Barney Fletcher Review Chap 1-5
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1. Which of the following are appointed by the governor?
a. Members of the Georgia Real Estate Commission.
b. The Real Estate Commissioner.
c. Real estate instructors.
d. Georgia Real Estate Commission employees.: a. Members of the Georgia Real Estate
Commission.
2. Bill knows that his neighbor Carol wants to sell her house. Bill's friend Sam
tells Bill that he would like to buy a house in Bill's neighborhood. Bill introduces
Sam and Carol. Sam ends up buying Carol's house. Bill is not licensed. Can Bill
receive a referral fee for this?
a. No, only licensed individuals can receive referral fees.
b. Yes, Bill can receive a referral fee from Carol's broker.
c. Yes, Bill can receive a referral fee from Sam.
d. Yes, Bill can receive a referral fee from Carol.: d. Yes, Bill can receive a referral fee from Carol.
3. All employees of the commission must be unlicensed or inactive, but all
commission members must be active real estate licensees.
a. True.
b. False.: b. False.
4. The Georgia Real Estate Commission can take each of the following actions,
EXCEPT:
a. Grant a real estate license to a person whose license had been revoked 10
years earlier.
b. As a disciplinary action, revoke a person's brokers license and simultaneously
issue that person a salespersons license.
c. Act to resolve a commission dispute between two licensees.
d. Issue a reprimand or censure to a licensee without a formal hearing.: c. Act to
resolve a commission dispute between two licensees.
, Barney Fletcher Review Chap 1-5
Study online at https://quizlet.com/_htqv12
5. Two brokers have a dispute about a commission split. Which of the following
could become involved in settling their dispute?:
6. Which of the following individuals must have a real estate license to conduct
business in Georgia?
a. An individual who locates tenants for the owner of a residential apartment
complex.
b. A referral agent who locates listings for real estate licensees.
c. A person who sells real estate through auctions.
d. All of these individuals.: d. All of these individuals.
7. If a court finds an individual guilty of illegally operating without a real estate
license, the individual could be sentenced to jail time of up to:
a. Six months.
b. 1 year.
c. 3 years.
d. 5 years.: b. 1 year.
8. Which of the following statements is correct regarding the members of the
Real Estate Commission:
a. 1 of 5 members must be licensed.
b. 2 of 6 members must be licensed.
c. 4 of 5 members must be licensed.
d. 5 of 6 members must be licensed.: d. 5 of 6 members must be licensed.
9. Sara lives in Atlanta and has a sister who lives in South Carolina. The sister
wants to swap her house in South Carolina for a house close to Sara. Sara knows
her next door neighbor wants to get out of Atlanta and puts the neighbor in
touch with her sister. The two agree to swap houses if Sara will handle the
paperwork. The two agree to pay Sara for her time.
a. This is legal because Sara is doing a favor for an immediate family member.
b. This is legal because it was a swap and no money was involved in the
, Barney Fletcher Review Chap 1-5
Study online at https://quizlet.com/_htqv12
transaction.
c. This is illegal because Sara's sister is out-of-state.
d. This is illegal if Sara is unlicensed.: d. This is illegal if Sara is unlicensed.
10. ABC Corporation owns 10 apartment buildings.
a. ABC employees who manage the buildings must be licensed.
b. The officers of the corporation must be licensed.
c. Employees of the corporation do not need to be licensed.
d. Only employees who buy and sell buildings need to be licensed.: c. Employees of
the corporation do not need to be licensed
11. A person who is taking a Georgia real estate licensing exam has served in the
US military for at least one year, with at least 90 days of that time in wartime.
Which of the following statements is correct about this applicant.
a. This applicant could receive an extra 5 points added to the score on the
salesperson's license only.
b. This applicant could receive an extra 5 points added to the score on either
the salesperson's or broker's exam.
c. This applicant could receive an extra 10 points added to the score on the
salesperson's license only.
d. This applicant could receive an extra 10 points added to the score on either
the salesperson's or broker's exam.: b. This applicant could receive an extra 5 points added to the
score on either the salesperson's or broker's exam.
12. A prospective applicant for a real estate salesperson's license takes the state
exam and passes it in September 2015. In October 2016 the person submits
his application for a real estate license.
a. This person must pay a fee equal to 2 times the original fee.
b. This person must retake the 75 hour required education prior to submitting
his application.
c. This person must complete post-license education before submitting his
application.
Study online at https://quizlet.com/_htqv12
1. Which of the following are appointed by the governor?
a. Members of the Georgia Real Estate Commission.
b. The Real Estate Commissioner.
c. Real estate instructors.
d. Georgia Real Estate Commission employees.: a. Members of the Georgia Real Estate
Commission.
2. Bill knows that his neighbor Carol wants to sell her house. Bill's friend Sam
tells Bill that he would like to buy a house in Bill's neighborhood. Bill introduces
Sam and Carol. Sam ends up buying Carol's house. Bill is not licensed. Can Bill
receive a referral fee for this?
a. No, only licensed individuals can receive referral fees.
b. Yes, Bill can receive a referral fee from Carol's broker.
c. Yes, Bill can receive a referral fee from Sam.
d. Yes, Bill can receive a referral fee from Carol.: d. Yes, Bill can receive a referral fee from Carol.
3. All employees of the commission must be unlicensed or inactive, but all
commission members must be active real estate licensees.
a. True.
b. False.: b. False.
4. The Georgia Real Estate Commission can take each of the following actions,
EXCEPT:
a. Grant a real estate license to a person whose license had been revoked 10
years earlier.
b. As a disciplinary action, revoke a person's brokers license and simultaneously
issue that person a salespersons license.
c. Act to resolve a commission dispute between two licensees.
d. Issue a reprimand or censure to a licensee without a formal hearing.: c. Act to
resolve a commission dispute between two licensees.
, Barney Fletcher Review Chap 1-5
Study online at https://quizlet.com/_htqv12
5. Two brokers have a dispute about a commission split. Which of the following
could become involved in settling their dispute?:
6. Which of the following individuals must have a real estate license to conduct
business in Georgia?
a. An individual who locates tenants for the owner of a residential apartment
complex.
b. A referral agent who locates listings for real estate licensees.
c. A person who sells real estate through auctions.
d. All of these individuals.: d. All of these individuals.
7. If a court finds an individual guilty of illegally operating without a real estate
license, the individual could be sentenced to jail time of up to:
a. Six months.
b. 1 year.
c. 3 years.
d. 5 years.: b. 1 year.
8. Which of the following statements is correct regarding the members of the
Real Estate Commission:
a. 1 of 5 members must be licensed.
b. 2 of 6 members must be licensed.
c. 4 of 5 members must be licensed.
d. 5 of 6 members must be licensed.: d. 5 of 6 members must be licensed.
9. Sara lives in Atlanta and has a sister who lives in South Carolina. The sister
wants to swap her house in South Carolina for a house close to Sara. Sara knows
her next door neighbor wants to get out of Atlanta and puts the neighbor in
touch with her sister. The two agree to swap houses if Sara will handle the
paperwork. The two agree to pay Sara for her time.
a. This is legal because Sara is doing a favor for an immediate family member.
b. This is legal because it was a swap and no money was involved in the
, Barney Fletcher Review Chap 1-5
Study online at https://quizlet.com/_htqv12
transaction.
c. This is illegal because Sara's sister is out-of-state.
d. This is illegal if Sara is unlicensed.: d. This is illegal if Sara is unlicensed.
10. ABC Corporation owns 10 apartment buildings.
a. ABC employees who manage the buildings must be licensed.
b. The officers of the corporation must be licensed.
c. Employees of the corporation do not need to be licensed.
d. Only employees who buy and sell buildings need to be licensed.: c. Employees of
the corporation do not need to be licensed
11. A person who is taking a Georgia real estate licensing exam has served in the
US military for at least one year, with at least 90 days of that time in wartime.
Which of the following statements is correct about this applicant.
a. This applicant could receive an extra 5 points added to the score on the
salesperson's license only.
b. This applicant could receive an extra 5 points added to the score on either
the salesperson's or broker's exam.
c. This applicant could receive an extra 10 points added to the score on the
salesperson's license only.
d. This applicant could receive an extra 10 points added to the score on either
the salesperson's or broker's exam.: b. This applicant could receive an extra 5 points added to the
score on either the salesperson's or broker's exam.
12. A prospective applicant for a real estate salesperson's license takes the state
exam and passes it in September 2015. In October 2016 the person submits
his application for a real estate license.
a. This person must pay a fee equal to 2 times the original fee.
b. This person must retake the 75 hour required education prior to submitting
his application.
c. This person must complete post-license education before submitting his
application.
