Georgia Law

In procuring prospects for the sale of real estate, which of the following persons would require a real estate license ?

A person licensed as an auctioneer, auctioning the sale of real property

Which of the following persons would the georgia real estate license law apply to ?

A real estate licensee employed on a full time basis by the owner of the property for te purpose of leasing such property

Unless renewal fees are paid beofre the renewal date the licensee individual license will expire on ?

the last day of the month of the licensee birthday

A licensee who denies equal service to anyone because of race, color, religion, sex, national orgin, familial status, or handicap has violated ?

the license law, the georgia fair housing law, and the federal fair housing law

When a member of the georgia real estate comission vacates before the full term is served the member is succeeded by a properly appointed person who shall serve ?

the unexpired term of the member creating the vacancy

The georgia real estate commission must investigate the actions of a license when ?

they recieve a sworn written request for investigation of a licensee concerning acts that occured within the last three years.

Failing to give copies of the closing to clients at closing is

unfair practice of the license law

Would a person who brokers the sale of a business that invloves the transfer of an interest in real property require a real estate license ?

yes, if the sale of the business involves the transfer of any interest in real property

An applicant for real estate license shall pay an activation fee and renewal fee which shall cover fees due to the commission for a period of how many years ?

4

All members of the georgia real estate commission are appointed for a term of how many years ?

5

In georgia a corporation licesned as a salesperson can have how many licensees ?

1

Which of the following parties would be exempt from the real estate license requirements ?

An attorney in fact under a duly executed power of attorney to convey real estate from a owner or lessor

Statement

Each applicant for licensure shapp pay an activation fee in advance

What is the function of the Georgia real estate commission ?

To ensure professional competency among real estate licensees

When a salesperson sells their own property they can ?

May deposit the earnest money into their own trust account, as long as it is approved by their broker and properly registered with the commission

Fees authorized under the georgia real estate ;icense law are established and allocated by the ?

Real estate commission

The Georgia real estate commission is composed of ?

Six members each of whom is appointed by the government and confirmed by the senate for a term of 5 years

The license fees paid to the Georgia real estate comission are established by who ?

The Georgia real estate commission

Georgia real estate licensing fees are set by ?

The real Estate commission

The original license of a salesperson shall be delivered or mailed to ?

The real estate broker for whom the licensee is acting and shall be kept in the custody of the broker

Any person who has successfully passed the salesperson licensing examination must make application for a license within what period of time or must pay a fee equal to twicw the amount the original application fee ?

Within 3 months from the date the examination was taken

A salesperson has enrolled in a 25 hour in class approved course two weeks prior to the one year issuance of their original license. Due to a medical emergency the license is unable to complete the course within the one year required time period and their license lapse. Can the licensee reinstate the lapsed license ?

Yes if the complete the course within 6 months of the lapsing licensee

Can an inactive real estate licensee perform real estate services when employed by an unlicensed ?

Yes, but only if the license is surrendered

Under the georgia real estate license law, the real estate commissioner is ?

a full time employee of tht Georgia real estate commission

Rules passed by the real estate commission must

be consistent with the provisions of the license law

When dealing with a complaint what will the commission do first ?

condut an authorized investigation

A broker shall not be entitled to any part of the earnest money or other money paid to him/her in connection with any real estate transaction as part or all of his/her commission until the transaction has been ?

consummated or terminated

An actively licensed real estate salesperson is selling his/ her home without his/her company being involved the salesperson cannot

deposit the earnest in his/her own personal account

When the surrendering or revocation of a licensee's license the licensee shall

forward the licensee's wall certificate and pocket card at once to the commission

If a licensee does not renew his/her license within the time period required by law

he/ she may renew within two years of the date of its lapsing by paying all renewal fees and late charges which would have been due, plus areinstatement fee.

An applicant for licensure with a criminal conviction shall be required to disclose the conviction to the georgia real estate commission when ?

making application for licensure

Does the owner of residential real property need a real estate licensee to sell, rent or managethe property ?

no, the license law would not apply

Whenever the commission suspends a license for more than 60 days, after the filing of a notice of hearing the commsiion may

publish the licensee in its official newsletter

In order for a claimant to collect damages from the education, research and recovery fund he/ she must

recieve a valid judgement from a court of competent jurisdiction

Upon surrendering a license notice of suspension or revocation of licensure the commission shall

refund the unused portion of any fees to the licensee

A licensed salesperson wishes to perform real estate brokerage services as a full time employee of an unlicensed developer. In order to provide brokerage services to such an unlicensed party, the licensee must ?

surrender their license entirely before beginning work for the unlicensed party under an exception of the license law