GA Real Estate Laws exam 2023 with
100% correct answers
How many commission members are there? Who are they appointed by? Who are they confirmed by?
For how many terms - correct answer -6 commission members total. Appointed by the governor.
Confirmed by the Senate. All 5-year terms.
What is the primary purpose of the Georgia Commission? - correct answer -1) to develop rules and
regulations
2) Investigate alleged violations by licensees
3) Discipline licensees who have violated laws
4) Establish non-refundable fees from licensees
How many commission members must be licensed for at least five years? - correct answer -5
Commissioner - correct answer -A full-time employee hired by the commission
Who is required to have a Georgia real estate license? - correct answer -Any person who performs any
of the following acts of brokerage for another, for compensation.
Operating without a Georgia real estate license is considered to be - correct answer -A misdemeanor
Who is not required to have a Georgia Real Estate license? - correct answer -An Owner, an attorney-in-
fact, a practicing attorney, a licensed CPA, a person who acts as a referral agent only (not receiving
compensation)
How many hours is a Georgia Salespersons pre-license education? - correct answer -75 hour approved
course
,How many hours is a Georgia CAM pre-license education? - correct answer -25 hour approved course
How many hours must a Georgia salesperson complete for post-education? - correct answer -25 hours,
no earlier than 1 year of the issue date and no later than 1 year of the issue date.
What happens if a salesperson fails to complete their post-license education within a year? - correct
answer -The licensees license will lapse and they may not perform any brokerage acts until the license is
reinstated.
How many years does a salesperson have, after their license has lapsed, to complete the post-license
course, and pay all fees? - correct answer -5 years until they have to re-qualify as an original applicant
What are the general requirements for a Georgia Brokers license? - correct answer -21 years old, a
Georgia resident, actively licensed as a salesperson or CAM for at least 3 years.
Application requirements for a Georgia Broker - correct answer -Complete required broker education,
pass a state exam, make proper application within 12 months from the exam, & must sign license
application form.
How many hours must a salesperson complete for Broker Education? - correct answer -60 hours of an
approved brokers education.
How many years must a convicted felon wait before reapplying for a Georgia real estate license? -
correct answer -10 years after their release from prison
Child Support issues - correct answer -Failure to pay a court order for child support is grounds for denial
of an for a Georgia license application or suspension of an existing license
Georgia brokerage firms - correct answer -Issued a broker's license, and firms are the only licensees
authorized to enter into contracts or agreements with the public to perform acts for compensation.
Non-Resident Broker - correct answer -A non-resident broker may practice real estate in Georgia with no
Georgia license if he/she enters into a written agreement with a Georgia Broker.
,How many Georgia brokers can a associate broker, salesperson, or CAM manager have? - correct answer
-They can only be licensed under one Georgia broker at a time.
Individual License Lapse - correct answer -License will lapse every 4 years on the last day of the
licensee's birth month. To renew, the individual must pay a fee and complete required education.
Firm License Lapse - correct answer -License will lapse every 4 years on the last day of the month the
license was issued
Sole proprietorship - correct answer -The sole proprietor is the sole owner and qualifying broker
Partnership - correct answer -The qualifying broker must be a general partner
Corporation - correct answer -The qualifying broker must be an officer of the corporation
Change of qualifying broker - correct answer -When a firm loses its broker, the firm has 60 days to
secure a new qualifying broker
Can a qualifying broker serve more than one firm? - correct answer -Yes
How long does a licensee have to transfer his license to another broker? (After the release has been
signed) - correct answer -The licensee has one month
What ministerial task may an unlicensed person perform? - correct answer -They may answer the
telephone, submit data, record/deposit earnest money, compute commission check, place/remove
signs, etc.
What task can an unlicensed person not do? - correct answer -Make cold calls, host open houses, show
real estate, discuss or explain contracts, collect or hold earnest money, etc.
Georgia laws that focus on deceptive advertising - correct answer -FBPA
, Georgia law that deals with price fixing - correct answer -UDTPA
Broker Disclosures prior to engagement - correct answer -Advise about types of agency relationships,
advise about brokerage relationships that may conflict with any interest, advise clients about broker
compensation.
Responsibilities to clients - correct answer -Treat all clients honestly, comply with legal terms of
engagement contract, seek sale of property at the price of terms, present all offers and counteroffers,
advise clients on expert advice, account for all monies and valuables, keep information confidential
Responsibility to Customers - correct answer -Disclose adverse material facts about the physical
condition of the property, disclose adverse facts affecting the neighborhood within a one mile radius
Dual agency - correct answer -One that represents two clients in the same transaction.
Designated agency - correct answer -A broker assigns affiliated licensees to exclusively represent
different clients in the same transaction.
Single Agency Representation - correct answer -A brokerage firm can decide to develop an office policy
establishing itself as a firm that represents buyers only or sellers only (but not both).
Co-Operating Agency Representation - correct answer -Sometimes the listing broker is the only agent in
the transaction. More often, there is more than one broker involved in the transaction.
Co-operating Opposing Side - correct answer -The selling broker is the buyers agent representing a
buyer who is interest in one of the listing brokers properties.
Co-operating Same Side - correct answer -The selling broker has a buyer customer who is interested in
one of the listing brokers properties
Transaction broker - correct answer -Provides assistance to buyers, sellers, tenants, and landlords by
performing ministerial acts. They represent no one!
100% correct answers
How many commission members are there? Who are they appointed by? Who are they confirmed by?
For how many terms - correct answer -6 commission members total. Appointed by the governor.
Confirmed by the Senate. All 5-year terms.
What is the primary purpose of the Georgia Commission? - correct answer -1) to develop rules and
regulations
2) Investigate alleged violations by licensees
3) Discipline licensees who have violated laws
4) Establish non-refundable fees from licensees
How many commission members must be licensed for at least five years? - correct answer -5
Commissioner - correct answer -A full-time employee hired by the commission
Who is required to have a Georgia real estate license? - correct answer -Any person who performs any
of the following acts of brokerage for another, for compensation.
Operating without a Georgia real estate license is considered to be - correct answer -A misdemeanor
Who is not required to have a Georgia Real Estate license? - correct answer -An Owner, an attorney-in-
fact, a practicing attorney, a licensed CPA, a person who acts as a referral agent only (not receiving
compensation)
How many hours is a Georgia Salespersons pre-license education? - correct answer -75 hour approved
course
,How many hours is a Georgia CAM pre-license education? - correct answer -25 hour approved course
How many hours must a Georgia salesperson complete for post-education? - correct answer -25 hours,
no earlier than 1 year of the issue date and no later than 1 year of the issue date.
What happens if a salesperson fails to complete their post-license education within a year? - correct
answer -The licensees license will lapse and they may not perform any brokerage acts until the license is
reinstated.
How many years does a salesperson have, after their license has lapsed, to complete the post-license
course, and pay all fees? - correct answer -5 years until they have to re-qualify as an original applicant
What are the general requirements for a Georgia Brokers license? - correct answer -21 years old, a
Georgia resident, actively licensed as a salesperson or CAM for at least 3 years.
Application requirements for a Georgia Broker - correct answer -Complete required broker education,
pass a state exam, make proper application within 12 months from the exam, & must sign license
application form.
How many hours must a salesperson complete for Broker Education? - correct answer -60 hours of an
approved brokers education.
How many years must a convicted felon wait before reapplying for a Georgia real estate license? -
correct answer -10 years after their release from prison
Child Support issues - correct answer -Failure to pay a court order for child support is grounds for denial
of an for a Georgia license application or suspension of an existing license
Georgia brokerage firms - correct answer -Issued a broker's license, and firms are the only licensees
authorized to enter into contracts or agreements with the public to perform acts for compensation.
Non-Resident Broker - correct answer -A non-resident broker may practice real estate in Georgia with no
Georgia license if he/she enters into a written agreement with a Georgia Broker.
,How many Georgia brokers can a associate broker, salesperson, or CAM manager have? - correct answer
-They can only be licensed under one Georgia broker at a time.
Individual License Lapse - correct answer -License will lapse every 4 years on the last day of the
licensee's birth month. To renew, the individual must pay a fee and complete required education.
Firm License Lapse - correct answer -License will lapse every 4 years on the last day of the month the
license was issued
Sole proprietorship - correct answer -The sole proprietor is the sole owner and qualifying broker
Partnership - correct answer -The qualifying broker must be a general partner
Corporation - correct answer -The qualifying broker must be an officer of the corporation
Change of qualifying broker - correct answer -When a firm loses its broker, the firm has 60 days to
secure a new qualifying broker
Can a qualifying broker serve more than one firm? - correct answer -Yes
How long does a licensee have to transfer his license to another broker? (After the release has been
signed) - correct answer -The licensee has one month
What ministerial task may an unlicensed person perform? - correct answer -They may answer the
telephone, submit data, record/deposit earnest money, compute commission check, place/remove
signs, etc.
What task can an unlicensed person not do? - correct answer -Make cold calls, host open houses, show
real estate, discuss or explain contracts, collect or hold earnest money, etc.
Georgia laws that focus on deceptive advertising - correct answer -FBPA
, Georgia law that deals with price fixing - correct answer -UDTPA
Broker Disclosures prior to engagement - correct answer -Advise about types of agency relationships,
advise about brokerage relationships that may conflict with any interest, advise clients about broker
compensation.
Responsibilities to clients - correct answer -Treat all clients honestly, comply with legal terms of
engagement contract, seek sale of property at the price of terms, present all offers and counteroffers,
advise clients on expert advice, account for all monies and valuables, keep information confidential
Responsibility to Customers - correct answer -Disclose adverse material facts about the physical
condition of the property, disclose adverse facts affecting the neighborhood within a one mile radius
Dual agency - correct answer -One that represents two clients in the same transaction.
Designated agency - correct answer -A broker assigns affiliated licensees to exclusively represent
different clients in the same transaction.
Single Agency Representation - correct answer -A brokerage firm can decide to develop an office policy
establishing itself as a firm that represents buyers only or sellers only (but not both).
Co-Operating Agency Representation - correct answer -Sometimes the listing broker is the only agent in
the transaction. More often, there is more than one broker involved in the transaction.
Co-operating Opposing Side - correct answer -The selling broker is the buyers agent representing a
buyer who is interest in one of the listing brokers properties.
Co-operating Same Side - correct answer -The selling broker has a buyer customer who is interested in
one of the listing brokers properties
Transaction broker - correct answer -Provides assistance to buyers, sellers, tenants, and landlords by
performing ministerial acts. They represent no one!
