state exam missed questions

If the foreclosure sale doesn't satisfy the debt, ______.

A deficiency judgment against the borrower may be issued

Business brokers in Georgia can seek credentials such as all of the following EXCEPT ______.

Business Intermediary Endorsement (BIE)

At the close of a real estate transaction, the ______ and the ______ of the transaction must reflect a zero balance.

Deposits, disbursements

Which of the following is NOT an exception to Georgia real estate license requirements?

Glenda provides tenant management services to rental property owners, such as seeking tenants, negotiating leases, and collecting rent.

Genevieve, who's taking a pre-licensing course, works as an unlicensed salaried employee at a Decatur brokerage. She's very good at bringing in new clientele, and the broker wants to reward her for her commitment to the firm. What do we know about this situation?

If the broker compensates Genevieve for her referrals to the firm, he'd be paying an unlicensed individual for referrals, which is prohibited under Georgia law.

In a deed of trust, who is the beneficiary?

Lender

As a state agency, how is GREC funded?

License fee

Susan is a real estate salesperson in Americus. How does Georgia license law define her status?

One who holds a salesperson's license

In general, exceptions to real estate license law ______.

Only apply under very specific circumstances

Who or which entity is responsible for funding the Real Estate Education, Research, and Recovery Fund?

Real estate license holders

How does Georgia license law define the commission?

The authority that regulates license law in Georgia

Albert wants to sell his house to his cousin, who's willing to assume his FHA loan. What clause in Albert's mortgage requires him to obtain the lender's permission to do this?

Alienation Clause

Craig's loan is secured by a mortgage. Who holds legal title when this security instrument is used?

Craig

When the Georgia attorney general's office finds that the investigation's evidence has legal grounds, the office will either propose a consent settlement for the commission to review and approve or ______.

File a notice of hearing with the Office of State Administrative Hearings

Tagger has made the final payment on his loan according to the loan terms. What must the note holder do to acknowledge that the debt has been repaid?

Sign the note, mark it "Paid in Full," and return it to Tagger.