GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+. VERIFIED.| latest update 2024/25|

GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+. VERIFIED. Appurtenant Easement - -The permanent right to use another's land. Easements for adjacent properties or neighbors, which run with the land. Most protection. Abstract of Title - -A history of All recorded instruments Affecting the title to a piece of land. Statute of Frauds - -A state statute under which certain types of contracts must be in writing to be enforceable. Statute of Limitations - -A federal or state statute setting the maximum time period during which a certain action can be brought or certain rights enforced. Radon - -A naturally occurring gas that is suspected of causing lung cancer. Encumbrance - -A claim or liability that attaches to a property. Lis Pendens - -Latin for "litigation pending," which will help you to remember that while a lis pendens isn't a lien, it is notice that litigation (a possible lien) is pending. Cloud on Title - -A claim or interest revealed by a title search. Balloon Payment - -A final payment of a mortgage loan that is considerably larger than the required periodic payments because the loan amount was not fully amortized. Alienation Payment - -Lender can make the debt due, or allow the buyer to assume the loan on the sale of a property. Easement in Gross - -Is not created for the benefit of the land owned by the owner of the easement, but that ATTACHES PERSONALLY TO THE EASEMENT OWNER.