Quiz #22

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Question 1 of 30

1. Question
Which score is the minimum passing grade on your Real Estate Exam?
- 0.9
- 0.75
- 0.7
- 0.8
Question 2 of 30

2. Question
What term is used to describe the permanent loss of a real estate license?
- Revocation
- Suspension
- Termination
- Denial
Question 3 of 30

3. Question
What term is used to describe the temporary loss of a real estate license?
- Revocation
- Suspension
- Termination
- Denial
Question 4 of 30

4. Question
How long must you work under a broker after receiving your real estate license?
- 3 months
- 6 months
- 1 year
- 3 years
Question 5 of 30

5. Question
What must be done after receiving a real estate license?
- A post-licensing course
- A legislature course on real estate laws
- a sales course
- a legal course
Question 6 of 30

6. Question
Why might a Licensee be listed as an independent contractor?
- For tax reasons
- For Legal reasons
- For licensing reason
- They are not listed as independent contractors.
Question 7 of 30

7. Question
Which of the following is true about important things to consider when picking a broker?
- How many licensees does the broker supervise.
- What their training is like.
- How available the broker is if one has questions.
- All of these are true
Question 8 of 30

8. Question
To receive license one must have
- All fees paid
- Criminal background completed and passed
- Affidavit from a sponsoring broker received
- All of these are true
Question 9 of 30

9. Question
Every four years from license being actively issued, how many hours of continuing education is required?
- 36
- 75
- 70
- 65
Question 10 of 30

10. Question
What are some of the activities that may not require a real estate license?
- Attorneys acting as brokers
- Public officers performing official duties
- Persons acting under the judgement or order of a court
- None of these are required
Question 11 of 30

11. Question
To obtain a broker’s or associate broker’s license in Georgia ___ in-class hours are required
- 45 Hours
- 60 Hours
- 25 Hours
- 75 Hours
Question 12 of 30

12. Question
When does the license renew during the license period in Georgia and how many hours of an approved continuing education class must be completed by that time?
- On the first day of the license holder’s birth month they must have completed 36 hours of an approved continuing education course.
- On the birthday of the license holder they must have completed 25 hours of an approved continuing education course.
- On the last day of the license holder’s birth month they must have completed 36 hours of an approved continuing education course.
- On the day of receiving their original license, a license holder must have completed 25 hours of an approved continuing education course.
Question 13 of 30

13. Question
What is a lapse in a license?
- When not all of the criteria for keeping and maintaining a license are met and the license is stripped from the license holder.
- When the post-licensure educational requirement is not met and a license holder must turn in their wall certificate of licensure as well as their pocket card to the Commission. They have 6 months to complete any required course to reinstate their license meeting certain conditions.
- When the post-licensure educational requirement is not met and a license holder must turn in their credentials. They have a year to satisfy any missing requirements to reinstate their license.
- When a license holder is not active for a certain amount of time and is on the path to being put in an inactive status.
Question 14 of 30

14. Question
When is an inactive status offered?
- This is for license holders who would like to temporarily discontinue actively pursuing real estate.
- This is not offered, it is assigned due to certain stipulations.
- This is for license holders who would like to move towards exiting the real estate industry.
- This is only for the use of the Commission.
Question 15 of 30

15. Question
What is a pocket card?
- A certificate that verifies an individual as a licensed real estate agent and must be held by that person’s broker
- A form of identification that someone is licensed in real estate and is kept by the corresponding agent
- A form of identification that someone is licensed in real estate and is used for the purposes of filing with the Commission
- Certification verifying an individual as a broker
Question 16 of 30

16. Question
Passing the Real Estate Exam means that you scored at least a _ on the exam?
- 0.9
- 0.7
- 0.75
- 0.8
Question 17 of 30

17. Question
In Real Estate, what term is associated with the permanent loss of the real estate license?
- Suspension
- Termination
- Revocation
- Denial
Question 18 of 30

18. Question
If a real estate license is temporarily taken away it is called what _?
- Suspension
- Termination
- Denial
- Revocation
Question 19 of 30

19. Question
What is the minimum amount of time you must work underneath a broker after you receive a license
- 3 years
- 1 year
- 6 months
- 3 months
Question 20 of 30

20. Question
Why do Brokers list the new licensee as independent contractors
- To maximize profit
- Company policy
- Taxation Reasons
- Real Estate Laws
Question 21 of 30

21. Question
Which of the following is not something to consider when picking a broker
- How much the broker makes
- What the broker compensation package is like.
- How many licensees does the broker supervise
- What the brokers training is like.
Question 22 of 30

22. Question
For one to receive a license one must have?
- 65 hour licensing course
- 75 hour licensing course and exam completed and passed
- Half fees paid
- Criminal background completed but not passed.
Question 23 of 30

23. Question
How many hours of continuing education is required every four years from license being actively issued?
- 65
- 70
- 75
- 36
Question 24 of 30

24. Question
Some activities that may not require a real estate license include?
- Selling houses
- Representing an agent
- Attorneys acting as brokers
- None of these are required
Question 25 of 30

25. Question
In Georgia __ in-class hours are required to obtain a broker’s or associate broker’s license
- 75 Hours
- 45 Hours
- 60 Hours
- 25 Hours
Question 26 of 30

26. Question
What is the renewal period in Georgia and how many hours of approved continuing education class is required?
- On the day of receiving their original license, a license holder must have completed 25 hours of an approved continuing education course.
- On the first day of the license holder’s birth month they must have completed 36 hours of an approved continuing education course.
- On the birthday of the license holder they must have completed 25 hours of an approved continuing education course.
- On the last day of the license holder’s birth month they must have completed 36 hours of an approved continuing education course.
Question 27 of 30

27. Question
Define a lapse in a license
- When a license holder is not active for a certain amount of time and is on the path to being put in an inactive status.
- When not all of the criteria for keeping and maintaining a license are met and the license is stripped from the license holder.
- When the post-licensure educational requirement is not met and a license holder must turn in their wall certificate of licensure as well as their pocket card to the Commission. They have 6 months to complete any required course to reinstate their license meeting certain conditions.
- When the post-licensure educational requirement is not met and a license holder must turn in their credentials. They have a year to satisfy any missing requirements to reinstate their license.
Question 28 of 30

28. Question
Inactive status is offered when___
- This is only for the use of the Commission.
- This is for license holders who would like to temporarily discontinue actively pursuing real estate.
- This is not offered, it is assigned due to certain stipulations.
- This is for license holders who would like to move towards exiting the real estate industry.
Question 29 of 30

29. Question
Define a pocket card
- A form of identification that someone is licensed in real estate and is used for the purposes of filing with the Commission
- Certification verifying an individual as a broker
- A certificate that verifies an individual as a licensed real estate agent and must be held by that person’s broker
- A form of identification that someone is licensed in real estate and is kept by the corresponding agent
Question 30 of 30

30. Question
When should the criminal history report be submitted?
- 50 days of the initial application
- 60 days of the initial application
- 50 days before the application
- 60 days before the application

Quiz #22

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