GA Real Estate Practice Questions With Correct Answers

GA /




Real
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Estate
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Practice Questions With Correct Answers
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What /



fines
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may
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be
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imposed
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by
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the
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Commission
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for
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rules
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violations? - CORRECT ANSWERS(S)✔✔A maximum of $1,000 for
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a single offence or $5,000 for multiple violations
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Charging /



advance
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brokerage fees is - CORRECT ANSWERS(S)✔✔a duty of a broker.
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,Agency /



can
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best
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be
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described
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as -
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CORRECT
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ANSWERS(S)✔✔a
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written representation agreement between broker and client.
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Which /



is
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true
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concerning
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the
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Commission
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Chairperson? -
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CORRECT
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ANSWERS(S)✔✔He
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is appointed by the Commission members annually.
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The /



Georgia
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Real
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Estate
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Commission
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,is -
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CORRECT
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ANSWERS(S)✔✔comprised
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of
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6 /



members appointed by the governor and confirmed by the Senate.
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Which /



of
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the
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following
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best
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describes
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a /



brokerage
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agreement? -
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CORRECT
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ANSWERS(S)✔✔A
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written compensatory agreement between broker and seller
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The /



Commission's
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disciplinary
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authority
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includes -
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CORRECT
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, / ANSWERS(S)✔✔requiring /



/ periodic accounting reports related to trust violations.
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One /



of
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the
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responsibilities
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of
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Commission
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members
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is
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to -
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CORRECT
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ANSWERS(S)✔✔monitor the availability of licensure to the public.
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Brokerage /



related
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activities
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not
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requiring
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the
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exercise
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of
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the
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licensee's
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own
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