Answers
An individual who performs real estate services is considered a broker if - correct answers
✔✔the services are performed for another and for a valuable consideration.
A person who collects rents is considered a broker if - correct answers ✔✔the person receives a
fee or commission for doing so.
Which of the following duties is one that a broker might perform in his activities as a broker? -
correct answers ✔✔Buy or offer to buy real estate
The Commission has the authority, under statutory law, to take disciplinary actions for any
violation of the license law. One of these actions might be a fine, for multiple violations, of a
maximum of: - correct answers ✔✔$5,000
In order to act as a real estate broker for a client, a licensee must have - correct answers
✔✔written authority from the client.
Which of the following would NOT be considered a broker? - correct answers ✔✔An owner who
arranges the sale of his own property.
The role of the Commission is to: - correct answers ✔✔To protect the public from harmful acts
of licensees, and to create a regulatory environment for the real estate industry.
In what year was the Georgia real estate law first passed? - correct answers ✔✔1925
, A licensee who acts on behalf of a broker is a(n) - correct answers ✔✔associate broker.
If a Commission member becomes unable to perform the required duties, - correct answers
✔✔the Governor will appoint a replacement.
How often does the Real Estate Commission meet? - correct answers ✔✔At least once a month.
In the case of a revocation, the person is not allowed to apply for a new license for a minimum
of: - correct answers ✔✔10 years
Which of the following statements is TRUE concerning affiliation of a Georgia broker with an out
of state licensee? - correct answers ✔✔The licensee may sell Georgia real estate only on behalf
of the Georgia broker.
Failure to complete the required post-license course results in - correct answers ✔✔Lapsed
License
Under which of the following conditions may a Georgia broker share a real estate commission
with an out-of- state broker? - correct answers ✔✔The out-of-state broker is acting only as a
referral
agent
Ted receives his Georgia real estate license on May 1. What is his deadline for completing the
required post-license course and submitting proof to the Commission? - correct answers
✔✔April 30 of the following year
To hold a Georgia license, a nonresident who is licensed in his or her state of residence must -
correct answers ✔✔agree to abide by all laws, rules and regulations governing brokerage
activity in Georgia.