CE Shop Practice Test – GA Latest
Update with Verified Solutions
Lacey works for a government agency as an office space location specialist. Her role is to gather
information and locate office space for government age
...
CE Shop Practice Test – GA Latest
Update with Verified Solutions
Lacey works for a government agency as an office space location specialist. Her role is to gather
information and locate office space for government agencies. Does she need a real estate license?
✔✔No, government employees are an exception to the real estate license requirement.
Which of the following is a legitimate and legal way that an exclusive right-to-sell listing
agreement may terminate without the seller owing a commission? ✔✔The listing agent stops
working on the listing.
What information would the Loan Estimate NOT provide to buyers under the TRID-required
disclosures law? ✔✔Final closing costs
Randa is trying to lower the vacancy rates for the commercial property she manages because her
revenue targets have increased by 8% over the next year. What type of budget contains this
revenue detail? ✔✔Operating budget
When a licensee represents a seller, which one of the following statements is true about the
licensee's ability to list other properties that are for sale? ✔✔The licensee is permitted to list
other properties for sale, even if they're competing properties.
Fallon is a broker who wants to ensure she is paid, regardless of whether a property sells. She
asks for 4% of the listing price up front, which is lower than her colleague's 6% contingency fee.
What type of fee is this? ✔✔Advance Fee
Which of the following actions occurs prior to closing? ✔✔The buyer obtains a binder for
insurance coverage on the new home.
Which source of law is created through legislation? ✔✔Statutory Law
The two primary purposes of which kind of budget are to help property managers maximize
profitability and to avoid unforeseen major expenses. ✔✔Operating
In which of these situations has the licensee compromised th
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