Exam Latest Updated 2024
Which of these does the Americans with Disabilities Act address?
topic: practice of real estate
subtopic: federal fair housing laws and the ADA - CORRECT ANSWER-Meridian
Apartments provides a gym and pool area for residents, but it's not accessible to
residents who use wheelchairs
Which of the following is an example of price fixing?
topic: practice of real estate
subtopic: antitrust laws - CORRECT ANSWER-3 brokerages determine a standard
commission rate
With a security deed in Georgia, how may a lender release the deed when the loan
is paid off?
topic: finance and closing
subtopic: finance - CORRECT ANSWER-sign the security deed verifying release of
the collateral and re-recording the security deed
In Georgia, what can a broker do for a buyer customer, as compared to a client?
,topic: real estate practice in georgia
subtopic: listings and agency - CORRECT ANSWER-only ministerial tasks
A homeowner has converted 2 rooms in his home to a rental unit. What does the
"Mrs. Murphy" exemption permit him to do?
topic: practice of real estate
subtopic: federal fair housing laws and the ADA - CORRECT ANSWER-refuse to rent
to a female tenant
A tenant leases an apartment from Quad City Leasing. The tenant has filed a
complaint with the state real estate licensing division stating that Quad City's
property manager breached her fiduciary loyalty to the tenant. Which of these
statements about this situation is true?
topic: leasing and property management
subtopic: property manager's fiduciary responsibilities - CORRECT ANSWER-a
property manager owes fiduciary duties to the client and the apartment
community
In Georgia, what must be filed for the eviction process to begin?
topic: real estate practice in georgia
subtopic: property management - CORRECT ANSWER-an affidavit
, Bernie represented Oscar in the sale of Oscar's home. They signed an exclusive
right-to sell-listing agreement. If Oscar were able to find his own buyer, would he
owe Bernie a commission?
topic: general principles of agency
subtopic: creation of agency and non-agency agreements; disclosure of conflict of
interest - CORRECT ANSWER-yes, because "exclusive right to sell" means Bernie
gets paid no matter who finds the buyer
About your licensing exam - CORRECT ANSWER-Georgia real estate licensing
exams are administered by PSI. The exam consists of 2 portions, but the questions
are intermixed.
-Time limit: 4 hours
-National portion: 100 scored questions (may include 5 pretest/unscored
questions)
-State portion: 52 scored questions (may include 5 pretest/unscored questions)
-Minimum scaled passing score: 72 (or 109 questions answered correctly)
If you don't pass the exam, you'll receive reapplication instructions so you can
take the exam again. The state's candidate bulletin includes a list of topics and
subtopics and the ratios in which those topics will appear on the exam. It also
includes important information about the process for registering for the exam
and exam location guidelines. We've included a link to the bulletin in your
resources so you can locate information for your state.