Georgia Real Estate Exam Study Questions and 100% Correct Answers

Accrued interest on loan assumed. Which of the following costs is usually a credit on the estimated purchaser's cost worksheet? Hazard insurance is prepaid in advance negotiable between the buyer and seller The payment of the intangibles taxes are: If neither Baird or Carr are licensed as brokers, a qualifying broker must be hired and must be named as an officer of the corporation Licensees Baird and Carr decide to form a corporation for the purpose of providing real estate brokerage services. Which of the following statements is correct concerning this situation? an advertising fee. Persons are exempt from the license requirement when they contract primarily to promote the sale of real estate through listings in a publication issued for that purpose and their compensation is only in the form of The new broker agrees in writing to assume responsibility for the licensee's actions A licensee transferring to a new broker may continue to act as a licensee for the former broker with regard to transactions begun prior to the transfer. Which of the following statements is incorrect concening this situation? Complete a CMA or BPO for a seller or buyer. In Georgia, a person holding only a real estate license could legally do which of the following? appoint the Real Estate Commissioner The Georgia Real Estate Commission is authorized to Which of the following is NOT true about the Real Estate Commissioner? He or she is a part-time employee of the Commission.