required?
A) No additional disclosures are required because the buyer signed a
brokerage engagement.
B) The broker must obtain written consent from both the buyer and
the seller before acting as a dual agent.
C) The broker must assign a different agent to the buyer to avoid dual
agency.
D) The broker must terminate the buyer brokerage engagement and
refer the buyer to another firm.
Expert Explanation: Under BRRETA, dual agency occurs when the same
broker represents both the buyer and the seller in the same transaction.
The broker must obtain written informed consent from both parties
before proceeding as a dual agent. Without this consent, the broker
cannot represent both parties.
6. A broker's trust account has a balance of $25,000 in earnest money
deposits from three different transactions. The broker uses $2,000 from
the trust account to pay for office supplies because the company's
operating account is temporarily overdrawn. The broker intends to
repay the funds within 30 days. This action constitutes:
GEORGIA REAL ESTATE SALESPERSON EXAM
– COMPREHENSIVE PRACTICE ASSESSMENT |
2026/2027 EDITION | VERIFIED QUESTIONS
WITH DETAILED ANSWERS AND RATIONALES |
BRAND NEW!
1. A licensee is preparing a comparative market analysis for a seller
client. The subject property has three bedrooms, two bathrooms, and a
two-car garage. A comparable property sold three months ago for
$285,000 with four bedrooms, two bathrooms, and a two-car garage.
The appraiser determines that the extra bedroom contributes $15,000
in value. What is the adjusted sale price of the comparable property?
A) $270,000
B) $285,000
C) $300,000
D) $315,000
Expert Explanation: The adjustment is made to the comparable property
to make it more similar to the subject. Since the comparable has an
extra bedroom (a feature the subject lacks), the comparable's value is
reduced by $15,000. Therefore, $285,000 − $15,000 = $270,000. The
adjusted value reflects what the comparable would have sold for if it
,Page 2 of 100
had only three bedrooms, making it a better indicator of the subject
property's value.
2. A broker is reviewing a sales contract where the buyer has agreed to
purchase a property for $350,000 with a 20% down payment. The
lender requires a loan-to-value ratio of 80%. The buyer's earnest money
deposit is $5,000. What is the total amount of funds the buyer must
bring to closing, excluding closing costs and prepaid items?
A) $65,000
B) $70,000
C) $65,000
D) $75,000
Expert Explanation: The down payment is 20% of $350,000 = $70,000.
The buyer has already deposited $5,000 in earnest money, which will be
credited at closing. Therefore, the additional funds needed are $70,000
− $5,000 = $65,000. This question tests understanding of how earnest
money reduces the cash needed at closing.
3. A Georgia licensee is working with a buyer who wants to purchase a
home in a neighborhood with restrictive covenants that prohibit fences
and outbuildings. The buyer asks the licensee whether these
restrictions are enforceable. What is the most accurate response?
A) Restrictive covenants are automatically unenforceable in Georgia
because they violate public policy.
B) Restrictive covenants are generally enforceable if they are
reasonable, properly recorded, and do not discriminate.
,Page 3 of 100
C) Restrictive covenants are only enforceable if the original developer
still owns property in the subdivision.
D) Restrictive covenants are enforceable only if the buyer signs a
separate agreement acknowledging them.
Expert Explanation: Restrictive covenants are private land-use controls
that run with the land and are generally enforceable if they meet certain
criteria: they must be reasonable, properly recorded in the chain of title,
and non-discriminatory. Georgia courts enforce covenants that serve a
legitimate purpose and are clearly stated. The original developer's
ownership is not required for enforcement.
4. A licensee is representing a seller in a transaction. During the listing
period, the licensee learns that the seller is planning to file for
bankruptcy. The buyer's agent asks the licensee directly whether the
seller has any financial difficulties. How should the licensee respond?
A) Disclose the bankruptcy plan immediately because it is a material
fact.
B) Decline to answer and explain that this information is confidential
and not material to the physical condition of the property.
C) Tell the buyer's agent to ask the seller directly.
D) Disclose the information only if the buyer makes a written offer.
Expert Explanation: Under BRRETA, a licensee owes confidentiality to
the client. The seller's financial difficulties are not material to the
physical condition of the property and do not affect the buyer's ability to
purchase. The licensee should protect the client's confidential
, Page 4 of 100
information and may explain that such personal financial matters are
not disclosable.
5. A Georgia salesperson is working with a buyer who is relocating from
another state. The buyer signs a buyer brokerage engagement with the
salesperson's broker. After viewing several homes, the buyer decides to
purchase a property that is listed by the same brokerage firm. The
salesperson's broker is now acting as a dual agent. What disclosures are
required?
A) No additional disclosures are required because the buyer signed a
brokerage engagement.
B) The broker must obtain written consent from both the buyer and
the seller before acting as a dual agent.
C) The broker must assign a different agent to the buyer to avoid dual
agency.
D) The broker must terminate the buyer brokerage engagement and
refer the buyer to another firm.
Expert Explanation: Under BRRETA, dual agency occurs when the same
broker represents both the buyer and the seller in the same transaction.
The broker must obtain written informed consent from both parties
before proceeding as a dual agent. Without this consent, the broker
cannot represent both parties.
6. A broker's trust account has a balance of $25,000 in earnest money
deposits from three different transactions. The broker uses $2,000 from
the trust account to pay for office supplies because the company's
operating account is temporarily overdrawn. The broker intends to
repay the funds within 30 days. This action constitutes:
