GEORGIA REAL ESTATE LICENSING EXAM
ACTUAL QUESTION SET WITH CORRECT
DETAILED ANSWERS GUARANTEED SUCCESS
◍ Inquiry Notice. Answer: Should have investigated
◍ Title Examniation. Answer: Title Search
◍ Marketable Title. Answer: reasonably free from doubt
◍ Chain on title. Answer: history of conveyances and encumbrances
◍ Cloud on title. Answer: a problem with the title;
Ex: lien or forged deed
◍ Abstract of Title. Answer: summary of chain of title
◍ Certification of Title. Answer: written opinion of title
◍ Color of Title. Answer: Appearance of title, but undiscovered defects
◍ Torren Systems. Answer: registration of title with a court
,MOST STATES DO NOT USE THIS
◍ Acknowledgement. Answer: seller declares they are free, willingly
giving over their rights to the seller
◍ Fixtures. Answer: items used to be personal property but have been
attached to real property and are now considered real property
◍ Littoral Rights. Answer: rights to water from a lake, sea or ocean
◍ Riparian rights. Answer: rights to water from a flowing source
◍ Prior Appropriation. Answer: water rights based on "first in time" first
in right
◍ appurtenances. Answer: things that "run with the land"
◍ plottage. Answer: the increase in value that results from assembling
small parcels into one larger one
◍ personal property. Answer: chattel
, ◍ trade fixtures. Answer: personal property attached to real property
which is used as apart of a trade or profession
◍ severance. Answer: the act of removing something that was attached
to the land so that is becomes personal property
◍ associate broker. Answer: a person who has his or her broker's license
but is acting in the capacity of a salesperson for another broker
◍ metes & bounds. Answer: a type of modern legal description which
describes the property's shapes and dimensions
◍ government survey. Answer: method of legal description which
describes the property's intersection of a baseline and meridian
◍ township. Answer: a six mile by six mile parcel of land
◍ section. Answer: a one mile by one mile parcel of land
◍ 5,280. Answer: number of feet in a mile
◍ 43,560. Answer: number of square feet in an acre
ACTUAL QUESTION SET WITH CORRECT
DETAILED ANSWERS GUARANTEED SUCCESS
◍ Inquiry Notice. Answer: Should have investigated
◍ Title Examniation. Answer: Title Search
◍ Marketable Title. Answer: reasonably free from doubt
◍ Chain on title. Answer: history of conveyances and encumbrances
◍ Cloud on title. Answer: a problem with the title;
Ex: lien or forged deed
◍ Abstract of Title. Answer: summary of chain of title
◍ Certification of Title. Answer: written opinion of title
◍ Color of Title. Answer: Appearance of title, but undiscovered defects
◍ Torren Systems. Answer: registration of title with a court
,MOST STATES DO NOT USE THIS
◍ Acknowledgement. Answer: seller declares they are free, willingly
giving over their rights to the seller
◍ Fixtures. Answer: items used to be personal property but have been
attached to real property and are now considered real property
◍ Littoral Rights. Answer: rights to water from a lake, sea or ocean
◍ Riparian rights. Answer: rights to water from a flowing source
◍ Prior Appropriation. Answer: water rights based on "first in time" first
in right
◍ appurtenances. Answer: things that "run with the land"
◍ plottage. Answer: the increase in value that results from assembling
small parcels into one larger one
◍ personal property. Answer: chattel
, ◍ trade fixtures. Answer: personal property attached to real property
which is used as apart of a trade or profession
◍ severance. Answer: the act of removing something that was attached
to the land so that is becomes personal property
◍ associate broker. Answer: a person who has his or her broker's license
but is acting in the capacity of a salesperson for another broker
◍ metes & bounds. Answer: a type of modern legal description which
describes the property's shapes and dimensions
◍ government survey. Answer: method of legal description which
describes the property's intersection of a baseline and meridian
◍ township. Answer: a six mile by six mile parcel of land
◍ section. Answer: a one mile by one mile parcel of land
◍ 5,280. Answer: number of feet in a mile
◍ 43,560. Answer: number of square feet in an acre
