REAL ESTATE GA STATE EXAM (52 QUESTIONS) | ANSWERED/ WITH RATIONALE| GRADED A+/| latest update 2024/25|

REAL ESTATE GA STATE EXAM (52 QUESTIONS) | ANSWERED/ WITH RATIONALE| GRADED A+/ The Georgia Real Estate Commission will discipline a licensee for which of the following actions? - - A. II and IV only II. Guaranteeing future profits from the sale of a property. IV. Persuading a party to an existing listing contract to break that contract and list with the licensee. Which licensee is violating Georgia license law? - -A. Salesperson Maria accepts a commission payment directly from her client. Maria is violating license law. A salesperson may never accept compensation from anyone except the salesperson's broker. Which of the following complaints will the real estate commission investigate? II. A complaint against a licensee from another licensee regarding handling of trust funds the previous month. III. A complaint against a licensee from a former client regarding misrepresentation that occurred the previous year. - -A. II and III only II. A complaint against a licensee from another licensee regarding handling of trust funds the previous month. III. A complaint against a licensee from a former client regarding misrepresentation that occurred the previous year. GREC doesn't investigate incidents that occurred more than three years previously, and doesn't investigate violations outside of license law. Items II and III would be investigated. Which of the following statements about the Georgia Real Estate Commission are TRUE? II. It has six members. IV. Each member serves a term of five years. - -A. II and IV only II. It has six members. IV. Each member serves a term of five years. There are six members, one of whom has no connection to real estate. They are appointed by the Governor to five year terms. The Georgia Real Estate Commission is responsible for which of the following duties? II. Establish licensing standards for real estate professionals in the state. III. Issue new real estate licenses and renewed licenses. - -A. II and III only II. Establish licensing standards for real estate professionals in the state. III. Issue new real estate licenses and renewed licenses. Items II and III are duties of the GREC. Which of the following individuals must hold a real estate license? I. Marta, who is selling her principal residence as a For Sale by Owner. II. Jim, who negotiates the sale of his father's condo while acting as the executor for his father's will. III. Janeen, who advertises herself as a successful real estate agent. IV. Bob, who accepts a commission for brokering the sale of his neighbor's home. - -A. III and IV only Janeen and Bob are both performing activities that require a real estate license. Which of these describes an associate broker? - -A. Gwen has a broker-level license. She's associated with broker Dan. Gwen is an associate broker. She holds a broker-level license but chooses to associate with another broker rather than work as a solo practitioner. Which of these is NOT part of a broker's supervisory responsibilities? - -A. Providing a reasonable and appropriate share of leads to each affiliated licensee. Brokers aren't required to provide affiliated licensees with leads as part of their supervisory responsibilities. Which of the following items must salesperson Dirk include in the flier he writes to advertise his new listing? II. His brokerage firm's name as registered with t