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GA Real Estate License Exam Questions and Correct Verified Answers

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GA Real Estate License Exam Questions and Correct Verified Answers

Institution
GA REAL ESTATE
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GA REAL ESTATE











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Institution
GA REAL ESTATE
Course
GA REAL ESTATE

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Uploaded on
November 16, 2024
Number of pages
80
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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Top Mark Questions and Correct Verified Answers



GA Real Estate License Exam Questions
and Correct Verified Answers
Georgia Real Estate Commission size


✓ 6 members



Georgia Real Estate Commission appointed by


✓ Governor of Georgia



Georgia Real Estate Commission confirmed by


✓ Georgia state senate



How long are each of the Georgia Real Estate Commission members' terms?


✓ 5 years



How many members of the 6-member Georgia Real Estate commission must be real

estate licensees?


✓ 5



Does the sixth member of the Georgia Real Estate Commission have any interest in the

real estate industry?


✓ No, they must have an interest in consumer affairs only




Top Mark !!!

, Top Mark Questions and Correct Verified Answers

How are the Georgia Real Estate Commission members' terms staggered?


✓ Only one licensee member's term can expire each year



How long must one be actively licensed to qualify as member of the Georgia Real

Estate Commission?


✓ 5 years



How long must one be a resident of Georgia to qualify as a Georgia Real Estate

Commission member?


✓ 5 years



What is the first purpose of the real estate license law and the members of the

Commission who enforce it?


✓ To protect the public from any harmful acts of people acting as real estate
licensees by assuring that licensees meet basic levels of competency. This
includes either intentional or unintentional acts.



What is the second purpose of the real estate license law and the members of the

Commission who enforce it?


✓ To create a regulatory environment for the real estate industry that is
reasonable and allows the licensee to attain economic success



Commission members' responsibilities




Top Mark !!!

, Top Mark Questions and Correct Verified Answers

✓ 1. Developing a spirit of cooperation and unity among Commission members; 2.
Evaluating staff operations; 3. Establishing a fair qualifying process; 4.
Establishing a fair and unbiased hearing process; 5. Communicating with the
industry and the public.



What section of law is the Georgia Real Estate Commission's authority based upon?


✓ Statutory law



Statutory law


✓ The written law established by enactments expressing the will of the legislature,
as distinguished from the unwritten law or common law.



What is the purpose of the Commission's rules and regulations?


✓ To clarify sections of the real estate law



Who administers the license law that regulates brokers, salespersons, and community

association managers?


✓ The Georgia Real Estate Commission



Who's authority involves these four separate categories? 1. Issuing licenses; 2. Taking

disciplinary action; 3. Passing rules and regulations; 4. Establishing fees


✓ The Georgia Real Estate Commission



Rules and regulations set forth by the Georgia Real Estate Commission may only be

adopted if they fall under the "umbrella" of which type of Georgia law?



Top Mark !!!

, Top Mark Questions and Correct Verified Answers

✓ License law



Is it against the law to practice real estate without a license?


✓ Yes



What does the Commission have the authority to do if a person is discovered practicing

real estate without a license?


✓ Issue a cease and desist order and impose a fine of up to $1,000 per day for the
violation



What level of offense is practicing real estate without a license?


✓ Misdemeanor



What is the jail sentence for practicing real estate without a license, imposed by the

courts?


✓ One year or less



Who is exempted from having a real estate license? (1)


✓ An owner of real estate, the spouse of an owner, a prospective purchaser or their
regular employees or spouses



Who is exempted from having a real estate license? (2)


✓ An *attorney in fact* under a duly executed power of attorney to convey real
estate from the owner/lessor.



Top Mark !!!

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