What is the exam-ready answer?
| Roadmap lesson | 152 of 500 |
|---|---|
| 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 |
| 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.
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 1Which statement best states the Georgia rule for Property Management in Georgia?
- A. Identify the manager's license or exemption, the management agreement, the specific authority, the type of money, the trust ledger, and any law that limits the owner's instruction.
- B. Property management for compensation never requires a real estate license.
- C. An owner instruction overrides trust-account rules.
- D. One owner's rent may temporarily pay another owner's bill.
Show answer and explanation →
Answer: A. Identify the manager's license or exemption, the management agreement, the specific authority, the type of money, the trust ledger, and any law that limits the owner's instruction.
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 instructs the manager to pay one property's emergency repair from rent held for a different owner and replace it next week.
- A. Ignore the Georgia-specific fact because good intentions control.
- B. Do not cross-use the other owner's funds; obtain proper funding or lawful authority.
- 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. Do not cross-use the other owner's funds; obtain proper funding or lawful authority.
Each owner's funds must remain properly credited. Adequate money must exist in the owner account before the manager pays that owner's bill. 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 Property Management in Georgia, 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. Ask whether the act is authorized, licensed, funded in the correct ledger, and lawful before following the owner's instruction.
- D. A national default, even when the stem identifies a Georgia statute or GREC rule.
Show answer and explanation →
Answer: C. Ask whether the act is authorized, licensed, funded in the correct ledger, and lawful before following the owner's instruction.
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 Landlord-Tenant Rules for Exam Candidates. Continue through the roadmap from lesson 152.
Return to the Real Estate Practice in Georgia hub for the complete official branch and every canonical lesson in this Georgia group.