What is the exam-ready answer?
| Roadmap lesson | 148 of 500 |
|---|---|
| Official syllabus topic | Real Estate Practice in Georgia: Listings and Agency |
| Official PSI group | Real Estate Practice in Georgia |
| Published group count | 21 of the 52 Georgia questions |
| Exam portion | Georgia salesperson supplement |
| Source edition | PSI Georgia Candidate Information Bulletin dated July 1, 2026 |
| Law checked through | August 2, 2026 |
| Last verified | August 2, 2026 |
The Rule
PSI publishes 16, 21, and 15 items for the three Georgia groups. It does not publish a guaranteed subtopic count. The statute, current GREC rule, contract, or other cited primary authority controls each lesson.
Complete lesson
Read these concepts as one Georgia decision system. A plausible national rule can still be the wrong answer when the stem supplies a Georgia statute, instrument, role, or procedure.
Exclusive right to sell
The broker generally earns the stated compensation if the property sells during the term, subject to the agreement's exceptions and conditions.
Exclusive agency
The broker is exclusive, but the agreement may reserve the owner's right to sell without owing the listing broker under defined conditions.
Open listing
Multiple brokers may seek a buyer, and the procuring-cause and agreement facts determine who earns compensation.
Net listing risk
A net arrangement can put the broker's interest against the seller's and should be analyzed under disclosure, conflict, fairness, and unfair-practice rules.
Decision rule
Georgia rule and national contrast
Worked Georgia example
Scenario. An owner signs an exclusive-agency listing that expressly reserves an owner-sale exception, then finds a buyer without broker assistance during the term.
Reason it through. The answer depends on the written owner-sale exception, not the label exclusive alone. An exclusive-right-to-sell listing would usually allocate the risk differently.
Answer. Apply the agreement's owner-sale exception before concluding that commission is due.
Common exam traps
- Confusing exclusive agency with exclusive right to sell
- Ignoring the owner exception
- Assuming a listing belongs to the salesperson
- Treating a net listing as harmless
Original practice questions with detailed explanations
These are original instructional questions mapped to the July 1, 2026 PSI outline. They are not copied from PSI or a live examination. Choose an answer before opening the explanation.
Question 1Which statement best states the Georgia rule for Georgia Listing Agreements?
- A. Identify which listing type creates the commission claim, who produced the buyer, whether the agreement was in force, and whether a protection or termination clause applies.
- B. Every exclusive listing guarantees compensation on identical terms.
- C. A listing engagement is owned personally by the affiliated salesperson.
- D. Net listings create no conflict when the seller signs them.
Show answer and explanation →
Answer: A. Identify which listing type creates the commission claim, who produced the buyer, whether the agreement was in force, and whether a protection or termination clause applies.
The correct choice states the controlling rule. The other choices either remove a required element, replace Georgia authority with a generic assumption, or expand an exception beyond the cited source.
Question 2An owner signs an exclusive-agency listing that expressly reserves an owner-sale exception, then finds a buyer without broker assistance during the term.
- A. Ignore the Georgia-specific fact because good intentions control.
- B. Apply the agreement's owner-sale exception before concluding that commission is due.
- C. Apply the nearest national rule without checking Georgia authority.
- D. Let the participant with the strongest preference decide without following the required process.
Show answer and explanation →
Answer: B. Apply the agreement's owner-sale exception before concluding that commission is due.
The answer depends on the written owner-sale exception, not the label exclusive alone. An exclusive-right-to-sell listing would usually allocate the risk differently. The correct option follows that reasoning. The distractors ignore the controlling Georgia source, substitute intent for procedure, or give decision-making authority to the wrong person.
Question 3When solving Georgia Listing Agreements, what should a candidate identify first?
- A. The answer choice that sounds most ethical, without classifying the actor or document.
- B. One familiar deadline, applied to every Georgia transaction regardless of the source.
- C. Read the compensation trigger, term, owner exception, protection period, agency disclosure, and termination clause before deciding who is owed what.
- D. A national default, even when the stem identifies a Georgia statute or GREC rule.
Show answer and explanation →
Answer: C. Read the compensation trigger, term, owner exception, protection period, agency disclosure, and termination clause before deciding who is owed what.
The decision rule identifies the facts that control this topic. The other choices reward tone, a memorized number, or a national default while skipping the Georgia actor, document, authority, or procedure.
Mastery tracking
Mark this Georgia lesson mastered only when every statement is true.
- State the direct answer and decision rule without notes.
- Explain all four concepts and identify the controlling Georgia source.
- Solve the worked example after changing one important fact.
- Reject every listed trap and explain what makes it tempting.
- Answer all three original questions correctly and explain every distractor.
- Repeat this topic in mixed Georgia practice on a later day.
Recommended next lesson
Continue with Georgia Buyer Brokerage and Tenant Representation Agreements. Continue through the roadmap from lesson 148.
Return to the Real Estate Practice in Georgia hub for the complete official branch and every canonical lesson in this Georgia group.