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Exam (elaborations)

Colibri Real Estate (Real Estate Express) Final Exam Review (2022 75-Hour Georgia Salesperson Pre-license Course) QUESTIONS WITH VERIFIED SOLUTIONS

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Colibri Real Estate (Real Estate Express) Final Exam Review (2022 75-Hour Georgia Salesperson Pre-license Course) QUESTIONS WITH VERIFIED SOLUTIONS Colibri Real Estate (Real Estate Express) Final Exam Review (2022 75-Hour Georgia Salesperson Pre-license Course) QUESTIONS WITH VERIFIED SOLUTIONS

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Uploaded on
October 3, 2024
Number of pages
104
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • colibri real estate
  • colibri

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Colibri Real Estate (Real Estate Express) Final Exam
Review (2022 75-Hour Georgia Salesperson Pre-
license Course) QUESTIONS WITH VERIFIED
SOLUTIONS
Broker Jane has been accused of a law violation regarding commissions. Which of
the following might 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. - CORRECT ANSWER 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. - CORRECT ANSWER A) her
employing broker only.

,Colibri Real Estate (Real Estate Express) Final Exam
Review (2022 75-Hour Georgia Salesperson Pre-
license Course) QUESTIONS WITH VERIFIED
SOLUTIONS

Which of the following is NOT a protected class under Georgia fair housing law?



A) Sexual preference

B) Familial status

C) Religion

D) Race - CORRECT ANSWER A) Sexual preference



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. -
CORRECT ANSWER C) Send a written notice to the Commission within 30 days.



How many hours of continuing education must a licensee complete for each year of
licensure?

,Colibri Real Estate (Real Estate Express) Final Exam
Review (2022 75-Hour Georgia Salesperson Pre-
license Course) QUESTIONS WITH VERIFIED
SOLUTIONS

A) 8 hours

B) 9 hours

C) 5 hours

D) 4 hours - CORRECT ANSWER B) 9 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. - CORRECT ANSWER 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?

, Colibri Real Estate (Real Estate Express) Final Exam
Review (2022 75-Hour Georgia Salesperson Pre-
license Course) QUESTIONS WITH VERIFIED
SOLUTIONS
A) The property description

B) The mortgage lender

C) The method of payment

D) Special stipulations the offer requires - CORRECT ANSWER B) The mortgage
lender



Kezia 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 Kezia's property?



A) $585

B) $195

C) $165.50

D) $496.50 - CORRECT ANSWER 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

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