Agency and License Law Practice Question
Question
A supervising broker is reviewing a transaction file for the Georgia Real Estate Salesperson Exam involving license renewal and community association and closing-attorney practice awareness. Which response best applies the rule? (Item 107)
Answer choices
- A. The issue can be ignored if the parties want to close quickly.
- B. The rule applies only to commercial transactions and never to residential transactions.
- C. Identify continuing education and renewal compliance duties in a way that fits Georgia exam practice.
- D. Client funds may be mixed with business funds if the broker reconciles the account later.
Correct Answer
C. Identify continuing education and renewal compliance duties in a way that fits Georgia exam practice.
Explanation
The correct answer is C because license renewal requires candidates to identify continuing education and renewal compliance duties. The Georgia reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.
Question details
- Difficulty: medium
- Domain: Agency and License Law
- Objective: license renewal