Georgia License Law
A Georgia real estate license is required to collect compensation for performing which of the following?
AA. Cleaning and maintaining a residential property
BB. Negotiating a lease on behalf of another person✓ Correct
CC. Managing a personal portfolio of investment properties
DD. Appraising property for a financial institution
Explanation
Negotiating a lease on behalf of another person for compensation requires a Georgia real estate license. Appraisers use a separate license; property management of one's own properties is exempt.
People Also Study
Related Georgia Questions
- Which of the following is NOT exempt from requiring a real estate license in Georgia?Georgia License Law
- Under GREC rules, a broker's trust account must be reconciled:Georgia License Law
- Continuing education requirements for Georgia real estate license renewal include:Georgia License Law
- Which of the following activities requires a Georgia real estate license?Georgia License Law
- A Georgia broker is required to display their license at:Georgia License Law
- Smoke detectors and carbon monoxide detectors in Georgia rental properties are required because:Environmental
- The Stormwater Management program in Georgia requires property owners to manage:Environmental
- In Georgia, a property manager who collects rents on behalf of property owners is generally required to:Property Management
Key Terms to Know
Promissory Note
A written promise to repay a loan under specified terms — the borrower's personal financial obligation in a real estate transaction.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
EasementA non-possessory right to use another person's land for a specific purpose.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
State-Specific Concepts
License Law
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →