Barney Fletcher Review Chap 1-5 Exam with complete solutions

Barney Fletcher Review Chap 1-5 Exam with complete solutions Which of the following are appointed by the governor? a. Members of the Georgia Real Estate Commission. b. The Real Estate Commissioner. c. Real estate instructors. d. Georgia Real Estate Commission employees. - Ans ️️ a. Members of the Georgia Real Estate Commission. Bill knows that his neighbor Carol wants to sell her house. Bill's friend Sam tells Bill that he would like to buy a house in Bill's neighborhood. Bill introduces Sam and Carol. Sam ends up buying Carol's house. Bill is not licensed. Can Bill receive a referral fee for this? a. No, only licensed individuals can receive referral fees. b. Yes, Bill can receive a referral fee from Carol's broker. c. Yes, Bill can receive a referral fee from Sam. d. Yes, Bill can receive a referral fee from Carol. - Ans ️️ d. Yes, Bill can receive a referral fee from Carol. All employees of the commission must be unlicensed or inactive, but all commission members must be active real estate licensees. a. True. b. False. - Ans ️️ b. False. The Georgia Real Estate Commission can take each of the following actions, EXCEPT: a. Grant a real estate license to a person whose license had been revoked 10 years earlier. b. As a disciplinary action, revoke a person's brokers license and simultaneously issue that person a salespersons license. c. Act to resolve a commission dispute between two licensees. d. Issue a reprimand or censure to a licensee without a formal hearing. - Ans ️️ c. Act to resolve a commission dispute between two licensees. Two brokers have a dispute about a commission split. Which of the following could become involved in settling their dispute? - Ans ️️ Which of the following individuals must have a real estate license to conduct business in Georgia? a. An individual who locates tenants for the owner of a residential apartment complex. b. A referral agent who locates listings for real estate licensees. c. A person who sells real estate through auctions. d. All of these individuals. - Ans ️️ d. All of these individuals. If a court finds an individual guilty of illegally operating without a real estate license, the individual could be sentenced to jail tim