Page 1 ACEABLE FINAL EXAM STUDY TERMS (GA).pdf ACEABLE FINAL EXAM STUDY TERMS (GA)
ACEABLE FINAL EXAM STUDY TERMS (GA)
Study online at https://quizlet.com/_9aec4b
1. what is one way a co-op sales con- the co-op sales contract includes a section detailing
tract differs from the sales contract what the buyer must do it they hope to gains the
for a single-family home? corporations board approval (One of the most impor-
tant differences is that purchasing cooperative shares
requires the approval of the corporation. So the co-op
sales contract includes a section detailing what the
buyer must do if they hope to gain the corporation's
approval (usually called "board approval").
2. which of the following BEST defines a performing a real estate act for another party with
circumstance requiring a real estate the intent to receive compensation (Performing a real
license? estate act for another party with the intent to receive
compensation best defines the real estate license re-
quirement.)
3. What is the MOST COMMON clause sign posting clause
in listing agreements?
4. which document provides a detailed the closing disclosure
list of each partys expenses at clos-
ing?
5. how is debt service ratio calculated? by dividing net operating income by total debt service
6. What is NOT NEEDED when prorating real estate transfer amount (usually paid by seller)
an expense?
7. what mortgage is short-term and construction mortgage (lender pays funds to borrow-
paid out in draws? er in installments, called draws, as the construction
progress)
8. Molly wants to buy a property down- Situs (economic significance of a propertys location)
town so she will be closer to the lo-
ACEABLE FINAL EXAM STUDY TERMS (GA) 1 of 13 2026/03/29
, Page 2 ACEABLE FINAL EXAM STUDY TERMS (GA).pdf ACEABLE FINAL EXAM STUDY TERMS (GA)
ACEABLE FINAL EXAM STUDY TERMS (GA)
Study online at https://quizlet.com/_9aec4b
cal nightlife and have a shorter work
commute. Her interest in a property
is greatly influenced by the econom-
ic significance of the property's loca-
tion. What is Molly influenced by?
9. Seller Jordan chooses to not disclose Silent fraud
an easement on his property and the
buyer never asks about it. What is
this an example of?
10. Agent Laura completed a CMA on a Market Value (CMA = comparative market analysis)
property her client was interested in
making an offer on. What kind of val-
ue was Laura attempting to deter-
mine?
11. what does "vicarious liability" mean? broker is responsible for their licensees actions or
omissions
12. what is easement by condemnation? easement in which property is taken via eminent do-
main and serves as a declaration that a structure
must be closed because it's unfit for occupants (An
easement by condemnation is an easement in which
private property is taken for public use via eminent
domain. It serves as a declaration that a structure
must be closed or demolished because it is unfit for
occupants.)
13. How would an appraiser be able to they would need to find the price per square foot of
adjust for the size of the property us- the comparable property
ing the sales comparison approach?
ACEABLE FINAL EXAM STUDY TERMS (GA) 2 of 13 2026/03/29
ACEABLE FINAL EXAM STUDY TERMS (GA)
Study online at https://quizlet.com/_9aec4b
1. what is one way a co-op sales con- the co-op sales contract includes a section detailing
tract differs from the sales contract what the buyer must do it they hope to gains the
for a single-family home? corporations board approval (One of the most impor-
tant differences is that purchasing cooperative shares
requires the approval of the corporation. So the co-op
sales contract includes a section detailing what the
buyer must do if they hope to gain the corporation's
approval (usually called "board approval").
2. which of the following BEST defines a performing a real estate act for another party with
circumstance requiring a real estate the intent to receive compensation (Performing a real
license? estate act for another party with the intent to receive
compensation best defines the real estate license re-
quirement.)
3. What is the MOST COMMON clause sign posting clause
in listing agreements?
4. which document provides a detailed the closing disclosure
list of each partys expenses at clos-
ing?
5. how is debt service ratio calculated? by dividing net operating income by total debt service
6. What is NOT NEEDED when prorating real estate transfer amount (usually paid by seller)
an expense?
7. what mortgage is short-term and construction mortgage (lender pays funds to borrow-
paid out in draws? er in installments, called draws, as the construction
progress)
8. Molly wants to buy a property down- Situs (economic significance of a propertys location)
town so she will be closer to the lo-
ACEABLE FINAL EXAM STUDY TERMS (GA) 1 of 13 2026/03/29
, Page 2 ACEABLE FINAL EXAM STUDY TERMS (GA).pdf ACEABLE FINAL EXAM STUDY TERMS (GA)
ACEABLE FINAL EXAM STUDY TERMS (GA)
Study online at https://quizlet.com/_9aec4b
cal nightlife and have a shorter work
commute. Her interest in a property
is greatly influenced by the econom-
ic significance of the property's loca-
tion. What is Molly influenced by?
9. Seller Jordan chooses to not disclose Silent fraud
an easement on his property and the
buyer never asks about it. What is
this an example of?
10. Agent Laura completed a CMA on a Market Value (CMA = comparative market analysis)
property her client was interested in
making an offer on. What kind of val-
ue was Laura attempting to deter-
mine?
11. what does "vicarious liability" mean? broker is responsible for their licensees actions or
omissions
12. what is easement by condemnation? easement in which property is taken via eminent do-
main and serves as a declaration that a structure
must be closed because it's unfit for occupants (An
easement by condemnation is an easement in which
private property is taken for public use via eminent
domain. It serves as a declaration that a structure
must be closed or demolished because it is unfit for
occupants.)
13. How would an appraiser be able to they would need to find the price per square foot of
adjust for the size of the property us- the comparable property
ing the sales comparison approach?
ACEABLE FINAL EXAM STUDY TERMS (GA) 2 of 13 2026/03/29
