Real Estate License Laws Quiz Attempt #4

Real Estate License Laws Quiz Attempt #4

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*AntiTrust Laws*

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Question 1 of 10

1. Question
In order for continuing education courses to be approved in Georgia, they must include an element of instruction in the subject of ____________ related to the course’s content.
- ethics
- safety
- legal issues
- fraud
Correct

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Question 2 of 10

2. Question
Brokers of a real estate corporation in Georgia have to:
- hire at least 3
- be named an officer of the corporation
- hold a majority share in the corporation's stock
- have at most 5 investors
Correct

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Question 3 of 10

3. Question
Which of the following does not violate license law?
- A broker having a dual agency agreement with written consent from both parties.
- An unlicensed assistant providing services to a client.
- Encouraging sellers to reject offers based on race.
- Advertising a property as 2,000 square feet when it is actually 1,950 square feet.
Correct

Incorrect
Question 4 of 10

4. Question
A licensee is found responsible for acts that resulted in a payout from the Georgia Real Estate Recovery Fund. What happens next?
- No disciplinary action is taken
- They are sued by the Georgia Real Estate Recovery Fund
- Their license is automatically revoked
- They are sued by the Georgia Real Estate Commission
Correct

Incorrect
Question 5 of 10

5. Question
A __________ whose commission is shared via the MLS with the commission paid by the seller to the listing broker in a real estate purchase; remains the agent of the buyer.
- buyers-broker
- sellers-broker
- buyer
- seller
Correct

Incorrect
Question 6 of 10

6. Question
The Georgia Real Estate Commission:
- Can issue out-of-state licenses
- May refuse to grant an applicant’s license
- does not consider routine traffic violations in the application process
- All of the above
Correct

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Question 7 of 10

7. Question
A real estate company, in Georgia, that has joined a national franchise must include in their advertising:
- Name in which the license was issued
- Main offices location of the franchise
- The national franchise firm's office phone number
- Number of franchised companies in the area
Correct

Incorrect
Question 8 of 10

8. Question
In order for continuing education courses to be approved in Georgia, they must include an element of instruction in the subject of ____________ related to the course’s content.
- ethics
- safety
- legal issues
- fraud
Correct

Incorrect
Question 9 of 10

9. Question
Which of the following is a requirement of GA real estate offices?
- None of the following are GA requirements for real estate offices
- maintain trust account records for three years
- display signage at the office location
- keep transaction records for three years
Correct

Incorrect
Question 10 of 10

10. Question
Under what circumstance can compensation for a salesperson from someone other than the broker, with whom the salesperson is affiliated be accepted?
- The compensation comes from a cooperating broker with whom the salesperson shared a transaction
- The salesperson is paid directly by a buyer who was a client
- The compensation is a bonus voluntarily paid by a grateful client.
- The compensation comes from a former employing broker as a commission earned on a contract negotiated before the change of employment.
Correct

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