CE Shop Practice Test – Georgia Real Estate Exam Prep (Latest Update with Verified Solutions).pdf

A complete Georgia Real Estate CE Shop practice test reviewer with verified solutions to help candidates prepare for licensing exams. This updated guide covers key real estate principles, laws, and professional practices tested in Georgia. Key coverage includes: - Licensing Requirements & Exceptions: - Government employees and court‑appointed trustees are exceptions to licensing. - Exclusive right‑to‑sell agreements and commission rules. - Contracts & Brokerage: - Termination of listing agreements without commission liability. - Broker compensation policies and disclosure requirements. - Advance fees vs. contingency fees. - Finance & TRID Disclosures: - Loan Estimate limitations (does not show final closing costs). - Buyer obligations prior to closing (insurance binder). - Property Management & Budgets: - Operating budgets for revenue targets and expense control. - Responsibilities for hazardous waste disposal at apartment complexes. - Law & Ethics: - Statutory law (created through legislation). - Case law (establishes precedent). - Imputed notice: agent’s knowledge is deemed given to the principal. - Duty of loyalty and disclosure (conflict of interest violations). - Specialized Niches & Property Types: - Farm brokerage (mineral, oil, water rights, soil cultivation). - Industrial properties requiring experienced professionals. - Client & Customer Duties: - Prompt presentation of all written offers and counter‑offers. This reviewer provides exam‑style questions with correct answers and rationales, making it ideal for Georgia real estate students, brokers, and property managers preparing for CE Shop exams or licensing assessments