GA STATE EXAM PRACTICE PT. 2 FOR
2025 (COMPLETE ANSWERS)
Provided other requirements are met, a non-resident licensee from which of these states isn't required
to hold a Georgia license to practice real estate in Georgia? - ANS-Tennessee
Which of these statements is NOT true regarding a licensee who wants to transfer to another broker? -
ANS-Both the original broker and the new broker may charge the licensee a $50 fee to cover
administrative costs of the transfer
Paula provided her seller client, Amy, with a property disclosure form. Amy didn't claim any known
structural or mechanical defects. One of the visitors at Paula's open house was a plumbing contractor
who had repaired some pipes in the house and knew there was a major underlying problem. He was
very upset that the issue wasn't disclosed. Is Paula legally liable for providing fraudulent information? -
ANS-No, the licensees are not responsible for providing false information if they didn't know it was false
What's the reason for using employee and independent contractor agreements? - ANS-To define the
terms of the broker and worker's professional relationship
Which of the following is true about the sales contract form in Georgia? - ANS-There's no standard form
for the sales contract
Valdosta licensee Sonya represents a buyer, Damon, an African American who wants to purchase a
home in a neighborhood where his children will only play with children of his race. Which of the
following is Sonya's responsibility? - ANS-Sonya should show Damon properties in specific areas he
requests, but should refrain from commenting on the ethnic composition of the neighborhoods
Some brokers may opt to attach other documents to an independent contractor agreement. Which of
the following is NOT one of these such attachments? - ANS-Employee agreement
, The court will order GREC to make a payment out of the Real Estate Education, Research, and Recovery
Fund when applicable. What's the maximum dollar amount one claim can be, including all fees and
claimants attached to the transaction? - ANS-$25,000
Karen and Joe are purchasing a six-unit apartment complex for $450,000. The loan is secured by the
property being purchased. Is this purchase subject to GRMFA provisions? - ANS-No, because of the
number of units
An investigation found evidence that suggests Emmie may have violated Georgia license law and a
hearing has been scheduled. What are Emmie's rights at the hearing? - ANS-Subpoena witnesses and
documents
Jacob, a broker in Chattanooga, Tennessee, wants to practice real estate in Georgia occasionally with
Georgia broker Deb. But he doesn't want to obtain a Georgia license. Which of these rules applies? -
ANS-Jacob and Deb will enter into a written agreement that specifies how Deb will split commissions
with Jacob
How long does a broker have before notifying the commission that a trust fund account has been
established? - ANS-30 days
What do unfair trade practice laws in Georgia prohibit? - ANS-Unfair and deceptive business acts or
practices
What agency is charged with ensuring the balance of the Real Estate Education, Research, and Recovery
Fund is maintained at $1 million or higher? - ANS-GREC
Which of the following is a true statement about when a promissory note is sold? - ANS-The promissory
note is endorsed to the new owner of the loan
What does the acronym GAFLA stand for? - ANS-Georgia Fair Lending Act
Who's entitled to reimbursement from the Real Estate Education, Research, and Recovery Fund? - ANS-
Aggrieved members of the public affected by a license or certificate holder's wrongdoing
2025 (COMPLETE ANSWERS)
Provided other requirements are met, a non-resident licensee from which of these states isn't required
to hold a Georgia license to practice real estate in Georgia? - ANS-Tennessee
Which of these statements is NOT true regarding a licensee who wants to transfer to another broker? -
ANS-Both the original broker and the new broker may charge the licensee a $50 fee to cover
administrative costs of the transfer
Paula provided her seller client, Amy, with a property disclosure form. Amy didn't claim any known
structural or mechanical defects. One of the visitors at Paula's open house was a plumbing contractor
who had repaired some pipes in the house and knew there was a major underlying problem. He was
very upset that the issue wasn't disclosed. Is Paula legally liable for providing fraudulent information? -
ANS-No, the licensees are not responsible for providing false information if they didn't know it was false
What's the reason for using employee and independent contractor agreements? - ANS-To define the
terms of the broker and worker's professional relationship
Which of the following is true about the sales contract form in Georgia? - ANS-There's no standard form
for the sales contract
Valdosta licensee Sonya represents a buyer, Damon, an African American who wants to purchase a
home in a neighborhood where his children will only play with children of his race. Which of the
following is Sonya's responsibility? - ANS-Sonya should show Damon properties in specific areas he
requests, but should refrain from commenting on the ethnic composition of the neighborhoods
Some brokers may opt to attach other documents to an independent contractor agreement. Which of
the following is NOT one of these such attachments? - ANS-Employee agreement
, The court will order GREC to make a payment out of the Real Estate Education, Research, and Recovery
Fund when applicable. What's the maximum dollar amount one claim can be, including all fees and
claimants attached to the transaction? - ANS-$25,000
Karen and Joe are purchasing a six-unit apartment complex for $450,000. The loan is secured by the
property being purchased. Is this purchase subject to GRMFA provisions? - ANS-No, because of the
number of units
An investigation found evidence that suggests Emmie may have violated Georgia license law and a
hearing has been scheduled. What are Emmie's rights at the hearing? - ANS-Subpoena witnesses and
documents
Jacob, a broker in Chattanooga, Tennessee, wants to practice real estate in Georgia occasionally with
Georgia broker Deb. But he doesn't want to obtain a Georgia license. Which of these rules applies? -
ANS-Jacob and Deb will enter into a written agreement that specifies how Deb will split commissions
with Jacob
How long does a broker have before notifying the commission that a trust fund account has been
established? - ANS-30 days
What do unfair trade practice laws in Georgia prohibit? - ANS-Unfair and deceptive business acts or
practices
What agency is charged with ensuring the balance of the Real Estate Education, Research, and Recovery
Fund is maintained at $1 million or higher? - ANS-GREC
Which of the following is a true statement about when a promissory note is sold? - ANS-The promissory
note is endorsed to the new owner of the loan
What does the acronym GAFLA stand for? - ANS-Georgia Fair Lending Act
Who's entitled to reimbursement from the Real Estate Education, Research, and Recovery Fund? - ANS-
Aggrieved members of the public affected by a license or certificate holder's wrongdoing
