GA Real Estate Questions and
Answers | 100% Correct Answer |
Grade A+
Leisure property
Ans: Includes hotels motels golf courses resorts sporting arenas movie theaters and
restaurants (Requires hands on management)
industrial property rights
Ans: Includes heavy or light manufacturing warehouse and distribution. Clear height is a key
consideration
Healthcare properties
Ans: Includes doctors offices urgent care clinics hospitals require a specialized outfitting
Office buildings
Ans: Includes Class A, B or C; may be high rise or low rise
four elements of a legally valid contract
,Ans: 1. Competent parties
2. Mutual agreement (offer and acceptance)
3. Lawful objective
4. Consideration
Statute of Frauds
Ans: Dictates that all contracts must be in writing
four elements of a legally valid contract
Ans: 1. Competent parties
2. Mutual agreement (offer and acceptance)
3. Lawful objective
4. Consideration
Statute of Frauds
Ans: Dictates that all contracts must be in writing
Retail Properties
Ans: Includes store fronts, shopping centers, malls
,Residential properties
Ans: Properties design for dwelling
Commercial properties
Ans: Property is designed for commerce And profit
Specialty properties
Ans: Includes mixed-use, planned-unit development and transit-oriented development
mixed-use development
Ans: development that combines housing and businesses in a single building
Planned Unit Development (PUD)
Ans: A high density project with mixed zoning (e.g. retail or residential healthcare etc.)
Transit-oriented development (TOD)
Ans: development focused around a transportation hub
Class A office building
, Ans: These buildings have high-quality standard finishes state of the art systems exceptional
accessibility and a definite market presence
Class B office building
Ans: These buildings have adequate systems and finishes that are fair to good for the area
Class C office building
Ans: These buildings are aimed at tenants requiring functional space at below average rents
for the area
Farm broker
Ans: Deals already buying and selling farms. Farms can range from small family farm to a
corporate farm and thousands of acres. Hornberger must be well-versed in all six of
agriculture as well as state and federal taxes including those related to farm subsidies
Rights of owning farmland
Ans: Mineral rights, water right, development right, surface rights, subsurface rights, oil and
gas rights.
Government owned real estate
Answers | 100% Correct Answer |
Grade A+
Leisure property
Ans: Includes hotels motels golf courses resorts sporting arenas movie theaters and
restaurants (Requires hands on management)
industrial property rights
Ans: Includes heavy or light manufacturing warehouse and distribution. Clear height is a key
consideration
Healthcare properties
Ans: Includes doctors offices urgent care clinics hospitals require a specialized outfitting
Office buildings
Ans: Includes Class A, B or C; may be high rise or low rise
four elements of a legally valid contract
,Ans: 1. Competent parties
2. Mutual agreement (offer and acceptance)
3. Lawful objective
4. Consideration
Statute of Frauds
Ans: Dictates that all contracts must be in writing
four elements of a legally valid contract
Ans: 1. Competent parties
2. Mutual agreement (offer and acceptance)
3. Lawful objective
4. Consideration
Statute of Frauds
Ans: Dictates that all contracts must be in writing
Retail Properties
Ans: Includes store fronts, shopping centers, malls
,Residential properties
Ans: Properties design for dwelling
Commercial properties
Ans: Property is designed for commerce And profit
Specialty properties
Ans: Includes mixed-use, planned-unit development and transit-oriented development
mixed-use development
Ans: development that combines housing and businesses in a single building
Planned Unit Development (PUD)
Ans: A high density project with mixed zoning (e.g. retail or residential healthcare etc.)
Transit-oriented development (TOD)
Ans: development focused around a transportation hub
Class A office building
, Ans: These buildings have high-quality standard finishes state of the art systems exceptional
accessibility and a definite market presence
Class B office building
Ans: These buildings have adequate systems and finishes that are fair to good for the area
Class C office building
Ans: These buildings are aimed at tenants requiring functional space at below average rents
for the area
Farm broker
Ans: Deals already buying and selling farms. Farms can range from small family farm to a
corporate farm and thousands of acres. Hornberger must be well-versed in all six of
agriculture as well as state and federal taxes including those related to farm subsidies
Rights of owning farmland
Ans: Mineral rights, water right, development right, surface rights, subsurface rights, oil and
gas rights.
Government owned real estate
