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Exam (elaborations)
GA Real Estate State Exam Practice new EXAM 2025 AND PRACTICE QUESTIONS |ACCURATE ANSWERS| VERIFIED FOR GUARANTEED PASS |GRADED A |NEW VERSION
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---21June 20252024/2025A+
- 1. Which of the following is a true statement about Georgia's Real Estate Education, Research, and Recovery Fund? 
A.	GREC isn't allowed to raise licensee renewal fees 
B.	Licensees aren’t required to repay disbursements with interest 
C.	The fund pays for licensees’ legal costs 
D.	Fund money may be invested and interest is deposited back into the fund 
Correct Answer: D 
Rationale: Georgia law allows the fund to be invested in the state treasury or other legally permissible pl...
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lisarhodes411
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Exam (elaborations)
GA Real Estate Practice Exam ACCURATE TESTED VERSIONS OF THE EXAM FROM 2025 TO 2026 | ACCURATE AND VERIFIED ANSWERS | NEXT GEN FORMAT | GUARANTEED PASS
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---44June 20252024/2025A+
- 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, wh...
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lisarhodes411
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Exam (elaborations)
GA Real estate practice EXAM TEST BANK WITH ALL VERSIONS OF THE EXAM WITH ALLMODULES COVERED | ACCURATE AND VERIFIED QUESTIONS AND ANSWERS FOR GUARANTEED PASS| LATEST UPDATE
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---43June 20252024/2025A+
- 1. Agent Norris is working with a buyer prospect who chooses to be a customer. The prospect wants to see a listing on Pine Street, but the listing company has indicated it will not offer subagency. What is the correct approach? 
A.	Norris can show the house as a "transaction broker." 
B.	The house can be shown only by buyer brokers. 
C.	The listing company had no right to refuse subagency. 
D.	A dual agency will result if Norris' buyer decides to offer on the Pine Street house. 
 C...
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lisarhodes411
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Exam (elaborations)
GA Real Estate Practice Exam 1 ACCURATE TESTED VERSIONS OF THE EXAM FROM 2025 TO 2026 | ACCURATE AND VERIFIED ANSWERS | NEXT GEN FORMAT | GUARANTEED PASS
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---29June 20252024/2025A+
- 1. What agency is charged with insuring the balance of the Real Estate Education, Research, and Recovery Fund remains at $1 million or higher? 
A.	HUD 
B.	Georgia Department of Revenue 
C.	GREC 
D.	Georgia Housing Authority 
 Correct Answer: C. GREC 
Rationale: The Georgia Real Estate Commission (GREC) is responsible for ensuring the Recovery Fund maintains a minimum balance of $1 million. 
 
2. GREC will investigate a complaint if the event occurred within how many years? A. 1 
B.	2 ...
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lisarhodes411
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Exam (elaborations)
Ga Real Estate Final Exam ACCURATE AND VERIFIED FOR GUARANTEED PASS | GUARANTEED PASS| LATEST UPDATE|2025- 2026
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---28June 20252024/2025A+
- 1.	Real estate licensees are classified as independent contractors under which IRS code? A. 1031 
B.	121 
C.	3508 (a)(b) 
D.	453 
Correct Answer: C 
Rationale: IRS Code Section 3508(a)(b) classifies qualified real estate agents as statutory non-employees, allowing them to be treated as independent contractors for tax purposes. 
 
2.	The Fair Housing Act of 1968 was amended in 1988 to include which protected classes? 
A.	Sexual orientation and gender identity 
B.	Familial status and men...
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lisarhodes411
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Exam (elaborations)
GA Real Estate Final Exam Questions & AnswersEXAM NEW VERSION LATEST UPDATE 2025-2026 WITH ACCURATE ANSWERS GUARANTEED PASS BEST STUDYING MATERIAL
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---28June 20252024/2025A+
- 1. Which of the following is considered a general lien? 
A.	Property tax lien 
B.	Mechanic’s lien 
C.	Mortgage lien 
D.	Judgment lien 
Rationale: A judgment lien is a general lien that applies to all of a debtor's property, not just a specific asset. 
 
2. What is the most common type of tax sale? 
A.	Judicial tax sale 
B.	Non-judicial tax sale 
C.	Redemption tax sale D. Foreclosure auction 
Rationale: Most tax sales occur without court involvement, making non-judicial tax sal...
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lisarhodes411
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Exam (elaborations)
ga real estate express final exam new latest version 20242025 best studying material with verified answers graded A
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---27June 20252024/2025A+
- 1. Which principle of value holds that the value of any component of a property is what it gives to the value of the whole or what its absence detracts from the whole? 
A.	Substitution 
B.	Conformity 
C.	Contribution D. Anticipation 
Rationale: The principle of contribution determines a component’s worth by the value it adds (or detracts) from the total property. 
 
2. How is Net Operating Income (NOI) calculated? 
A.	Gross Income minus depreciation 
B.	Net Income plus taxes 
C.	Ann...
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lisarhodes411
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Exam (elaborations)
Ga Real Estate Exam - Real Estate Practice Test EXAM 2025 | ALL CURRENT EXAM VERSIONS 2025 | ACCURATE REAL EXAM QUESTIONS AND ANSWERS | ACCURATE AND VERIFIED FOR GUARANTEED PASS | GRADED A
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---26June 20252024/2025A+
- 1. What is the difference between a specific lien and a general lien? 
A.	A specific lien is secured by a specific piece of property, and a general lien is secured by the collective assets of a person against whom the lien is held 
B.	A general lien is secured by a specific piece of property, and a specific lien is secured by the collective assets of a person against whom the lien is held C. Specific liens require collateral, and general liens do not 
D. General liens require collateral, and ...
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lisarhodes411
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Exam (elaborations)
Ga real estate exam practice EXAM 2025 | ACTUAL REAL EXAM ACCURATE QUESTIONS AND ANSWERS WITH RATIONALES | VERIFIED AND LATEST UPDATED |GUARANTEED PASS
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---23June 20252024/2025A+
- 1. A seller wants to allow a buyer to assume the existing mortgage and avoid future liability. What would best meet the seller’s needs? 
A.	Assignment 
B.	Subordination 
C.	Novation 
D.	Escrow agreement 
️ Correct Answer: C. Novation 
Rationale: Novation is a legal substitution of a new party in a contract, relieving the original party of liability. 
 
2. To qualify as a tax-deferred exchange, a property must be: 
A.	Used as a primary residence 
B.	Held for less than one year 
C....
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lisarhodes411
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Exam (elaborations)
GA Real Estate Practice Questions and Answers (997 Qs) | 2025 Verified Test Bank for Licensing Exam
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---562April 20252024/2025A+
- Pass the Georgia Real Estate Licensing Exam with Confidence! 
 
This fully updated 2025 test bank includes 997 verified practice questions and answers, carefully aligned with the Georgia Real Estate Commission (GREC) exam content outline. 
 
 Covers all key topics: 
 
Licensing and Law in Georgia 
 
Real Estate Contracts 
 
Property Ownership and Land Use Controls 
 
Finance and Valuation 
 
Agency Relationships 
 
Fair Housing Laws 
 
Property Management 
 
Real Estate Math & Calculations 
 
...
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