Georgia Real Estate Flash Cards
Prepare for the real estate license by studying our Georgia real estate flash cards. With over 100 mixed in national and broker exam questions you will be equipped to ace the test. Instantly learn the key facts, definitions, and terms needed to pass the exam. Begin by clicking a flash card now.
The listing agent should explain to the seller what essential items appear to be left out of the offer and advise the seller to make a counter offer with those items included.
No
Only if specifically authorized to do so by your broker.
May we hire unlicensed hostesses to sit in open houses and pass out brochures with information on the houses?
Yes, in writing. Your broker will have to approve procedures for your holding security deposits and collecting rent.
No. The license law does not permit the Commission to intervene in disputes between licensees about fees.
You may not begin brokerage activity until your broker receives your wall certificate and pocket card from the Commission.
Yes
Yes, provided that you give the required notice to the broker holding your associate broker’s license.
No, unless that person is a real estate licensee.
The party who holds the earnest money is controlled by the negotiation of the parties as expressed in the provisions of the sales contract.
21
Yes
The commission is composed of six real estate licensees plus the real estate commissioner.
A budget unit of Georgia assigned to the office of the Secretary of State.
No
One
Disclose license status.
30 days
When they receive a sworn written request of a licensee concerning the acts that occurred within the last three years.
Yes
To represent both their broker and the brokers client.
No (It’s negotiated by both buyer and seller).
A Misdemeanor
5 year terms.
Refuse the listing and inform the seller that he or she can be in violation of a federal law.
Financial Status
Yes
Yes
He or she received a valid judgement from a court of competent jurisdiction.
Yes
The firms name as registered with the commission.
60 Days
No
Yes
Immediately
A type of advertisement that does not include the identity of the individual who placed the ad.
Yes
False
Designated Agency
Yes
No
Yes
Remained with 123 Realty.
Open Listing
No Commission
The relationship between an agent and his or her client.
Agreement between broker and salesperson.
Seller’s agent.
No
Fee Simple.
Riparian Rights
No
True
True
Once its delivered and accepted.
Deed
Net Lease
Assignment
Lease
Escrow
Contract
Express Contract
Implied Contract
Novation
Yes
Mortgage
Yes
Blanket Mortgage
Mortgagor
ARM (Adjustable Rate Mortgage)
Charging more than the legal interest rate.
$100,000
Eminent Domain
Blueprint
Circuit box.
8%
CMA (Comparative Market Analysis)
Prohibits any type of discrimination based on race.
Redlining
Racial Steering
Blockbusting
The Sherman Antitrust Law
Yes
Negotiable
Sole ownership.
Depreciation
43560 Square Feet
640 Acres
Abatement
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