GEORGIA (GA) REAL ESTATE EXAM 2025
STUDY GUIDE WITH COMPLETE SOLUTIONS
100% Commission Plan - ANSWER-A method of compensating
salespeople where each salesperson pays the broker a monthly fee for
the use of office space, support services, and the broker's name, and in
return, the salesperson keeps 100% of the commission.
43560 - ANSWER-The number of squarefeet in one acre.
Absolute Delivery - ANSWER-A grantor's hand delivery of a deed to the grantee.
Abstract of Title - ANSWER-A condensed history of all conveyances, liens,
encumbrances, judgments, and other court decisions affecting the property.
Acceptable Buyer - ANSWER-A buyer whose offer is acceptable to the
seller, though different from the terms in the brokers' listing agreements.
Accession - ANSWER-The acquisition of title by the owner of real property to those
things attached to the property by others, such as tenants, trespassers, or by nature.
Accretion - ANSWER-The gradual addition to land resulting from some natural force,
such as the action of water or wind. The two processes of accretion are alluvion and
dereliction.
Acknowledgement - ANSWER-A formal declaration made by the grantor in the
presence of an authorized official, usually a notary public, that the deed was signed
voluntarily. The purpose is to prevent forgery and the fraudulent inducement of a
conveyance. Required in most states for recording but has no effect on validity.
Acre - ANSWER-A measure of land area equal to 43560 square feet.
Action to Quiet Title - ANSWER-A court action to settle a title dispute or clear a title of
defects.
Active License - ANSWER-Status of an individual who has met all qualifications to
practice real estate as a broker, associate broker, or salesperson; and such license is
held by a broker, rather than by the Commission.
Actual Agency - ANSWER-An agency established by agreement, either
written or verbal.
Actual Notice - ANSWER-Knowledge that one acquires from what is heard, read or
observed.
,Ad Valorem Tax - ANSWER-A tax assessed against real property based upon its value.
Revenue from such taxes is used to pay for the general operational expenses of the
taxing authority.
Administrative Law - ANSWER-The laws that are passed by elected legislatures.
Administrator - ANSWER-A person appointed by a probate court to oversee distribution
of property and to satisfy all debts out of the assets of the estate of a person who died
without leaving a valid will or did not name an executor.
Administrator's Deed - ANSWER-A deed executed by an administrator to convey title to
real property owned by a person who died intestate or did not name an executor.
Adverse Possession - ANSWER-A method of acquiring title to real property by the
unauthorized occupation of another person's land. Must be actual, hostile, open,
notorious, exclusive, and continuous for a period of time required by state law.
After Acquired Title, Doctrine of - ANSWER-A principle of law which enables a prior
grantee to automatically acquire title to real estate after a
grantor has attempted to convey title but, in fact, did not have good title.
Agency - ANSWER-_______ as defined under "BRRETA" means every
relationship in which a real estate broker acts for or represents another
by that person's express authority in a real estate transaction.
Agency Coupled with an Interest - ANSWER-An agency in which the agent
has a legal interest in the property of the principal. Cannot be revoked
by the principal.
Agent - ANSWER-A person authorized to act on behalf of another.
Air Lot - ANSWER-A designated air space over a parcel of land. In condominiums, each
individual unit occupies a separate one.
Air Rights - ANSWER-The right to use and enjoy the air space above a parcel of land.
Such rights may be leased or sold separately from the land.
Allodial System - ANSWER-A system of land ownership which recognizes the right of
individuals to own land independently of political superiors, but allows the government
to retain the rights of eminent domain, police power, taxation and escheat.
Alluvion - ANSWER-A form of accretion where soil is gradually accumulated on land
bounded by a river, lake, or other body of water as a result of action of the water.
Alluvium - ANSWER-Soil accumulated by the process of alluvion.
, American Land Title Association - ANSWER-American Land Title Association. An
organization of title insurance companies, title attorneys, and others interested in land
titles whose purpose is to promote professional standards and ethics
throughout its industry.
Appropriation - ANSWER-The formal legislative enactment of how a taxing authority
intends to acquire funds through taxation, along with a detailed account of how the
money is intended to be used.
Appurtenance - ANSWER-Anything that may be used with the land for its benefit and
goes to the new owner when ownership of the land is transferred. Mineral rights, air
rights, water rights, easements, improvements, and natural attachments are examples.
Artificial Monuments - ANSWER-Man-made objects such as streets, fences, iron pins,
concrete posts, etc.
As is - ANSWER-A term used to describe property offered for sale in its
present condition with no warranty provided by the owner. It does not
confer immunity from liability of fraud.
Assessed Rate - ANSWER-Percentage which, when multiplied times market value,
determines assessed value.
Assessed Value - ANSWER-An amount used for tax purposes and arrived at by
multiplying a fixed percentage times the property's fair market value. The percentage is
predetermined by the taxing authority and in some cases by state law.
Assessment Roll - ANSWER-A record of all taxable properties in a taxing jurisdiction,
along with their assessed value. Also called Tax Base.
Associate Broker - ANSWER-A person who has met all qualifications to be licensed as
a broker, but who elects to act on behalf of another broker in performing any act
authorized by law to be performed by a broker.
Attachment Lien - ANSWER-An encumbrance created against land when the court is
granted custody of the property to prevent the owner from conveying title while a suit for
damages is being decided. By attaching the property the person seeking damages is
assured that the property will be available to satisfy a judgement if it is awarded by the
court.
Attestation - ANSWER-The act of witnessing a person's signing a document, such as a
deed or will, and then signing the document as a witness.
Attorney General - ANSWER-Legal counsel for the state. Whenever the Commission
believes a serious violation of the License Law has occurred, the ____________ may
bring an action in the name of the state to enforce compliance.
STUDY GUIDE WITH COMPLETE SOLUTIONS
100% Commission Plan - ANSWER-A method of compensating
salespeople where each salesperson pays the broker a monthly fee for
the use of office space, support services, and the broker's name, and in
return, the salesperson keeps 100% of the commission.
43560 - ANSWER-The number of squarefeet in one acre.
Absolute Delivery - ANSWER-A grantor's hand delivery of a deed to the grantee.
Abstract of Title - ANSWER-A condensed history of all conveyances, liens,
encumbrances, judgments, and other court decisions affecting the property.
Acceptable Buyer - ANSWER-A buyer whose offer is acceptable to the
seller, though different from the terms in the brokers' listing agreements.
Accession - ANSWER-The acquisition of title by the owner of real property to those
things attached to the property by others, such as tenants, trespassers, or by nature.
Accretion - ANSWER-The gradual addition to land resulting from some natural force,
such as the action of water or wind. The two processes of accretion are alluvion and
dereliction.
Acknowledgement - ANSWER-A formal declaration made by the grantor in the
presence of an authorized official, usually a notary public, that the deed was signed
voluntarily. The purpose is to prevent forgery and the fraudulent inducement of a
conveyance. Required in most states for recording but has no effect on validity.
Acre - ANSWER-A measure of land area equal to 43560 square feet.
Action to Quiet Title - ANSWER-A court action to settle a title dispute or clear a title of
defects.
Active License - ANSWER-Status of an individual who has met all qualifications to
practice real estate as a broker, associate broker, or salesperson; and such license is
held by a broker, rather than by the Commission.
Actual Agency - ANSWER-An agency established by agreement, either
written or verbal.
Actual Notice - ANSWER-Knowledge that one acquires from what is heard, read or
observed.
,Ad Valorem Tax - ANSWER-A tax assessed against real property based upon its value.
Revenue from such taxes is used to pay for the general operational expenses of the
taxing authority.
Administrative Law - ANSWER-The laws that are passed by elected legislatures.
Administrator - ANSWER-A person appointed by a probate court to oversee distribution
of property and to satisfy all debts out of the assets of the estate of a person who died
without leaving a valid will or did not name an executor.
Administrator's Deed - ANSWER-A deed executed by an administrator to convey title to
real property owned by a person who died intestate or did not name an executor.
Adverse Possession - ANSWER-A method of acquiring title to real property by the
unauthorized occupation of another person's land. Must be actual, hostile, open,
notorious, exclusive, and continuous for a period of time required by state law.
After Acquired Title, Doctrine of - ANSWER-A principle of law which enables a prior
grantee to automatically acquire title to real estate after a
grantor has attempted to convey title but, in fact, did not have good title.
Agency - ANSWER-_______ as defined under "BRRETA" means every
relationship in which a real estate broker acts for or represents another
by that person's express authority in a real estate transaction.
Agency Coupled with an Interest - ANSWER-An agency in which the agent
has a legal interest in the property of the principal. Cannot be revoked
by the principal.
Agent - ANSWER-A person authorized to act on behalf of another.
Air Lot - ANSWER-A designated air space over a parcel of land. In condominiums, each
individual unit occupies a separate one.
Air Rights - ANSWER-The right to use and enjoy the air space above a parcel of land.
Such rights may be leased or sold separately from the land.
Allodial System - ANSWER-A system of land ownership which recognizes the right of
individuals to own land independently of political superiors, but allows the government
to retain the rights of eminent domain, police power, taxation and escheat.
Alluvion - ANSWER-A form of accretion where soil is gradually accumulated on land
bounded by a river, lake, or other body of water as a result of action of the water.
Alluvium - ANSWER-Soil accumulated by the process of alluvion.
, American Land Title Association - ANSWER-American Land Title Association. An
organization of title insurance companies, title attorneys, and others interested in land
titles whose purpose is to promote professional standards and ethics
throughout its industry.
Appropriation - ANSWER-The formal legislative enactment of how a taxing authority
intends to acquire funds through taxation, along with a detailed account of how the
money is intended to be used.
Appurtenance - ANSWER-Anything that may be used with the land for its benefit and
goes to the new owner when ownership of the land is transferred. Mineral rights, air
rights, water rights, easements, improvements, and natural attachments are examples.
Artificial Monuments - ANSWER-Man-made objects such as streets, fences, iron pins,
concrete posts, etc.
As is - ANSWER-A term used to describe property offered for sale in its
present condition with no warranty provided by the owner. It does not
confer immunity from liability of fraud.
Assessed Rate - ANSWER-Percentage which, when multiplied times market value,
determines assessed value.
Assessed Value - ANSWER-An amount used for tax purposes and arrived at by
multiplying a fixed percentage times the property's fair market value. The percentage is
predetermined by the taxing authority and in some cases by state law.
Assessment Roll - ANSWER-A record of all taxable properties in a taxing jurisdiction,
along with their assessed value. Also called Tax Base.
Associate Broker - ANSWER-A person who has met all qualifications to be licensed as
a broker, but who elects to act on behalf of another broker in performing any act
authorized by law to be performed by a broker.
Attachment Lien - ANSWER-An encumbrance created against land when the court is
granted custody of the property to prevent the owner from conveying title while a suit for
damages is being decided. By attaching the property the person seeking damages is
assured that the property will be available to satisfy a judgement if it is awarded by the
court.
Attestation - ANSWER-The act of witnessing a person's signing a document, such as a
deed or will, and then signing the document as a witness.
Attorney General - ANSWER-Legal counsel for the state. Whenever the Commission
believes a serious violation of the License Law has occurred, the ____________ may
bring an action in the name of the state to enforce compliance.
