RealEstateU Georgia Real Estate Final Exam Questions and Answers 2023/2024| 100% Correct Verified Answers

Single family homes are?

Private freestanding residential houses.

Property types are generally categorized by the ...... that applies to that property.

Zoning laws

Schools and churches are considered....... Properties?

Special purpose

A lack of supply is known as?

scarcity

Candidates taking a licensee exam who are eligible active duty military and reserve personnel receive a...?

5 point credit

If you've been subject to disciplinary actions for any licensing agency all the following info must be taken before applying for a real estate license in Georgia, Except?

Provide a copy of his license in the associated jurisdiction.

Every sales person has to provide the commission with evidence that they completed a ...... post license course within 1 year of obtaining their license.

25-hours

If a broker's renewal fees aren't paid, what happens to the licenses of the licensees working under the broker?

All licenses for licenses under the broker will lapse

........... involves licensees with property management relationships with their clients. Any written property management agreement must identify the property being managed and list the terms and conditions of the manager's responsibility.

Management agreements

The Commission keeps electronic licensing records for...?

15 years

The activation fee to apply for a license as an individual or associate broker, salesperson, or community association manager is.......... The activation fee for a new firm, school, or instructor is ........ Both fees include $20 toward the real estate education, research and Recovery fund

$45/$75

....... Suspended due to nonpayment or failure to meet educational requirements costs $100 if submitted within 4 months of the lapse.

Reinstating a license

Members of the Georgia Real Estate Commission are?

Appointed by the governor

After your license has been denied or suspended you can?

Appeal to the commission and then ask for a judicial review if you are not satisfied with the outcome.