GA REAL ESTATE EXPRESS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/| latest update 2024/25|

GA REAL ESTATE EXPRESS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - -Torrens System Non-judicial foreclosure is required to foreclose on a - -Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the neighborhood. This broker is guilty of - -Blockbusting What type of agency cannot be revoked by the principal, nor is terminated if the principal dies? - - Agency coupled with an interest Ownership of a property reverted to the grantor of the estate when its usage failed to conform to a stated condition in the grant. What type of estate existed? - -Fee simple defeasible One of the major considerations in a master plan is - -the effect of new development on traffic patterns and the environment A buyer told broker Lena that she wants to move to a Cuban neighborhood. Then the buyer asked if Lena could show her the best home in a Cuban area. How should Lena respond to this request? - -Lena should explain to the buyer that she ethically and legally cannot recommend housing based on national origin In the appraisal process, looking at the number of recreational facilities, the distances to schools and adequacy of public transportation is called - -Neighborhood analysis Which of the following would be considered community property in a community property state? - - A car the spouses bought together after the marriage The size of jurisdiction's tax base is derived by - -subtracting exemptions from assessed values. Given the net income of a property, the appraiser can determine an opinion of the value for that property by - -dividing by the rate of capitalization A cooperative is - -a type of residential property. When the agency relationship has been terminated, the licensee is no longer considered the principal's agent and does not owe any further duties to the principal except for - -accounting and confidentiality Homeowner Louise has been lax in protecting her property rights. According to the ___________, Louise may lose those property rights. - -Doctrine of Laches If a cooperative corporation cannot pay its bills, what would happen? - -The corporation owning the property would be dissolved, and all of the residents could lose their interest in the cooperative. Jordan has a month-to-month lease with landlord Greg. What type of lease did Jordan sign? - -Estate from period-to-period A property has a Gross Income Multiplier of 14, and value of $800,000. What is its annual income? - - $57,143 What are the primary advantages of PEX piping? - -PEX piping is able to withstand both high and low temperatures and it is highly resistant to che