EstatePass
Practice Of Real EstateLicense_lawEASY

A property manager in Georgia claims she does not need a real estate license because she manages only eight rental units. Under Georgia license law, which statement best describes when a licensure exemption applies?

Correct Answer

D) Whether an activity is exempt from licensure depends on whether it falls within a specific statutory exception, not on the number of units managed.

Georgia license law does not provide a blanket exemption based on the number of units managed. Under O.C.G.A. Title 43, Chapter 40, an exemption from licensure must be based on a specific statutory exception enumerated in the law. The common belief that managing ten or fewer units is automatically exempt is a myth with no basis in the statute.

Answer Options
A
Georgia exempts property managers from licensure if they manage fewer than ten residential units for a single owner.
B
Community association managers are always exempt from licensure because their duties are classified as bookkeeping rather than brokerage.
C
Any person managing property for compensation is exempt from licensure as long as they do not also list properties for sale.
D
Whether an activity is exempt from licensure depends on whether it falls within a specific statutory exception, not on the number of units managed.

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

georgiastate_portionocga_title43_ch40ga_license_law
Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing