Georgia Real Estate EXAM STUDY GUIDE
2026/2027 COMPLETE QUESTIONS WITH
VERIFIED CORRECT ANSWERS ||
100% GUARANTEED PASS
<NEWEST VERSION>
1. People who sell real estate for others.... - ANSWER ✔ must be licensed in
order to collect compensation
2. who can be licensed as a real estate broker? - ANSWER ✔ a corporation, a
partnership, an actual person
3. what is not a real estate license catergory - ANSWER ✔ attorney in fact
4. a real estate listing is a contract between - ANSWER ✔ the owner and the
listing broker
5. the ultimate responsibility foramistake in a document prepared by a real
estate salesperson rests - ANSWER ✔ upon the employing broker
6. continuing education requirements exist for the purpose of - ANSWER ✔
requiring licenses to stay up to date in their field
7. before being granted an original salesperson's license, an applicant must -
ANSWER ✔ pass the eximination for salesperson licensure, name the
, broker with whom the applicant will be associated, complete any state
mandated education requirements
8. in a 210,000 sale with a 95% conventional loan, how much is the intangible
tax? - ANSWER ✔ $598.50(210,000*95%=199,500/500=399*1.50=598.50)
9. how much is the interest adjustment on a $175,400 loan at 6.25% with May
13 closing date? - ANSWER ✔
$395.87(175,400*6.25%=10,962.50/360=30.4514*13=395.87)
10.if aproperty sold for $185,000, the seller had an existing loan with a balance
of $127,587 at 7%, and the buyer was getting a 90% conventional loan at
8% what is the accrued interest if the closing takes place on february 24 -
ANSWER ✔ $595.41(127,587*7%=8,931.09/360=24.8086*24=595.41)
11.if homeowner's insurance was paid on september 15 and the closing takes
place on june 3, what is true of the insurance pro-ration - ANSWER ✔ the
seller is credited
12.if a lender has a policy of charging a PMI of 1.0% on 95% L/V ratio and .6%
on 90% is $265,700 and the loan is $240,500 - ANSWER ✔ $2,405. as we
have explained in class the minimum 90% loan would be $239,100. this tell
us the loan amount in question is not a 90% loan so it must be considered as
a 95% loan. using the information provided in question we multiply the loan
amount times the PMI charge for a 95% loan. (240,500*1%=2,405)
13.RESPA does not - ANSWER ✔ set interest rates
,14.RESPA does - ANSWER ✔ prohibit the seller from requiring that the buyer
purchase title insurance from a particular title company
15.Industrial real estate includes - ANSWER ✔ warehouses, factories, land in
industrial districts, and power plants.
16.Mixed-use real estate is property that allows for - ANSWER ✔ two uses,
commercial and residential, in the same building.
17.Schools are considered part of which real estate classification? - ANSWER
✔ Special purpose
18.All of the following would affect demand EXCEPT - ANSWER ✔ fiscal
policy
19.A real estate professional who performs a visual survey of a property's
structure and prepares a report for a purchaser or an owner is a(n) -
ANSWER ✔ home inspector
20.A licensee who helps clients choose among the various alternatives involved
in purchasing, using, or investing in property is a - ANSWER ✔ real estate
counselor
21.The Counselors of Real Estate (CRE), Commercial Investment Real Estate
Institute (CIREI), and Institute of Real Estate Management (IREM) are
affiliated institutes of - ANSWER ✔ NAR
, 22.The scope of the property manager's work depends on the terms of the
individual employment contract, which is known as - ANSWER ✔
management agreement
23.Many trade organizations serve the real estate business. The largest is the -
ANSWER ✔ National Association of REALTORS® (NAR).
24.Georgia licensee Greg and buyer Sandra's exclusive buyer agency agreement
was set to expire on March 1. On Feb 10, Sandra signed a contract with a
seller, but it fell through 10 days later due to a home inspection issue. What's
the termination date of Greg and Sandra's buyer agency agreement? -
ANSWER ✔ Greg and Sandra's buyer agency agreement is extended to
accommodate the 10 days they were under contract, so the new expiration
date is March 11.
25.Mel, a Georgia real estate salesperson, recently declined to represent a
Serbian couple who recently moved to Atlanta. He feels they require more
detailed explanations of real estate transactions. In what way is Mel
violating the unfair trade practices law?
Mel is acting outside the scope of his license.
Mel is being dishonest.
Mel is discriminating.
Mel is showing a conflict of interest. - ANSWER ✔ Mel is discriminating
against members of a protected class: national origin.
26.A due-on-sale clause is also known as a(n) ______ clause.
Acceleration
Alienation
Exculpatory
2026/2027 COMPLETE QUESTIONS WITH
VERIFIED CORRECT ANSWERS ||
100% GUARANTEED PASS
<NEWEST VERSION>
1. People who sell real estate for others.... - ANSWER ✔ must be licensed in
order to collect compensation
2. who can be licensed as a real estate broker? - ANSWER ✔ a corporation, a
partnership, an actual person
3. what is not a real estate license catergory - ANSWER ✔ attorney in fact
4. a real estate listing is a contract between - ANSWER ✔ the owner and the
listing broker
5. the ultimate responsibility foramistake in a document prepared by a real
estate salesperson rests - ANSWER ✔ upon the employing broker
6. continuing education requirements exist for the purpose of - ANSWER ✔
requiring licenses to stay up to date in their field
7. before being granted an original salesperson's license, an applicant must -
ANSWER ✔ pass the eximination for salesperson licensure, name the
, broker with whom the applicant will be associated, complete any state
mandated education requirements
8. in a 210,000 sale with a 95% conventional loan, how much is the intangible
tax? - ANSWER ✔ $598.50(210,000*95%=199,500/500=399*1.50=598.50)
9. how much is the interest adjustment on a $175,400 loan at 6.25% with May
13 closing date? - ANSWER ✔
$395.87(175,400*6.25%=10,962.50/360=30.4514*13=395.87)
10.if aproperty sold for $185,000, the seller had an existing loan with a balance
of $127,587 at 7%, and the buyer was getting a 90% conventional loan at
8% what is the accrued interest if the closing takes place on february 24 -
ANSWER ✔ $595.41(127,587*7%=8,931.09/360=24.8086*24=595.41)
11.if homeowner's insurance was paid on september 15 and the closing takes
place on june 3, what is true of the insurance pro-ration - ANSWER ✔ the
seller is credited
12.if a lender has a policy of charging a PMI of 1.0% on 95% L/V ratio and .6%
on 90% is $265,700 and the loan is $240,500 - ANSWER ✔ $2,405. as we
have explained in class the minimum 90% loan would be $239,100. this tell
us the loan amount in question is not a 90% loan so it must be considered as
a 95% loan. using the information provided in question we multiply the loan
amount times the PMI charge for a 95% loan. (240,500*1%=2,405)
13.RESPA does not - ANSWER ✔ set interest rates
,14.RESPA does - ANSWER ✔ prohibit the seller from requiring that the buyer
purchase title insurance from a particular title company
15.Industrial real estate includes - ANSWER ✔ warehouses, factories, land in
industrial districts, and power plants.
16.Mixed-use real estate is property that allows for - ANSWER ✔ two uses,
commercial and residential, in the same building.
17.Schools are considered part of which real estate classification? - ANSWER
✔ Special purpose
18.All of the following would affect demand EXCEPT - ANSWER ✔ fiscal
policy
19.A real estate professional who performs a visual survey of a property's
structure and prepares a report for a purchaser or an owner is a(n) -
ANSWER ✔ home inspector
20.A licensee who helps clients choose among the various alternatives involved
in purchasing, using, or investing in property is a - ANSWER ✔ real estate
counselor
21.The Counselors of Real Estate (CRE), Commercial Investment Real Estate
Institute (CIREI), and Institute of Real Estate Management (IREM) are
affiliated institutes of - ANSWER ✔ NAR
, 22.The scope of the property manager's work depends on the terms of the
individual employment contract, which is known as - ANSWER ✔
management agreement
23.Many trade organizations serve the real estate business. The largest is the -
ANSWER ✔ National Association of REALTORS® (NAR).
24.Georgia licensee Greg and buyer Sandra's exclusive buyer agency agreement
was set to expire on March 1. On Feb 10, Sandra signed a contract with a
seller, but it fell through 10 days later due to a home inspection issue. What's
the termination date of Greg and Sandra's buyer agency agreement? -
ANSWER ✔ Greg and Sandra's buyer agency agreement is extended to
accommodate the 10 days they were under contract, so the new expiration
date is March 11.
25.Mel, a Georgia real estate salesperson, recently declined to represent a
Serbian couple who recently moved to Atlanta. He feels they require more
detailed explanations of real estate transactions. In what way is Mel
violating the unfair trade practices law?
Mel is acting outside the scope of his license.
Mel is being dishonest.
Mel is discriminating.
Mel is showing a conflict of interest. - ANSWER ✔ Mel is discriminating
against members of a protected class: national origin.
26.A due-on-sale clause is also known as a(n) ______ clause.
Acceleration
Alienation
Exculpatory
