What is the exam-ready answer?
| Official syllabus topic | Real Estate Practice in Georgia: Property Management |
|---|---|
| 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 |
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.
The lesson
Georgia questions reward the Georgia rule. A national rule that sounds right can still be the wrong answer when the question names a Georgia statute, document, role or procedure.
Licensed activity
Marketing and leasing for owners, negotiating terms, collecting rents, and managing property for compensation generally fall within brokerage.
Management agreement
The agreement sets property scope, services, spending authority, reporting, compensation, insurance, term, and termination.
Funds
Rents, security deposits, owner reserves, and association funds must be identified to the correct owner or tenant and cannot be used for another account.
Multiple legal layers
An owner's instruction cannot override fair housing, habitability, security-deposit, eviction, trust-account, or license-law requirements.
Decision rule
Georgia rule and national contrast
Worked Georgia example
Scenario. An owner instructs the manager to pay one property's emergency repair from rent held for a different owner and replace it next week.
Reason it through. Each owner's funds must remain properly credited. Adequate money must exist in the owner account before the manager pays that owner's bill.
Answer. Do not cross-use the other owner's funds; obtain proper funding or lawful authority.
Common exam traps
- Following an unlawful owner instruction
- Mixing owner ledgers
- Assuming property management is unlicensed
- Treating security deposits as operating cash
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 1An owner tells the property manager to pay an emergency repair on the owner's duplex with rent held for a different owner and to replace it next week. What should the manager do?
- A. Pay it, since the owner promised to replace the money.
- B. Refuse to use the other owner's funds and seek proper funding.
- C. Pay it, as long as both owners' ledgers are fixed by month end.
- D. Pay it out of the duplex tenants' security deposits instead.
Show answer and explanation →
Answer: B. Refuse to use the other owner's funds and seek proper funding.
Each owner's funds must stay credited to that owner, and a bill is paid only when that owner's account holds enough money. Using another owner's rent, even briefly, misapplies trust funds. The promise to repay is the plausible trap, because intent to restore money does not make the transfer lawful.
Question 2A person with no real estate license manages rental homes for several unrelated owners, finding tenants, negotiating leases and collecting rent for a percentage fee. No exemption applies. What is the problem?
- A. Managing property for others for a fee is licensed activity.
- B. There is none, since leasing is not covered by license law.
- C. There is none, as long as each owner signed an agreement.
- D. Only the rent collection needs a license, not the leasing.
Show answer and explanation →
Answer: A. Managing property for others for a fee is licensed activity.
Georgia license law treats property management for others for compensation as brokerage activity unless an exemption applies. Finding tenants, negotiating leases and collecting rent all fall within it. A signed management agreement is required for licensed managers, but it cannot replace the license.
Question 3An owner tells the property manager not to rent to families with children. The property is not exempt from fair housing law. What should the manager do?
- A. Follow it, because the manager must obey the owner.
- B. Follow it only if the owner puts the instruction in writing.
- C. Refuse, because the instruction violates fair housing law.
- D. Follow it, but only for the units on the upper floors.
Show answer and explanation →
Answer: C. Refuse, because the instruction violates fair housing law.
Familial status is a protected class under federal fair housing law, and an owner's instruction cannot override it. The manager must decline the instruction. Putting it in writing is wrong because a written instruction to discriminate is still unlawful.
Ready to move on?
You are ready for the next lesson when all of these are true.
- Explain Property Management in Georgia in one clear answer without notes.
- Separate Licensed activity from Management agreement using a fresh example.
- Apply the decision rule to a new fact pattern and name the fact that controls the result.
- State the Georgia-specific point or explain why the national rule applies unchanged.
- Answer every practice question and explain the rule each rejected option misapplies.
- Revisit this topic later in mixed practice without category labels.
Recommended next lesson
Continue with Georgia Landlord-Tenant Rules for Exam Candidates. The landlord-tenant lesson covers the Georgia rules a manager must follow alongside the owner's instructions, including the 60-day and 30-day tenancy-at-will notices, the two-month deposit cap and the court-only eviction process.
Return to the Real Estate Practice in Georgia hub for the complete official branch and the full lesson list for this Georgia group.