GA Real Estate Practice Exam ACCURATE TESTED
VERSIONS OF THE EXAM FROM 2025 TO 2026 |
ACCURATE AND VERIFIED ANSWERS | NEXT GEN
FORMAT | GUARANTEED PASS
1. The seller countered buyer Addie’s initial offer. Which of these statements is true?
A. The counter-offer automatically finalizes the deal
B. The buyer must accept the counter-offer as is
C. A buyer may opt to "counter the counter" with another offer
D. Once a seller counters, the buyer cannot respond again
✔️ Correct Answer: C
Rationale: A counter-offer terminates the original offer and allows the other party to counter
again.
2. On a security deed in Georgia, what is the borrower called?
A. Mortgagor
B. Grantee
C. Trustee
D. Grantor
✔️ Correct Answer: D
Rationale: In Georgia, under a security deed, the borrower is the grantor, as they grant the title
to the lender.
3. What period of time does Marty’s Georgia property tax bill, received on May 1, cover?
A. July 1 of the prior year through June 30 of the current year
B. May 1 to April 30 of the following year
C. January 1 through December 31 of the current year
D. April 1 through March 31 of the following year
✔️ Correct Answer: C
Rationale: Georgia property taxes are assessed on a calendar year basis.
4. In Georgia, when can borrowers redeem a property after failing to cure default within 120
days?
A. Up to 30 days after the foreclosure sale
B. Only on the sale date
C. Any time before the sale is finalized
D. Up to five days before the scheduled foreclosure sale
,✔️ Correct Answer: D
Rationale: Georgia law permits redemption up to five days before the foreclosure sale.
5. What distinguishes a Georgia exclusive from a non-exclusive buyer’s agreement?
A. The type of property being purchased
B. Whether it includes financing provisions
C. Whether the buyer works with one or multiple brokers
D. Whether a written contract is required
✔️ Correct Answer: C
Rationale: The main difference lies in exclusivity—working with one vs. multiple brokers.
6. Which of the following may be used for financing real estate in Georgia?
A. Leasehold
B. Mortgage
C. Equity trust
D. Land contract
✔️ Correct Answer: B
Rationale: Georgia allows the use of mortgages, deeds of trust, and security deeds for financing.
7. If Marco wants to terminate his buyer's representation agreement in Georgia, what is true?
A. He may terminate it anytime without consequence
B. He must pay all remaining commissions
C. He may or may not owe money depending on the agreement terms
D. He must file a complaint with GREC
✔️ Correct Answer: C
Rationale: Termination clauses vary; some require payment or fees.
8. What does the extension clause in Georgia brokerage agreements do?
A. Extends commission amounts
B. Extends the agreement term if a contract falls through
C. Prohibits renewal of the agreement
D. Allows additional agents to assist
✔️ Correct Answer: B
Rationale: The clause protects brokers if a deal nearly closes but fails.
9. In Georgia, which closing cost is usually paid by the seller?
A. Intangible tax
B. Appraisal fee
C. Transfer tax
,D. Recording fee
✔️ Correct Answer: C
Rationale: Sellers in Georgia typically pay the transfer tax.
10. What is the first step in Georgia’s foreclosure process?
A. File for eviction
B. List the home for auction
C. Notify the borrower and attempt to cure the default
D. Send notice of sale to the public
✔️ Correct Answer: C
Rationale: Lenders must first notify the borrower and seek to resolve the issue.
1. What must Joe Bob do to legally deliver a deed to Frank during a property transfer?
A. Mail the deed to the county clerk
B. Verbally inform Frank
C. Deliver the deed to Frank, his agent, attorney, or the title company
D. Sign the deed in front of two witnesses
✔️ Correct Answer: C
Rationale: Delivery and acceptance are fulfilled when the deed is delivered to the buyer or their
representative.
12. What ministerial task can an agent perform for a customer in Georgia?
A. Provide negotiating advice
B. Identify property and property information
C. Write purchase offers
D. Offer fiduciary representation
✔️ Correct Answer: B
Rationale: Ministerial tasks like providing information are permitted without agency
representation.
13. What must be filed to begin the eviction process in Georgia?
A. A demand letter
B. A writ of possession
C. An affidavit
D. A landlord-tenant form
✔️ Correct Answer: C
Rationale: An affidavit is the legal document used to initiate eviction proceedings.
14. What is the continuing education requirement for Georgia community association
managers?
, A. 25 hours every two years
B. 36 hours every four years
C. 18 hours every three years
D. 40 hours every five years
✔️ Correct Answer: B
Rationale: Georgia requires 36 CE hours every four years for community association managers.
15. What is one method used in Georgia to release a security deed when the loan is paid off?
A. File a mortgage release notice
B. Cancel the promissory note
C. Prepare a “Cancellation of Debt Secured by Deed” form
D. Record a lien satisfaction
✔️ Correct Answer: C
Rationale: Georgia allows either notation on the original deed or a formal cancellation
document.
16. Unless otherwise negotiated, what closing cost will Gina pay when buying a condo in Tybee
Island, GA?
A. Transfer tax
B. Title insurance
C. Intangible tax
D. Brokerage fee
✔️ Correct Answer: C
Rationale: Buyers typically pay the intangible tax, based on the loan amount.
17. After Francine vacates a Georgia rental and returns keys in good condition, how long does
the manager have to return her security deposit?
A. 14 days
B. 21 days
C. One month
D. 45 days
✔️ Correct Answer: C
Rationale: Georgia law gives landlords one month to return the deposit after move-out.
18. What does Georgia license law require regarding trust funds?
A. Trust funds must be converted to cash within 48 hours
B. Trust funds must be deposited into the broker’s personal account
C. Trust funds must be deposited into a specific trust account
D. Trust funds must be recorded with GREC
VERSIONS OF THE EXAM FROM 2025 TO 2026 |
ACCURATE AND VERIFIED ANSWERS | NEXT GEN
FORMAT | GUARANTEED PASS
1. The seller countered buyer Addie’s initial offer. Which of these statements is true?
A. The counter-offer automatically finalizes the deal
B. The buyer must accept the counter-offer as is
C. A buyer may opt to "counter the counter" with another offer
D. Once a seller counters, the buyer cannot respond again
✔️ Correct Answer: C
Rationale: A counter-offer terminates the original offer and allows the other party to counter
again.
2. On a security deed in Georgia, what is the borrower called?
A. Mortgagor
B. Grantee
C. Trustee
D. Grantor
✔️ Correct Answer: D
Rationale: In Georgia, under a security deed, the borrower is the grantor, as they grant the title
to the lender.
3. What period of time does Marty’s Georgia property tax bill, received on May 1, cover?
A. July 1 of the prior year through June 30 of the current year
B. May 1 to April 30 of the following year
C. January 1 through December 31 of the current year
D. April 1 through March 31 of the following year
✔️ Correct Answer: C
Rationale: Georgia property taxes are assessed on a calendar year basis.
4. In Georgia, when can borrowers redeem a property after failing to cure default within 120
days?
A. Up to 30 days after the foreclosure sale
B. Only on the sale date
C. Any time before the sale is finalized
D. Up to five days before the scheduled foreclosure sale
,✔️ Correct Answer: D
Rationale: Georgia law permits redemption up to five days before the foreclosure sale.
5. What distinguishes a Georgia exclusive from a non-exclusive buyer’s agreement?
A. The type of property being purchased
B. Whether it includes financing provisions
C. Whether the buyer works with one or multiple brokers
D. Whether a written contract is required
✔️ Correct Answer: C
Rationale: The main difference lies in exclusivity—working with one vs. multiple brokers.
6. Which of the following may be used for financing real estate in Georgia?
A. Leasehold
B. Mortgage
C. Equity trust
D. Land contract
✔️ Correct Answer: B
Rationale: Georgia allows the use of mortgages, deeds of trust, and security deeds for financing.
7. If Marco wants to terminate his buyer's representation agreement in Georgia, what is true?
A. He may terminate it anytime without consequence
B. He must pay all remaining commissions
C. He may or may not owe money depending on the agreement terms
D. He must file a complaint with GREC
✔️ Correct Answer: C
Rationale: Termination clauses vary; some require payment or fees.
8. What does the extension clause in Georgia brokerage agreements do?
A. Extends commission amounts
B. Extends the agreement term if a contract falls through
C. Prohibits renewal of the agreement
D. Allows additional agents to assist
✔️ Correct Answer: B
Rationale: The clause protects brokers if a deal nearly closes but fails.
9. In Georgia, which closing cost is usually paid by the seller?
A. Intangible tax
B. Appraisal fee
C. Transfer tax
,D. Recording fee
✔️ Correct Answer: C
Rationale: Sellers in Georgia typically pay the transfer tax.
10. What is the first step in Georgia’s foreclosure process?
A. File for eviction
B. List the home for auction
C. Notify the borrower and attempt to cure the default
D. Send notice of sale to the public
✔️ Correct Answer: C
Rationale: Lenders must first notify the borrower and seek to resolve the issue.
1. What must Joe Bob do to legally deliver a deed to Frank during a property transfer?
A. Mail the deed to the county clerk
B. Verbally inform Frank
C. Deliver the deed to Frank, his agent, attorney, or the title company
D. Sign the deed in front of two witnesses
✔️ Correct Answer: C
Rationale: Delivery and acceptance are fulfilled when the deed is delivered to the buyer or their
representative.
12. What ministerial task can an agent perform for a customer in Georgia?
A. Provide negotiating advice
B. Identify property and property information
C. Write purchase offers
D. Offer fiduciary representation
✔️ Correct Answer: B
Rationale: Ministerial tasks like providing information are permitted without agency
representation.
13. What must be filed to begin the eviction process in Georgia?
A. A demand letter
B. A writ of possession
C. An affidavit
D. A landlord-tenant form
✔️ Correct Answer: C
Rationale: An affidavit is the legal document used to initiate eviction proceedings.
14. What is the continuing education requirement for Georgia community association
managers?
, A. 25 hours every two years
B. 36 hours every four years
C. 18 hours every three years
D. 40 hours every five years
✔️ Correct Answer: B
Rationale: Georgia requires 36 CE hours every four years for community association managers.
15. What is one method used in Georgia to release a security deed when the loan is paid off?
A. File a mortgage release notice
B. Cancel the promissory note
C. Prepare a “Cancellation of Debt Secured by Deed” form
D. Record a lien satisfaction
✔️ Correct Answer: C
Rationale: Georgia allows either notation on the original deed or a formal cancellation
document.
16. Unless otherwise negotiated, what closing cost will Gina pay when buying a condo in Tybee
Island, GA?
A. Transfer tax
B. Title insurance
C. Intangible tax
D. Brokerage fee
✔️ Correct Answer: C
Rationale: Buyers typically pay the intangible tax, based on the loan amount.
17. After Francine vacates a Georgia rental and returns keys in good condition, how long does
the manager have to return her security deposit?
A. 14 days
B. 21 days
C. One month
D. 45 days
✔️ Correct Answer: C
Rationale: Georgia law gives landlords one month to return the deposit after move-out.
18. What does Georgia license law require regarding trust funds?
A. Trust funds must be converted to cash within 48 hours
B. Trust funds must be deposited into the broker’s personal account
C. Trust funds must be deposited into a specific trust account
D. Trust funds must be recorded with GREC
