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Real Estate Salesperson Exam — National Portion

Renewal (GA): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Georgia

A broker renews an individual broker license. What happens to the license of the firm the broker owns?

  1. It renews automatically only if the firm is a sole proprietorship
  2. It renews automatically along with its qualifying broker's license
  3. It is renewed by the firm's affiliated licensees at their renewal
  4. It must be renewed separately; each firm has its own renewal date
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D. It must be renewed separately; each firm has its own renewal date — GREC, Renewing a License: Real Estate (Firm Renewals).

Question 2 · Georgia

What may a Georgia licensee on inactive status do in real estate brokerage?

  1. Deal only with property the licensee owns
  2. Manage rentals for family without a broker
  3. Close transactions begun while still active
  4. Accept referral fees from any Georgia broker
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A. Deal only with property the licensee owns — O.C.G.A. 43-40-12(g); Ga. Comp. R. & Regs. 520-1-.05(2)(g).

Question 3 · Georgia

A license lapsed for failure to pay renewal fees more than five years ago. What must the person do to get it back?

  1. Obtain a sponsoring broker statement and pay double the activation fee
  2. Complete 36 hours of continuing education and pay a single late fee
  3. Meet the education and examination requirements of an original applicant
  4. Pay all back renewal fees and late charges plus a reinstatement fee, nothing more
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C. Meet the education and examination requirements of an original applicant — O.C.G.A. 43-40-12(f); Ga. Comp. R. & Regs. 520-1-.05(4)(h).

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