GEORGIA REAL ESTATE CERTIFICATION
EXAM 2026 QUESTIONS WITH 100%
ACCURATE ANSWERS
⩥ redemption period. Answer: The equity of redemption on a loan
foreclosure ends when the property is sold.
⩥ BRRETA. Answer: Georgia's Brokerage Relationships in Real Estate
Transactions Act (BRRETA) defines the statutory duties of agents to
their clients but does not mandate what types of agency companies may
practice.
⩥ mechanic's lien rights. Answer: The state legislature of Georgia has
extended mechanic's lien rights to commercial real estate brokers who
sue for unpaid commissions.
⩥ gross receipts tax. Answer: The tax is due only on transactions that
occur within the jurisdiction.
⩥ property taxes escrow. Answer: A lender in Georgia may add two
months to the number of months since the tax bill was paid to arrive at a
total required for the tax escrow account.
, ⩥ impact fees. Answer: fees charged by local jurisdictions to pay for
new schools and utilities expected due to the increase in local
populations
⩥ minors in a contract. Answer: A minor wishing to disaffirm a contract
must do so while still a minor or within a reasonable time after reaching
maturity.
⩥ inactive status. Answer: An inactive license may remain on inactive
status indefinitely, as long as the licensee renews the license and pays
renewal fees every four years.
⩥ Georgia Education, Research, and Recovery Fund. Answer: If the total
amount in the fund falls below $1,000,000, all licensees will contribute
to the fund at their next renewal.
⩥ Discount points. Answer: discount point affects the lender's yield by
1/8 of 1 percentage point.
⩥ PMI Calculations. Answer: For PMI calculations, a lender would
classify loans as 90% or 95% of the purchase price. Any loan made
between 80.1% and 90% of the purchase price would be classified as a
90% loan; any loan with an LTV between 90% and 95% would be
classified as a 95% loan.
EXAM 2026 QUESTIONS WITH 100%
ACCURATE ANSWERS
⩥ redemption period. Answer: The equity of redemption on a loan
foreclosure ends when the property is sold.
⩥ BRRETA. Answer: Georgia's Brokerage Relationships in Real Estate
Transactions Act (BRRETA) defines the statutory duties of agents to
their clients but does not mandate what types of agency companies may
practice.
⩥ mechanic's lien rights. Answer: The state legislature of Georgia has
extended mechanic's lien rights to commercial real estate brokers who
sue for unpaid commissions.
⩥ gross receipts tax. Answer: The tax is due only on transactions that
occur within the jurisdiction.
⩥ property taxes escrow. Answer: A lender in Georgia may add two
months to the number of months since the tax bill was paid to arrive at a
total required for the tax escrow account.
, ⩥ impact fees. Answer: fees charged by local jurisdictions to pay for
new schools and utilities expected due to the increase in local
populations
⩥ minors in a contract. Answer: A minor wishing to disaffirm a contract
must do so while still a minor or within a reasonable time after reaching
maturity.
⩥ inactive status. Answer: An inactive license may remain on inactive
status indefinitely, as long as the licensee renews the license and pays
renewal fees every four years.
⩥ Georgia Education, Research, and Recovery Fund. Answer: If the total
amount in the fund falls below $1,000,000, all licensees will contribute
to the fund at their next renewal.
⩥ Discount points. Answer: discount point affects the lender's yield by
1/8 of 1 percentage point.
⩥ PMI Calculations. Answer: For PMI calculations, a lender would
classify loans as 90% or 95% of the purchase price. Any loan made
between 80.1% and 90% of the purchase price would be classified as a
90% loan; any loan with an LTV between 90% and 95% would be
classified as a 95% loan.
