GA SALESPERSON PRE-LICENSE COURSE EXAM
LATEST UPDATE 2025-2026 WITH COMPLETE 162
QUESTIONS AND ACCURATE DETAILED
ANSWERS GRADED A+
Which entity grants, suspends, and revokes real estate licenses
in GA? -Correct Answer-Georgia Real Estate Commission
(GREC)
What would happen if a licensee fails to complete the 25-hour
post-licensing requirement within the first year of receiving her
license? -Correct Answer-The license will lapse
Darcy signed an exclusive right-to-sell agreement with licensee
Shane, which gives Shane authority to ______. -Correct
Answer-Negotiate the Contract
A buyer has a 30-year, $400,000 loan with a 7% interest rate.
How much of the first month's mortgage payment is interest? -
Correct Answer-$2,333.33
When state and federal laws differ, as they sometimes do with
fair housing and/or human rights, which of these statements is
true? -Correct Answer-The state law may not remove rights
granted to citizens under the federal law.
What's the purpose of a buyer representation agreement? -
Correct Answer-To establish an exclusive agent/buyer
relationship
,Assuming that dual agency is legal where these scenarios occur
and that the licensees' brokerages permit it, which of these
situations demonstrates illegal dual agency? -Correct Answer-
Tom is holding an open house for his client. Ruby, a buyer, says
she wants to make an offer. She details her situation; Tom waits
until she finishes and then suggests that she offer a non-
refundable earnest money deposit to strengthen her offer.
What's the biggest security issue with using social networking
sites to market your listings? -Correct Answer-Criminals may
use social networking sites to identify properties that are vacant
or have high-end possessions.
Henry submits an offer on a condo and includes an earnest
money check for 10% of his offer, which the seller accepts.
Later on at closing, he brings a cashier's check for $34,450
(comprising the remaining half of his 20% down payment and
$7,950 in closing costs). What's the condo's purchase price in
whole dollars? -Correct Answer-$265,000
Which of these is essentially the same as fraud? -Correct
Answer-Intentional misrepresentation
What's a power of attorney? -Correct Answer-A legal document
that allows a person to act as attorney-in-fact for another in a
financial, business, or health matter
When does offer and acceptance occur? -Correct Answer-When
one party makes an offer, and the other party signs it and returns
to the original party
, Your buyer client Gwen wants to learn as much as she can and
asks a lot of questions. Which of the following of Gwen's
questions could you answer while staying within your scope of
expertise? -Correct Answer-What are the property taxes for this
property?
In a real estate transaction, who decides how much earnest
money to offer? -Correct Answer-Buyer
Trina is a licensee at Midtown Homes. Which of these factors
indicates that she's classified as an employee? -Correct Answer-
She's eligible to participate in the firms 401k retirement plan.
When is a cease and desist order effective? -Correct Answer-
Immediately upon issuance
Frances collected an earnest money check from her client, but
didn't have an opportunity to deliver it to the escrow agent
before close of business on Friday. For safekeeping, she
deposited it into her personal checking account over the
weekend and wrote the escrow agent a new check on Monday
morning. Which of these statements is true? -Correct Answer-
Frances is guilty of commingling
When a buyer is taking possession of their new home, what type
of contract must they have? -Correct Answer-Executed
Bob signed a contract to purchase Ingrid's apartment building.
Bob decided he didn't want to be a landlord, and Ingrid decided
she didn't want to sell and move to Maui. They mutually agreed
LATEST UPDATE 2025-2026 WITH COMPLETE 162
QUESTIONS AND ACCURATE DETAILED
ANSWERS GRADED A+
Which entity grants, suspends, and revokes real estate licenses
in GA? -Correct Answer-Georgia Real Estate Commission
(GREC)
What would happen if a licensee fails to complete the 25-hour
post-licensing requirement within the first year of receiving her
license? -Correct Answer-The license will lapse
Darcy signed an exclusive right-to-sell agreement with licensee
Shane, which gives Shane authority to ______. -Correct
Answer-Negotiate the Contract
A buyer has a 30-year, $400,000 loan with a 7% interest rate.
How much of the first month's mortgage payment is interest? -
Correct Answer-$2,333.33
When state and federal laws differ, as they sometimes do with
fair housing and/or human rights, which of these statements is
true? -Correct Answer-The state law may not remove rights
granted to citizens under the federal law.
What's the purpose of a buyer representation agreement? -
Correct Answer-To establish an exclusive agent/buyer
relationship
,Assuming that dual agency is legal where these scenarios occur
and that the licensees' brokerages permit it, which of these
situations demonstrates illegal dual agency? -Correct Answer-
Tom is holding an open house for his client. Ruby, a buyer, says
she wants to make an offer. She details her situation; Tom waits
until she finishes and then suggests that she offer a non-
refundable earnest money deposit to strengthen her offer.
What's the biggest security issue with using social networking
sites to market your listings? -Correct Answer-Criminals may
use social networking sites to identify properties that are vacant
or have high-end possessions.
Henry submits an offer on a condo and includes an earnest
money check for 10% of his offer, which the seller accepts.
Later on at closing, he brings a cashier's check for $34,450
(comprising the remaining half of his 20% down payment and
$7,950 in closing costs). What's the condo's purchase price in
whole dollars? -Correct Answer-$265,000
Which of these is essentially the same as fraud? -Correct
Answer-Intentional misrepresentation
What's a power of attorney? -Correct Answer-A legal document
that allows a person to act as attorney-in-fact for another in a
financial, business, or health matter
When does offer and acceptance occur? -Correct Answer-When
one party makes an offer, and the other party signs it and returns
to the original party
, Your buyer client Gwen wants to learn as much as she can and
asks a lot of questions. Which of the following of Gwen's
questions could you answer while staying within your scope of
expertise? -Correct Answer-What are the property taxes for this
property?
In a real estate transaction, who decides how much earnest
money to offer? -Correct Answer-Buyer
Trina is a licensee at Midtown Homes. Which of these factors
indicates that she's classified as an employee? -Correct Answer-
She's eligible to participate in the firms 401k retirement plan.
When is a cease and desist order effective? -Correct Answer-
Immediately upon issuance
Frances collected an earnest money check from her client, but
didn't have an opportunity to deliver it to the escrow agent
before close of business on Friday. For safekeeping, she
deposited it into her personal checking account over the
weekend and wrote the escrow agent a new check on Monday
morning. Which of these statements is true? -Correct Answer-
Frances is guilty of commingling
When a buyer is taking possession of their new home, what type
of contract must they have? -Correct Answer-Executed
Bob signed a contract to purchase Ingrid's apartment building.
Bob decided he didn't want to be a landlord, and Ingrid decided
she didn't want to sell and move to Maui. They mutually agreed
