ACEABLE FINAL EXAM STUDY TERMS (GA) EXAM
LATEST (2025) COMPLETE QUESTIONS With 100%
Verified Solutions
what is one way a co-op sales contract differs from the sales contract for a single-
family home? - (ANSWER)the co-op sales contract includes a section detailing
what the buyer must do it they hope to gains the corporations board approval
(One of the most important differences is that purchasing cooperative shares
requires the approval of the corporation. So the co-op sales contract includes a
section detailing what the buyer must do if they hope to gain the corporation's
approval (usually called "board approval").
are applied in real-world scenarios. Group discussions and practicing sample case studies can aid in refining analytical skills.________________________________________2. Law Exams2.1. Overview of Law EducationLaw
education provides students with the knowledge of legal principles
which of the following BEST defines a circumstance requiring a real estate
license? - (ANSWER)performing a real estate act for another party with the intent
to receive compensation (Performing a real estate act for another party with the
intent to receive compensation best defines the real estate license requirement.)
What is the MOST COMMON clause in listing agreements? - (ANSWER)sign
posting clause
which document provides a detailed list of each partys expenses at closing? -
(ANSWER)the closing disclosure
how is debt service ratio calculated? - (ANSWER)by dividing net operating income
by total debt service
What is NOT NEEDED when prorating an expense? - (ANSWER)real estate transfer
amount (usually paid by seller)
, what mortgage is short-term and paid out in draws? - (ANSWER)construction
mortgage (lender pays funds to borrower in installments, called draws, as the
construction progress)
Molly wants to buy a property downtown so she will be closer to the local
nightlife and have a shorter work commute. Her interest in a property is greatly
influenced by the economic significance of the property's location. What is Molly
influenced by? - (ANSWER)Situs (economic significance of a propertys location)
Seller Jordan chooses to not disclose an easement on his property and the buyer
never asks about it. What is this an example of? - (ANSWER)Silent fraud
Agent Laura completed a CMA on a property her client was interested in making
an offer on. What kind of value was Laura attempting to determine? -
(ANSWER)Market Value (CMA = comparative market analysis)
are applied in real-world scenarios. Group discussions and practicing sample case studies can aid in refining analytical skills.________________________________________2. Law Exams2.1. Overview of Law EducationLaw
education provides students with the knowledge of legal principles
what does "vicarious liability" mean? - (ANSWER)broker is responsible for their
licensees actions or omissions
what is easement by condemnation? - (ANSWER)easement in which property is
taken via eminent domain and serves as a declaration that a structure must be
closed because it's unfit for occupants (An easement by condemnation is an
easement in which private property is taken for public use via eminent domain. It
serves as a declaration that a structure must be closed or demolished because it is
unfit for occupants.)
LATEST (2025) COMPLETE QUESTIONS With 100%
Verified Solutions
what is one way a co-op sales contract differs from the sales contract for a single-
family home? - (ANSWER)the co-op sales contract includes a section detailing
what the buyer must do it they hope to gains the corporations board approval
(One of the most important differences is that purchasing cooperative shares
requires the approval of the corporation. So the co-op sales contract includes a
section detailing what the buyer must do if they hope to gain the corporation's
approval (usually called "board approval").
are applied in real-world scenarios. Group discussions and practicing sample case studies can aid in refining analytical skills.________________________________________2. Law Exams2.1. Overview of Law EducationLaw
education provides students with the knowledge of legal principles
which of the following BEST defines a circumstance requiring a real estate
license? - (ANSWER)performing a real estate act for another party with the intent
to receive compensation (Performing a real estate act for another party with the
intent to receive compensation best defines the real estate license requirement.)
What is the MOST COMMON clause in listing agreements? - (ANSWER)sign
posting clause
which document provides a detailed list of each partys expenses at closing? -
(ANSWER)the closing disclosure
how is debt service ratio calculated? - (ANSWER)by dividing net operating income
by total debt service
What is NOT NEEDED when prorating an expense? - (ANSWER)real estate transfer
amount (usually paid by seller)
, what mortgage is short-term and paid out in draws? - (ANSWER)construction
mortgage (lender pays funds to borrower in installments, called draws, as the
construction progress)
Molly wants to buy a property downtown so she will be closer to the local
nightlife and have a shorter work commute. Her interest in a property is greatly
influenced by the economic significance of the property's location. What is Molly
influenced by? - (ANSWER)Situs (economic significance of a propertys location)
Seller Jordan chooses to not disclose an easement on his property and the buyer
never asks about it. What is this an example of? - (ANSWER)Silent fraud
Agent Laura completed a CMA on a property her client was interested in making
an offer on. What kind of value was Laura attempting to determine? -
(ANSWER)Market Value (CMA = comparative market analysis)
are applied in real-world scenarios. Group discussions and practicing sample case studies can aid in refining analytical skills.________________________________________2. Law Exams2.1. Overview of Law EducationLaw
education provides students with the knowledge of legal principles
what does "vicarious liability" mean? - (ANSWER)broker is responsible for their
licensees actions or omissions
what is easement by condemnation? - (ANSWER)easement in which property is
taken via eminent domain and serves as a declaration that a structure must be
closed because it's unfit for occupants (An easement by condemnation is an
easement in which private property is taken for public use via eminent domain. It
serves as a declaration that a structure must be closed or demolished because it is
unfit for occupants.)
