1. Under Georgia law, which state agency is responsible for licensing and regulating real estate licensees?
- A. Georgia Department of Banking and Finance
- B. Georgia Real Estate Commission ✓
- C. Georgia Secretary of State
- D. Georgia Department of Consumer Affairs
The Georgia Real Estate Commission (GREC) is the state agency established under O.C.G.A. Title 43, Chapter 40 to issue licenses and regulate the conduct of real estate licensees in Georgia.
2. A Georgia salesperson license applicant must complete how many hours of pre-license education before sitting for the state licensing exam?
- A. 40 hours
- B. 60 hours
- C. 75 hours ✓
- D. 90 hours
Georgia requires 75 hours of approved pre-license salesperson education as a prerequisite to taking the state licensing examination, as specified by GREC rules.
3. In Georgia, a real estate salesperson license is issued in which status when it is first granted to a new licensee who has not yet affiliated with a broker?
- A. Active
- B. Inactive ✓
- C. Conditional
- D. Provisional
Under Georgia law and GREC rules, a newly issued salesperson license that is not yet affiliated with an active broker is placed on inactive status. The licensee may not perform real estate activities until the license is activated under a sponsoring broker.
4. Georgia real estate licensees are required to complete continuing education as a condition of license renewal. How many hours of continuing education must a salesperson complete per renewal cycle?
- A. 12 hours
- B. 24 hours
- C. 36 hours ✓
- D. 48 hours
GREC requires Georgia real estate salespersons to complete 36 hours of approved continuing education during each four-year renewal cycle in order to renew their license.
5. Under Georgia law, which of the following activities requires a Georgia real estate license?
- A. An individual selling their own personal residence
- B. A property manager collecting rent on behalf of another person for compensation ✓
- C. An attorney transferring title to property as part of their legal practice
- D. A court-appointed receiver managing a property under judicial order
Under O.C.G.A. § 43-40-1, collecting rent or managing property for another person for compensation constitutes real estate brokerage and requires a license. Selling one's own property, attorneys acting within their legal role, and court-appointed receivers are among the statutory exemptions.
6. A Georgia real estate salesperson wants to become a broker. In addition to passing the broker examination, which of the following experience requirements must be met?
- A. At least one year of active experience as a salesperson within the previous three years
- B. At least three years of active experience as a salesperson within the previous five years ✓
- C. At least two years of active experience as a salesperson within the previous seven years
- D. At least five years of active experience as a salesperson with no time limitation
GREC rules require that a salesperson applicant for a broker license have at least three years of active licensee experience within the five years immediately preceding the broker application, demonstrating sustained market engagement.
7. Under Georgia law, when a salesperson's license is transferred to a new broker, what must happen for the transfer to be effective?
- A. Only the salesperson must notify GREC in writing
- B. Only the new broker must submit the transfer application ✓
- C. Both the releasing broker and the new broker must sign and submit the transfer to GREC
- D. The salesperson must submit the transfer and pay a transfer fee, with no broker signatures required
In Georgia, a salesperson may not practice under a new broker merely by giving notice. The transfer becomes effective only when GREC processes the required transfer through the new sponsoring broker, after the salesperson has been released from the prior broker and the required fee/application requirements are met. The former broker’s release is part of the process, but the rule is not that both the releasing broker and new broker must jointly sign and submit the transfer.
8. In Georgia, a licensee who allows their license to expire and wishes to reinstate it within a certain period may do so without retaking the licensing exam. After expiration, what is the maximum time period during which reinstatement without retesting is generally permitted?
- A. Six months after expiration
- B. One year after expiration
- C. Two years after expiration ✓
- D. Five years after expiration
GREC rules allow a licensee to reinstate an expired license without retaking the licensing examination if the reinstatement application is submitted within two years of the expiration date, provided applicable fees and continuing education requirements are satisfied.
9. Georgia law permits the Georgia Real Estate Commission to impose which of the following disciplinary actions on a licensee found to have engaged in fraudulent conduct?
- A. Suspension or revocation only; no fines are authorized
- B. Fines only; criminal prosecution is handled by another agency
- C. Reprimand, fine, suspension, or revocation of license ✓
- D. Mandatory civil restitution payable through GREC, up to $10,000
Under O.C.G.A. § 43-40-25, GREC has authority to reprimand, fine, suspend, or revoke the license of any licensee found guilty of fraudulent conduct, misrepresentation, or other violations of the license law. GREC does not itself impose civil restitution in that manner.
10. Georgia's license law includes a provision for a 'community association manager' (CAM) license. Which body issues the CAM license in Georgia?
- A. Georgia Secretary of State's Professional Licensing Boards Division
- B. Georgia Real Estate Commission ✓
- C. Georgia Association of REALTORS
- D. Georgia Department of Community Affairs
The Georgia Real Estate Commission issues community association manager licenses under O.C.G.A. § 43-40-1 et seq., which was amended to include CAM licensing under GREC's authority.