Georgia Real Estate Salesperson Exam — All Questions

All Property Ownership Land Use Controls Valuation Financing Contracts Agency Property Disclosures Property Management Transfer of Title Practice of Real Estate Real Estate Calculations Georgia Laws & Rules RE Practice in Georgia Finance & Closing

2 questions

Georgia Laws & Rules

Real estate licensees in Georgia are regulated by which body?

a.The Georgia Association of Realtors
b.The Georgia Department of Banking
c.The Georgia Real Estate Commission (GREC)✓
d.The county probate court

The Georgia Real Estate Commission (GREC) licenses and regulates real estate brokers and salespersons in Georgia. Trade associations such as the Georgia Association of Realtors do not issue or govern licenses.

Georgia Laws & Rules

In Georgia, a newly licensed real estate salesperson must:

a.Work under the supervision of a licensed broker✓
b.Immediately open an independent brokerage
c.Hold client funds in a personal account
d.Practice without any continuing education

A Georgia salesperson (associate) must be affiliated with and supervised by a licensed broker, who is responsible for the salesperson's activities and trust funds. Independent practice requires a broker license.