CE SHOP STATE EXAM REVIEW QUESTIONS
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WITH CORRECT ANSWERS 2025
gh gh gh gh
Who ghor ghwhich ghentity ghhas ghthe ghauthority ghto ghbring ghinjunctive ghaction ghagainst gha ghreal ghestate
ghlicensee ghf ghor ghthe ghviolation ghor ghthe ghpotential ghviolation ghof ghGeorgia ghlicense ghlaw ghand
ghGREC's ghestablished ghrules?
GREC
The ghcommissioner
The ghGeorgia ghattorney ghgeneral
The ghU.S. ghattorney ghgeneral gh- ghCORRECT ghANSWER gh-
The ghGeorgia ghattorney ghgeneral ghhas ghthe ghauthority ghto ghbring ghinjunctive ghaction ghagainst gha
ghlicensee. ghGR ghEC ghcan ghmake ghthe ghrequest, ghbut ghthe ghattorney ghgeneral ghhas ghthe ghauthority.
In ghGeorgia, gha ghperson ghperforming ghreal ghestate ghactivities ghunder ghthe ghjudgment ghor ghorder ghof
gha ghcourt, ghs ghuch ghas gha ghtrustee ghin gha ghbankruptcy, ghis gh .
An ghexception ghto ghthe ghreal ghestate ghlicensing ghrequirement
ghRequired ghto ghhave gha ghbroker ghlicense
Required ghto ghhave ghat ghleast ghan ghassociate ghbroker ghlicense
Required ghto ghhave ghat ghleast gha ghsalesperson ghlicense gh- ghCORRECT
ghANSWER gh- ghAn ghexception ghto ghthe ghreal ghestate ghlicensing
ghrequirement.
When gha ghborrower ghfails ghto ghcure ghany ghdefault ghwithin gh120 ghdays ghof ghthe ghlender's ghoriginal
ghnotification, ghthe ghlender ghmay ghbegin ghthe ghforeclosure ghprocess. ghIn ghGeorgia, ghborrowers ghmay
ghredeem ghthe ghproperty
.
Either ghbefore ghor ghafter ghthe ghforeclosure ghsale
Only ghuntil ghthe ghoriginal gh notice ghof ghdefault ghis ghreceived
Only ghuntil ghthe ghproperty ghis ghadvertised ghfor ghpublic ghauction
Up ghto ghfive ghdays ghbefore ghthe ghscheduled ghforeclosure ghsale gh- ghCORRECT
ghANSWER gh- ghUp ghto ghfive ghdays ghbefore ghthe ghscheduled ghforeclosure ghsale.
, Jacob ghlost ghhis ghjob ghin ghan gheconomic ghslump ghand gh is ghbehind ghon ghhis ghmortgage. ghGeorgia ghis
gh a gh non-
judicial ghforeclosure ghstate. ghWhich ghsection ghof ghhis ghsecurity ghdeed ghgives ghhis ghlender ghto ghright
ghto ghsell ghthe ghproperty ghif ghhe ghdefaults?
Acceleration ghof ghRelease
gh Assumption
Due g h on g h Sale
Transfer ghof ghRights ghin ghProperty gh- ghCORRECT ghANSWER gh-
The ghTransfer ghof ghRights ghin ghProperty ghsection ghgives ghthe ghlender ghpower ghof ghsale, ghmeaning ghthe
ghlender ghc ghan ghsell ghthe ghproperty ghwithout ghjudicial ghproceedings ghif ghthe ghborrower ghdefaults.
Rental ghproperty ghowners ghare ghexempt ghfrom ghfair ghhousing ghlaws ghif ghwhich ghof ghthe ghfollowing
ghconditions ghis ghmet?
The ghowner ghdoesn't ghown ghmore ghthan ghfour ghsingle-family
gh homes. g h The ghowner ghoccupies gha ghbuilding ghwith ghnot ghmore
gh than ghfour ghfamilies. ghThe ghowner ghoccupies gha ghbuilding ghwith
gh not ghmore ghthan ghsix ghfamilies.
The ghowner ghuses gha ghreal ghestate ghlicensee ghto ghrent ghthe ghdwelling. gh- ghCORRECT ghANSWER gh-
If ghthe ghowner ghoccupies gh a ghbuilding ghwith ghno ghmore ghthan ghfour ghfamilies, ghthat ghowner ghis
gh exempt.
Which ghclause ghis ghstandard ghin gha ghdeed ghof ghtrust ghor ghsecurity ghdeed ghand ghaffects ghthe
ghforeclosure ghprocess ghthat ghcan ghbe ghused ghif ghthe ghborrower ghdefaults?
Acceleration
ghAlienation
ghPower ghof ghsale
Reconveyance gh- ghCORRECT ghANSWER gh-Power ghof ghsale
How ghlong ghdoes gha ghbroker ghhave ghbefore ghnotifying ghthe ghcommission ghthat gha ghtrust ghfund
ghaccount ghhas ghbe ghen ghestablished?
10 ghdays
gh gh gh gh gh
WITH CORRECT ANSWERS 2025
gh gh gh gh
Who ghor ghwhich ghentity ghhas ghthe ghauthority ghto ghbring ghinjunctive ghaction ghagainst gha ghreal ghestate
ghlicensee ghf ghor ghthe ghviolation ghor ghthe ghpotential ghviolation ghof ghGeorgia ghlicense ghlaw ghand
ghGREC's ghestablished ghrules?
GREC
The ghcommissioner
The ghGeorgia ghattorney ghgeneral
The ghU.S. ghattorney ghgeneral gh- ghCORRECT ghANSWER gh-
The ghGeorgia ghattorney ghgeneral ghhas ghthe ghauthority ghto ghbring ghinjunctive ghaction ghagainst gha
ghlicensee. ghGR ghEC ghcan ghmake ghthe ghrequest, ghbut ghthe ghattorney ghgeneral ghhas ghthe ghauthority.
In ghGeorgia, gha ghperson ghperforming ghreal ghestate ghactivities ghunder ghthe ghjudgment ghor ghorder ghof
gha ghcourt, ghs ghuch ghas gha ghtrustee ghin gha ghbankruptcy, ghis gh .
An ghexception ghto ghthe ghreal ghestate ghlicensing ghrequirement
ghRequired ghto ghhave gha ghbroker ghlicense
Required ghto ghhave ghat ghleast ghan ghassociate ghbroker ghlicense
Required ghto ghhave ghat ghleast gha ghsalesperson ghlicense gh- ghCORRECT
ghANSWER gh- ghAn ghexception ghto ghthe ghreal ghestate ghlicensing
ghrequirement.
When gha ghborrower ghfails ghto ghcure ghany ghdefault ghwithin gh120 ghdays ghof ghthe ghlender's ghoriginal
ghnotification, ghthe ghlender ghmay ghbegin ghthe ghforeclosure ghprocess. ghIn ghGeorgia, ghborrowers ghmay
ghredeem ghthe ghproperty
.
Either ghbefore ghor ghafter ghthe ghforeclosure ghsale
Only ghuntil ghthe ghoriginal gh notice ghof ghdefault ghis ghreceived
Only ghuntil ghthe ghproperty ghis ghadvertised ghfor ghpublic ghauction
Up ghto ghfive ghdays ghbefore ghthe ghscheduled ghforeclosure ghsale gh- ghCORRECT
ghANSWER gh- ghUp ghto ghfive ghdays ghbefore ghthe ghscheduled ghforeclosure ghsale.
, Jacob ghlost ghhis ghjob ghin ghan gheconomic ghslump ghand gh is ghbehind ghon ghhis ghmortgage. ghGeorgia ghis
gh a gh non-
judicial ghforeclosure ghstate. ghWhich ghsection ghof ghhis ghsecurity ghdeed ghgives ghhis ghlender ghto ghright
ghto ghsell ghthe ghproperty ghif ghhe ghdefaults?
Acceleration ghof ghRelease
gh Assumption
Due g h on g h Sale
Transfer ghof ghRights ghin ghProperty gh- ghCORRECT ghANSWER gh-
The ghTransfer ghof ghRights ghin ghProperty ghsection ghgives ghthe ghlender ghpower ghof ghsale, ghmeaning ghthe
ghlender ghc ghan ghsell ghthe ghproperty ghwithout ghjudicial ghproceedings ghif ghthe ghborrower ghdefaults.
Rental ghproperty ghowners ghare ghexempt ghfrom ghfair ghhousing ghlaws ghif ghwhich ghof ghthe ghfollowing
ghconditions ghis ghmet?
The ghowner ghdoesn't ghown ghmore ghthan ghfour ghsingle-family
gh homes. g h The ghowner ghoccupies gha ghbuilding ghwith ghnot ghmore
gh than ghfour ghfamilies. ghThe ghowner ghoccupies gha ghbuilding ghwith
gh not ghmore ghthan ghsix ghfamilies.
The ghowner ghuses gha ghreal ghestate ghlicensee ghto ghrent ghthe ghdwelling. gh- ghCORRECT ghANSWER gh-
If ghthe ghowner ghoccupies gh a ghbuilding ghwith ghno ghmore ghthan ghfour ghfamilies, ghthat ghowner ghis
gh exempt.
Which ghclause ghis ghstandard ghin gha ghdeed ghof ghtrust ghor ghsecurity ghdeed ghand ghaffects ghthe
ghforeclosure ghprocess ghthat ghcan ghbe ghused ghif ghthe ghborrower ghdefaults?
Acceleration
ghAlienation
ghPower ghof ghsale
Reconveyance gh- ghCORRECT ghANSWER gh-Power ghof ghsale
How ghlong ghdoes gha ghbroker ghhave ghbefore ghnotifying ghthe ghcommission ghthat gha ghtrust ghfund
ghaccount ghhas ghbe ghen ghestablished?
10 ghdays
