GEORGIA REAL ESTATE PRACTICE AND
FINAL EXAM FULLY SOLVED WITH
VERIFIED ANSWERS AND UPDATED 2025
CONTENT
⩥ Appurtenance ◍ 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 ◍ Man-made objects such as streets, fences,
iron pins, concrete posts, etc.
⩥ Associate Broker ◍ 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.
⩥ Attorney General ◍ 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.
⩥ Baseline ◍ Certain reference lines which run east and west; used in
rectangular survey system to locate land.
,⩥ Bench Mark ◍ A permanent reference point of known location used
by surveyors. A ________ may be a point established by a government
survey team or a fixed monument such as a road right-of-way.
⩥ Bill of Sale ◍ A document which conveys ownership to personal
property.
⩥ Broker ◍ An individual or legal entity licensed to act as the agent of
another in buying, selling, exchanging, renting, leasing, managing, or
auctioning real estate for another.
⩥ Call ◍ The compass direction and distance for each boundary line.
⩥ Censure ◍ Disciplinary power of the Commission whereby it
reprimands a licensee, usually for technical violations occurring for the
first time.
⩥ Chattel ◍ Personal property.
⩥ Closure ◍ The metes and bounds legal description must return to the
point of beginning or the description is incomplete.
,⩥ Co-brokering ◍ Participation of more than one broker in a real estate
transaction.
⩥ Commingling ◍ Mixing funds held in trust with the brokers personal
or business accounts.
⩥ The Real Estate Commission ◍ The state licensing authority charged
with the enforcement of the Real Estate License Law.
⩥ Constructive Severance ◍ The transfer to someone other than the
owner of the land the rights to remove attachments such as timber, or
buildings, or the right to remove minerals.
⩥ Contour ◍ The shape of the earths surface.
⩥ Correlative Rights ◍ The doctrine of law which allows riparian
owners in certain states to use only a reasonable share of water during
periods of drought.
⩥ Datum ◍ A point of surface of known location from which heights
and depths are measured. The basic point from which vertical land(air
rights and mineral rights) is described.
, ⩥ Dual Agency ◍ Representing both the buyer and the seller in the
same transaction. This practice constitutes a violation of License Law,
unless both parties give their written consent.
⩥ Earnest Money ◍ The purchaser's initial commitment of something of
value to indicate that he/she wants to buy the property according to the
terms of the offer being submitted. _______ deposits received by the
broker must be placed in her/her designated trust account, until the
transaction is either closed or otherwise terminated.
⩥ Emblements ◍ Crops that require annual cultivation. They are
considered personal property even though it is attached to the land.
⩥ Escrow Account ◍ A separate account which a broker must maintain
for the deposit of all funds coming into his/her possession that belongs
to others. Before a broker's license will be issued, the broker must
authorize the Commission to examine the account at any time.
⩥ Executor ◍ Person named in a will to carry out the directions and
requests of the deceased.
⩥ Fixture ◍ An item that was once personal property but has become
real property because of the manner in which it was attached to the land
or its improvements.
FINAL EXAM FULLY SOLVED WITH
VERIFIED ANSWERS AND UPDATED 2025
CONTENT
⩥ Appurtenance ◍ 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 ◍ Man-made objects such as streets, fences,
iron pins, concrete posts, etc.
⩥ Associate Broker ◍ 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.
⩥ Attorney General ◍ 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.
⩥ Baseline ◍ Certain reference lines which run east and west; used in
rectangular survey system to locate land.
,⩥ Bench Mark ◍ A permanent reference point of known location used
by surveyors. A ________ may be a point established by a government
survey team or a fixed monument such as a road right-of-way.
⩥ Bill of Sale ◍ A document which conveys ownership to personal
property.
⩥ Broker ◍ An individual or legal entity licensed to act as the agent of
another in buying, selling, exchanging, renting, leasing, managing, or
auctioning real estate for another.
⩥ Call ◍ The compass direction and distance for each boundary line.
⩥ Censure ◍ Disciplinary power of the Commission whereby it
reprimands a licensee, usually for technical violations occurring for the
first time.
⩥ Chattel ◍ Personal property.
⩥ Closure ◍ The metes and bounds legal description must return to the
point of beginning or the description is incomplete.
,⩥ Co-brokering ◍ Participation of more than one broker in a real estate
transaction.
⩥ Commingling ◍ Mixing funds held in trust with the brokers personal
or business accounts.
⩥ The Real Estate Commission ◍ The state licensing authority charged
with the enforcement of the Real Estate License Law.
⩥ Constructive Severance ◍ The transfer to someone other than the
owner of the land the rights to remove attachments such as timber, or
buildings, or the right to remove minerals.
⩥ Contour ◍ The shape of the earths surface.
⩥ Correlative Rights ◍ The doctrine of law which allows riparian
owners in certain states to use only a reasonable share of water during
periods of drought.
⩥ Datum ◍ A point of surface of known location from which heights
and depths are measured. The basic point from which vertical land(air
rights and mineral rights) is described.
, ⩥ Dual Agency ◍ Representing both the buyer and the seller in the
same transaction. This practice constitutes a violation of License Law,
unless both parties give their written consent.
⩥ Earnest Money ◍ The purchaser's initial commitment of something of
value to indicate that he/she wants to buy the property according to the
terms of the offer being submitted. _______ deposits received by the
broker must be placed in her/her designated trust account, until the
transaction is either closed or otherwise terminated.
⩥ Emblements ◍ Crops that require annual cultivation. They are
considered personal property even though it is attached to the land.
⩥ Escrow Account ◍ A separate account which a broker must maintain
for the deposit of all funds coming into his/her possession that belongs
to others. Before a broker's license will be issued, the broker must
authorize the Commission to examine the account at any time.
⩥ Executor ◍ Person named in a will to carry out the directions and
requests of the deceased.
⩥ Fixture ◍ An item that was once personal property but has become
real property because of the manner in which it was attached to the land
or its improvements.
