GA REAL ESTATE EXAM PREP Exam | 102 Questions and Answers(A+ Solution guide)

How often *must* you take continuing education? - *Every 4 years*. In Georgia, which of the following is *NOT* a cost or expense of owning a home? - Taxes on *personal property*. A *Broker's*, license fee costs how much? - *$170* All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special Assessments, Statutory Right of Redemption, Equitable Right of Redemption - *Statutory Right of Redemption* Which of the following statements about a *Management Agreement* is *FALSE*? - *It is FALSE that*: it requires the Property Manager to work diligently to maximize the Licensee's rate of return. An item of *Functional Obsolescence* is considered *incurable* if the: - cost to repair is more than the value it ads. What is *TRUE* about an *Associate Broker* in Georgia? - Both A&B: *A*. An Associate Broker may perform any real estate brokerage act that requires a license. *B*. An Associate Broker acts on behalf of a Broker. The squared or rectangles used in Georgia legal description are: - *Land Lots* and *Districts*. Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? - Georgia allows *Joint Tenancy.* How many hours of continuing education are required to renew a 4 year real estate *Salespersons*, license? - 24 What is *Homestead Protection*? - The status provided to a homeowner's principal residence that *protects the home against judgement*, up to a specified amount.