102.

Bob used to work in property management for a Georgia real estate broker, but his license is now on inactive status. Bob has been offered a job in property management by a major manufacturing company in Georgia. If Bob accepts this job offer, which of the following statements is correct?

Select one:

a. Bob may leave his license on inactive status

b. Bob must activate his license with a broker

c. Bob must surrender his license

d. Bob must obtain a broker's license

103.

A Georgia real estate licensee who is acting as a transaction broker could have an agency relationship with:

Select one:

a. Either a buyer or a seller, but not both.

b. Either a landlord or a tenant, but not both.

c. No one.

d. Only when acting as a designated agent.

105.

Which of the following scenarios would require a Georgia real estate license?

Select one:

a. Full-time employees of ABC Corporation sell homes from subdivisions built and owned by ABC Corporation

b. Mr. Reese tells Ms. Sellers about his friend, Bob, who wants to buy a house. Bob ends up buying Ms. Seller's house and Bob pays a referral fee to Mr. Reese

c. Mr. Jones has moved to an assisted living center and gives his power of attorney to his friend Charlie to sell his house. As part of the agreement, Mr. Jones pays $10,000 to Charlie in return for his assistance

d. Larry sells real estate only through auctions

106.

A promissory note which is structured so that a series of equal and regular payments results in repayment of the debt upon maturity best describes which of the following:

Select one:

a. Acceleration

b. Alienation

c. Annuitization

d. Amortization