Georgia Real Estate Exam Questions With Verified And Updated Solutions.

Georgia Real Estate Exam Questions With Verified And Updated Solutions. People who sell real estate for others.... - answermust be licensed in order to collect compensation who can be licensed as a real estate broker? - answera corporation, a partnership, an actual person what is not a real estate license catergory - answerattorney in fact a real estate listing is a contract between - answerthe owner and the listing broker the ultimate responsibility foramistake in a document prepared by a real estate salesperson rests - answerupon the employing broker continuing education requirements exist for the purpose of - answerrequiring licenses to stay up to date in their field before being granted an original salesperson's license, an applicant must - answerpass the eximination for salesperson licensure, name the broker with whom the applicant will be associated, complete any state mandated education requirements brokers who wish to operate outside their home state will usually be required to file a notice of consent with the secretary of state in - answereach state in which they wish to operate real estate brokers may operate a business as a sole proprietorship under - answera trade name for a corporation to be granted a license an a real estate broker - answera designated officer must be a licensed broker In Georgia, a branch office maintained by a licensed brokerage firm must - answerprovide for adequate supervision the requirement that a real estate agent hold a realestate license is set by the - answerlegislature In georgia, members of the real estate commission are - answernon employees appointed by the governor real estate salespeople may reasonably expect to work - answeron commission the term REALTOR applies to any - answermember of the NATIONAL ASSOCIATION OF REALTORS any person who earns a real estate commission and is not licensed is guilty of - answerbreaking the law what persons are specifically exempt from holding a real estate license - answerexecutors of estates a license may be revoked upon proof of - answerviolation of fair housing law property owners who want to sell their home are NOT interested in - answerhow much the listing salesperson will earn what would not defined as an essential element of a contract - answerin writing a contract based upon a promise exchanged for a promise is a - answerbilateral contract a contract based upon one party's promisse in exchange for an act from the other property is classified as - answera unilateral contract a unilateral contract is enforceable against - answerthe offeror a contract binding on one party but not the other is - answervoidable a person who has not reached the age of majority is also known as - answerminor as a rule, a contract between an adult and a minor is NOT - answerenforceable against the minor an attorney in fact derives powers from - answera power of attorney a partnership may contract in the name of - answerthe partnership when an offeror makes a valid offer and communicates it to the offeree, which of the following is NOT an option of the offere - answerto bind the offeror to the counteroffer an offer may not be teerminated by - answeracceptance by the offeror a contract with a defect is considered to be - answervoidable an act intended to deceive the other party in a contract is - answerfraud a contract made as a joke orin jest is precluded from becoming a valid contract because it lacks - answercontractual intent a contract that is in the process of being carried out is - answerexecutory