Colibri Real Estate (Real Estate Express) Final Exam Review

result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to one of her licensees. D) Jane paid a commission to a Florida licensee who is not licensed in Georgia for licensing activity in Georgia. -Any salesperson can legally receive her share of the commission on a sale from A) her employing broker only. B) any cooperating broker with whom she completes a sale. C) a builder she represents in a sale D) the purchaser of the home in a successful sale. -Which of the following is NOT a protected class under Georgia fair housing law? A) Sexual preference B) Familial status C) Religion D) Race -Syed is an inactive licensee. He just moved to a new home across town. What must he do? A) Call the Commission and give it his new address. B) Report the address change when he's ready to reactivate his license. C) Send a written notice to the Commission within 30 days. D) Notify the post office to send a change of address notice to the Commission -How many hours of continuing education must a licensee complete for each year of licensure? A) 8 hours B) 9 hours C) 5 hours D) 4 hours -Glenda is the office manager for a local real estate firm. She is responsible for coordinating the paperwork flow through the office, preparing ads and supervising the clerical staff. Glenda is A) required to have a salesperson's license. B) violating license law. C) required to have a broker license. D) exempt from the license law -Haru is working with his buyers to draw up a written offer on a property they want to purchase. Which of the following items is not required in the offer? A) The property description B) The mortgage lender C) The method of payment D) Special stipulations the offer requires -Keziah just bought and closed on a new home that cost $195,000. her mortgage amount is $165,500. how much is the intangible recording tax on Keziah’s property? A) $585 B) $195 C) $165.50 D) $496.50 *An intangible recording tax is due and payable on each instrument securing one or more long-term notes at the rate of $1.50 per each $500 $165,500 ÷ $500 = 331 331 x $1.50 = $496.50 -Salesperson Gordon refuse to accept an offer to purchase his home from buyer Juan Valdez of Columbia because Gordon feels the earnest money of $100 is not enough. Which of the following statements about Gordon's refusal is correct? A) Gordon is in violation of fair housing law because he discriminated on the basis of national origin. B) Since Gordon refused on the basis of the earnest money, he is not in violation of fair housing law. C) Gordon is in violation of civil rights law because he dissed -Jada is a community association manager. Which of the following would be one of her duties? A) Advising an owner about his legal liability for a visitor's injury on his property. B) Following the instructions of all the owners in the community association. C) Lending $1,000 to the community association. D) Sending a monthly newsletter to the owners.