Georgia Real Estate Salesperson

How are the members of the Georgia Real Estate Commission (GREC) selected?

• AElected by licensed Georgia real estate brokers
• BAppointed by the Governor and confirmed by the Georgia Senate
• CAppointed solely by the Secretary of State
• DSelected by the Georgia Association of Realtors

How many hours of pre-license education must a candidate complete before sitting for the Georgia real estate salesperson exam?

• A40 hours
• B60 hours
• C75 hours
• D90 hours

Within what timeframe must a newly licensed Georgia salesperson complete the required post-license education?

• AWithin 6 months of obtaining the license
• BWithin the first year of obtaining the license
• CWithin 2 years of obtaining the license
• DBefore the first license renewal at 4 years

The Georgia real estate salesperson exam consists of how many questions, and what is the passing score?

• A120 questions (80 national + 40 state); 70% passing score
• B152 questions (100 national + 52 state); 72% passing score
• C150 questions (100 national + 50 state); 75% passing score
• D140 questions (90 national + 50 state); 70% passing score

What are the experience and education requirements to become a licensed broker in Georgia?

• A2 years experience as a salesperson + 45-hour broker course
• B3 years experience as a salesperson + 60-hour broker course
• C5 years experience as a salesperson + 90-hour broker course
• D1 year experience as a salesperson + 30-hour broker course

How often must a Georgia real estate license be renewed, and how many continuing education (CE) hours are required?

• AEvery 2 years; 24 hours of CE
• BEvery 4 years; 36 hours of CE
• CEvery 3 years; 30 hours of CE
• DEvery 4 years; 48 hours of CE

Under Georgia law, what must a qualifying broker maintain for holding client funds such as earnest money deposits?

• AA personal savings account at any financial institution
• BA trust or escrow account at a federally insured depository
• CA business checking account in the broker's name only
• DNo special account is required; funds can be held in the general operating account

What are the three license categories for real estate professionals in Georgia?

• ASalesperson, associate broker, and qualifying broker
• BSalesperson, managing broker, and principal broker
• CAgent, supervising broker, and designated broker
• DProvisional salesperson, salesperson, and broker

A Georgia licensee is found to have committed fraud in a real estate transaction. What is the process for GREC to take disciplinary action?

• AGREC immediately revokes the license without a hearing
• BGREC files a complaint, conducts an investigation, and holds a formal hearing before the…
• CThe local Board of Realtors handles all disciplinary matters
• DThe Georgia Attorney General prosecutes the case in superior court

In Georgia, which document must be in place between a qualifying broker and an affiliated salesperson to establish the salesperson's status as an independent contractor?

• AA verbal employment agreement
• BA written independent contractor agreement
• CA standard W-2 employment form
• DNo agreement is required under Georgia law

What is the purpose of the GREC Education, Research, and Recovery Fund?

• ATo fund continuing education courses for licensees
• BTo reimburse consumers who suffer financial losses due to the wrongful acts of a licensee
• CTo provide startup loans for new real estate brokerages
• DTo pay for GREC's annual operating expenses

A broker licensed in Florida wants to conduct a transaction involving Georgia property. Under Georgia's license portability rules, what must the Florida broker do?

• AObtain a full Georgia real estate license before conducting any business
• BEnter into a cooperative agreement with a Georgia-licensed broker and comply with Georgia…
• CNothing; all state licenses are automatically recognized under federal reciprocity
• DSimply notify GREC of the intended transaction within 30 days

Under Georgia law, what is required for a real estate brokerage to operate from a physical office location?

• AThe office must be registered with GREC and display the brokerage name prominently
• BNo registration is needed as long as the broker has an active license
• COnly the main office must be registered; branch offices are exempt
• DThe office only needs to be registered with the local county clerk

What is the full name of the Georgia law that governs brokerage relationships between licensees and their clients or customers?

• AGeorgia Real Estate License Act
• BGeorgia Brokerage Relationships in Real Estate Transactions Act (BRRETA)
• CGeorgia Uniform Partnership Act
• DGeorgia Fair Business Practices Act