Question 1
An owner's oddly shaped lot cannot fit a house within the required setback. Which should she ask the zoning board for?
The Georgia real estate exam
PSI gives Georgia's salesperson exam in two parts: 100 national questions and 52 on Georgia law and practice. Pass, and PSI issues your license at the test center.
| National portion | 100 questions |
|---|---|
| Georgia portion | 52 questions |
| Exam fee | $175, paid to PSI |
| License fee | $170, which covers the first four years |
| Education first | The 75-hour salesperson prelicense course |
| Licensed by | GREC |
Free 10-question national check
The national portion follows the same outline in every state. Answer ten questions and see how you do against a 70% target.
Question 2
Two siblings own a lake cabin as tenants in common, one with 70% and one with 30%. The 30% owner dies. What happens to her share?
Question 3
Which approach is most useful for valuing a new public library, which rarely sells and earns no rent?
Question 4
A seller orally agrees to sell her house and then changes her mind. Why can the buyer usually not enforce the deal?
Question 5
A seller signs an exclusive right-to-sell listing, then finds a buyer herself. Does the broker earn a commission?
Question 6
An agent mails owners warning that 'people of a different religion are moving in, so sell now before prices fall.' What is this?
Question 7
Federal lead-based paint disclosure rules apply to most housing built before which year?
Question 8
On a conventional loan, when must lenders end private mortgage insurance automatically, if the borrower is current?
Question 9
A buyer agrees to pay $340,000. The home appraises at $330,000. The lender will lend 80% of the price or the appraised value, whichever is less. How much cash must the buyer bring for the down payment?
Question 10
A home has a market value of $400,000 and is assessed at 25% of market value. The tax rate is 65 mills. What is the annual property tax?
Getting licensed in Georgia
- Finish the 75-hour salesperson prelicense course at an approved school.
- Get a Georgia criminal history (GCIC) report no older than 60 days.
- Book and pass the exam at PSI.
- Collect your license at a PSI test center, at least 24 hours after passing and within 12 months.
- Take the 25-hour postlicense course in your first year.
What the Georgia law questions cover
- Real estate practice in Georgia: contracts, listings, agency, property management (21 questions)
- State laws and rules: license law, unfair practices, fair housing, the recovery fund (16)
- Finance and closing (15)
The math, step by step
Prorations and closing statements come up on every state’s exam. Both calculators show the steps an exam explanation would.
Questions people ask
How many questions are on the Georgia real estate exam?
152: 100 on national principles and 52 on Georgia law and practice.
How much does the Georgia real estate exam cost?
$175, paid to PSI. The license fee is $170 more and covers the first four years.
How many hours of school do you need for a Georgia real estate license?
The 75-hour salesperson prelicense course, then a 25-hour postlicense course in your first year.
When do you get your license?
PSI issues it at the test center. Come back at least 24 hours after passing and within 12 months.
Georgia Real Estate Commission · PSI candidate bulletin (PDF)