Free Georgia Broker Supplement Examination Practice Questions

Sample Practice Questions

Try these 10 sample questions from the Georgia Broker Supplement Examination practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1Which conduct falls within Georgia's $500 citation category for handling funds received by an affiliated licensee?

   1. A. Failing to turn the funds over to the broker as soon as practicably possible
   2. B. Using an unregistered firm name
   3. C. Depositing the funds after three business days
   4. D. Failing to send notice after a disputed disbursement

   Answer: A

   Explanation: Rule 520-1-.14(3)(a) sets a $500 maximum citation fine for failing to turn trust funds over to the broker as soon as practicably possible. The controlling text states "Failure of a community association manager, salesperson, or associate broker to turn over trust funds to the broker as soon as practicably possible.".

   Reference: Ga Department 520 Rules (2026) — Rule 520-1-.14(3)(a)

2. 2Who is responsible for a Georgia affiliated licensee's violation of the license law and rules?

   1. A. Only the affiliated licensee
   2. B. The closing attorney
   3. C. The qualifying broker
   4. D. The examination provider

   Answer: C

   Explanation: Rule 520-1-.07(1) makes the broker responsible for license-law and rule violations committed by licensees affiliated with that broker. The controlling text states "shall be held responsible for any licensee whose license is affiliated with the broker or the broker's firm".

   Reference: Ga Department 520 Rules (2026) — Rule 520-1-.07(1)

3. 3By when must a Georgia licensee disclose compensation expected from a referral connected with a transaction?

   1. A. No later than closing
   2. B. Within 30 days after closing
   3. C. Only if the consumer asks
   4. D. At license renewal

   Answer: A

   Explanation: Rule 520-1-.10(6)(a) requires disclosure of referral compensation no later than the transaction's closing. The controlling text states "no later than at the closing of the purchase, sale, exchange, or lease".

   Reference: Ga Department 520 Rules (2026) — Rule 520-1-.10(6)(a)

4. 4Which contract defect carries a maximum $500 citation fine under Georgia's schedule?

   1. A. Using the wrong registered business name
   2. B. Omitting financing terms when the contract has a financing contingency
   3. C. Stating the wrong earnest-money amount
   4. D. Failing to identify an affiliated licensee in an advertisement

   Answer: B

   Explanation: Rule 520-1-.14(3)(b) assigns a $500 maximum fine when a licensee fails to include financing terms in a contract having a financing contingency. The controlling text states "Failure of a licensee to include financing terms in a sales contract having a financing contingency.".

   Reference: Ga Department 520 Rules (2026) — Rule 520-1-.14(3)(b)

5. 5What instruction duty does a Georgia broker owe affiliated licensees?

   1. A. To instruct them on the license law and rules
   2. B. To prepare their personal tax returns
   3. C. To guarantee their sales volume
   4. D. To select their clients

   Answer: A

   Explanation: Rule 520-1-.07(1) requires the broker to instruct affiliated licensees about the provisions of the license law and Commission rules. The controlling text states "shall be responsible to instruct licensees affiliated with the broker or the broker's firm".

   Reference: Ga Department 520 Rules (2026) — Rule 520-1-.07(1)

6. 6How must a broker rebate paid to a principal in a Georgia transaction be documented?

   1. A. Only in the broker's private ledger
   2. B. In an oral statement at closing
   3. C. In a notice to the tax assessor
   4. D. On the closing statement or other settlement document

   Answer: D

   Explanation: Rule 520-1-.10(6)(b) requires a rebate to a principal to be disclosed on the closing statement or another settlement document. The controlling text states "as long as said rebate is disclosed on the closing statement for that transaction".

   Reference: Ga Department 520 Rules (2026) — Rule 520-1-.10(6)(b)

7. 7Which document-handling omission is scheduled for a maximum $500 Georgia citation fine?

   1. A. Failing to retain an investigative file
   2. B. Failing to register a trust account
   3. C. Failing to give a signer a copy of a transaction document
   4. D. Failing to renew a firm license online

   Answer: C

   Explanation: Rule 520-1-.14(3)(c) specifies a $500 maximum citation fine for failure to give a transaction-document signer a copy. The controlling text states "Failure of a licensee to provide a copy of any document used in a real estate transaction to any individual signing such document.".

   Reference: Ga Department 520 Rules (2026) — Rule 520-1-.14(3)(c)

8. 8A broker learns that an affiliated licensee violated Georgia's real estate license law. What management action is required?

   1. A. Wait for a consumer complaint
   2. B. Notify the local tax assessor
   3. C. Refer the matter only to the firm's insurer
   4. D. Notify the Commission

   Answer: D

   Explanation: Rule 520-1-.07(1) requires a broker to notify the Commission upon learning that an affiliated licensee violated the license law or rules. The controlling text states "shall notify the Georgia Real Estate Commission of any violation of the License Law and its Rules and Regulations".

   Reference: Ga Department 520 Rules (2026) — Rule 520-1-.07(1)

9. 9A broker gives a closing gift that was not promised and is not contingent on referral business. Must the gift be disclosed under Georgia's rebate rule?

   1. A. Yes, every gift must appear on the closing statement
   2. B. No, a noncontingent, unpromised gift is excluded from that disclosure requirement
   3. C. Yes, unless its value is under $25
   4. D. No, but only if the recipient is a licensee

   Answer: B

   Explanation: Rule 520-1-.10(6)(b) excludes an unpromised gift that is not contingent on a referral from the rebate-disclosure requirement. The controlling text states "no disclosure is required for gifts, products, services, or other things of value given to a principal by a licensee provided that they are not contingent upon the purchase, sale, lease or exchange of real estate for that transaction".

   Reference: Ga Department 520 Rules (2026) — Rule 520-1-.10(6)(b)

10. 10Which firm-name conduct is assigned a maximum $600 citation fine in Georgia?

    1. A. Changing a trade name after renewal
    2. B. Advertising a branch office
    3. C. Conducting business under a name not registered with the Commission
    4. D. Using the qualifying broker's surname

    Answer: C

    Explanation: Rule 520-1-.14(3)(g) schedules a $600 maximum fine for conducting business under a name other than the one registered with GREC. The controlling text states "Conducting business under a name other than that which is registered with the GREC.".

    Reference: Ga Department 520 Rules (2026) — Rule 520-1-.14(3)(g)