GEORGIA REAL ESTATE EXAM PREP. QUESTIONS & ANSWERS. 100% ACCURATE, VERIFIED.| latest update 2024/25|

GEORGIA REAL ESTATE EXAM PREP. QUESTIONS & ANSWERS. 100% ACCURATE, VERIFIED. Angie owns a four-plex. She lives in one unit and rents out the others - -Which of the following may represent an exemption from Georgia fair housing laws Kiting - -Representing the sale price on a home as an amount greater than what it actually sold for is considered Providing financing for diverse housing communities - -Which is NOT a focus of Georgia's Fair Housing Division Conducting an appraisal of the business - -Which of the following is NOT a legal activity for a business broker Three years - -GREC will investigate a complaint if that complaint occurred within how many years Failure to disclose a criminal conviction - -Which is not a violation for which the education, research and recovery fund may compensate claimants in Georgia Financing of credit insurance - -GAFLA prohibits which of the following She can broker transactions that involve business entities themselves and no transfer of real property - -Business brokerage in Atlanta is hopping, and Azra would like to get into the field. But she doesn't have a real estate license. What are her options? The obligee - -Who holds the promissory note while it's being repaid? issue a cease and desist order. - -A consumer files a complaint against for providing professional real estate services without a license. What initial action will GREC likely take against her? Statutory Right of Redemption - -The right of a borrower to redeem a property by paying amount owed plus cost, even after the foreclosure sale No, because of the number of units - -Karen and Joe are purchasing a six-unit apartment complex for $450,000. The loan is secured by the property being purchased. Is this purchase subject to GRMFA provisions ? It is based on the amount borrowed, and it is $1.50 per each $500 or fractional part thereof, with a maximum of $25,000. - -How is Georgia intangible tax computed ? Survival of the Agreement - -Which section of the sale contract says that certain unmet obligations will continue or be completed even after closing ? Valid - -Aubrey, an attorney for the seller, was extremely satisfied with the purchase offer his client was planning to sign. The sale contract contained all of the essential elements. What type of contract is this? To hold legal title to the property on behalf of the beneficiary until the loan is repaid - -What is the trustee's role when a deed of trust is used to secure property fora loan ? Transfer Tax - -In Georgia which of the following