GA RE Broker study guide
GA RE Broker · Work through your exam, one topic at a time.
The Georgia Real Estate Broker License Examination is the state-level assessment that candidates must pass to become licensed real estate brokers in Georgia. It is designed for experienced real estate professionals who already hold a salesperson license and are ready to advance to broker-level responsibilities, including supervising other licensees and managing brokerage operations. The exam is administered in a multiple-choice format and is divided into four equally weighted domains: Real Estate Brokerage and License Law; Contracts and Agency; Finance and Settlement; and Property, Valuation, and Practice. Each domain accounts for 25% of the total score. Topics on this exam: Real Estate Brokerage and License Law, Contracts and Agency, Finance and Settlement, and Property, Valuation, and Practice. The GA RE Broker study guide has 4 sections and about 1,530 words.
01Real Estate Brokerage and License Law
This domain tests how Georgia licenses and supervises brokerage. The controlling sources are O.C.G.A. Title 43, Chapter 40 and the Georgia Real Estate Commission (GREC) Rules, Chapter 520-1. Expect questions on qualification, broker supervision, trust funds, advertising, and discipline.
390 words, about 2 min02Contracts and Agency
This domain tests contract formation and the brokerage relationship rules in Georgia. The key statute for agency is the Brokerage Relationships in Real Estate Transactions Act (BRRETA), O.C.G.A. § 10-6A-1 et seq.; contract formation is governed by general Georgia contract law, including the Statute of Frauds, O.C.G.A. A real estate sale contract needs offer, acceptance, consideration, capacity, and lawful purpose.
424 words, about 2 min03Finance and Settlement
This domain covers how a Georgia transaction is financed and closed: loan underwriting, federal disclosure timing, and Georgia's closing and tax rules. Expect math on loan-to-value, closing costs, and transfer taxes. Lenders qualify borrowers on PITI-principal, interest, taxes, and insurance-plus other debts. Loan-to-value is loan amount divided by appraised value or purchase price, whichever is lower.
346 words, about 2 min04Property, Valuation, and Practice
This domain combines property interests, appraisal methods, and Georgia practice details such as ad valorem taxation. Questions often ask you to choose the right valuation approach or calculate value and tax. Fee simple absolute is the broadest ownership interest. Easements, liens, encroachments, and deed restrictions burden title.
370 words, about 2 min