Aceable Agent Level 26 Exam 2023 with correct answers

Broker Thelma lives in North Carolina. Can she be the qualifying broker for an LLC in Georgia? correct answersYes, a nonresident broker can serve as a qualifying broker for any corporation, limited liability company, or partnership licensed by GREC. A firm in Georgia sends out an email advertising its properties. It includes its name in the email, but it is not until you click on a link in the email that you learn the firm's telephone number. Is this a GREC violation? correct answersThis is not a violation. As long as disclosure of the firm's name and telephone number is no more than one click away from the email message, it is proper disclosure under GREC. Therefore, this is fine. An agent took listing cards with him when he transferred to a new company in Georgia. What should the broker at the old company do? correct answersrelease the agent's license and make a complaint to GREC If a transferring licensee takes things they aren't supposed to ( like listing cards), or otherwise violates he requirements for a transferring licensee, the former broker still must release their license. However, the former broker can also file a complaint with GREC Malika is a broker in GA. Recently. she moved. What is TRUE? correct answersMalika has 30 days from the move to report the change in address to GREC. A home is sold for $355,000. The buyer's agent is set to receive 2% of the price as commission. How much money will the buyer's agent receive? correct answers$7,100. To find the answer, we just need to figure out what 2% of $355,000 is. So, $355,000 x .02 = $7,100. Which of the following is NOT one of the conditions that must apply if a license holder is to be considered an independent contractor? correct answersThe license holder is required to complete training hours. If a license holder is to be considered an independent contractor, these conditions must apply: they must have a license, earnings are based on sales (not hours), and taxes are not withheld from earnings.