GA REAL ESTATE ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ industrial property rights. Answer: Includes heavy or light
manufacturing warehouse and distribution. Clear height is a key
consideration
◍ Healthcare properties. Answer: Includes doctors offices urgent care
clinics hospitals require a specialized outfitting
◍ Office buildings. Answer: Includes Class A, B or C; may be high
rise or low rise
◍ four elements of a legally valid contract. Answer: 1. Competent
parties
2. Mutual agreement (offer and acceptance)
3. Lawful objective
4. Consideration
◍ Statute of Frauds. Answer: Dictates that all contracts must be in
writing
◍ four elements of a legally valid contract. Answer: 1. Competent
parties
,2. Mutual agreement (offer and acceptance)
3. Lawful objective
4. Consideration
◍ Statute of Frauds. Answer: Dictates that all contracts must be in
writing
◍ Retail Properties. Answer: Includes store fronts, shopping centers,
malls
◍ Residential properties. Answer: Properties design for dwelling
◍ Commercial properties. Answer: Property is designed for
commerce And profit
◍ Specialty properties. Answer: Includes mixed-use, planned-unit
development and transit-oriented development
◍ mixed-use development. Answer: development that combines
housing and businesses in a single building
◍ Planned Unit Development (PUD). Answer: A high density project
with mixed zoning (e.g. retail or residential healthcare etc.)
,◍ Transit-oriented development (TOD). Answer: development
focused around a transportation hub
◍ Class A office building. Answer: These buildings have high-quality
standard finishes state of the art systems exceptional accessibility and
a definite market presence
◍ Class B office building. Answer: These buildings have adequate
systems and finishes that are fair to good for the area
◍ Class C office building. Answer: These buildings are aimed at
tenants requiring functional space at below average rents for the area
◍ Farm broker. Answer: Deals already buying and selling farms.
Farms can range from small family farm to a corporate farm and
thousands of acres. Hornberger must be well-versed in all six of
agriculture as well as state and federal taxes including those related to
farm subsidies
◍ Rights of owning farmland. Answer: Mineral rights, water right,
development right, surface rights, subsurface rights, oil and gas rights.
◍ Government owned real estate. Answer: Highways and streets,
schools, military instillations, hospitals, museums, courthouse and
other municipal buildings, fire and police stations, national and state
parks, airports, zoos, foreclosures
, ◍ General Services Administration (GSA). Answer: A U.S. federal
agency that is responsible for most federal purchases. It is based in
Washington, D.C., and has 11 regional offices throughout the U.S.
The GSa buys and leases properties for its operational needs and that
of federal agencies.
◍ U.S department of housing and urban development (HUD).
Answer: Government agency that handles foreclosures and will
contact local brokerages to list and market them
◍ When is a real estate license required?. Answer: A real estate
license is required even as a government employee when negotiating
the purchase, sale or lease of a property
◍ Real Estate Syndicate. Answer: A group of investors who pool their
money to purchase high-priced real estate as a short-term investment.
Taxation depends on the form of the syndicate ( corporation, general
or limited partnerships, or llc)
◍ REIT (Real Estate Investment Trust). Answer: Companies that own
and usually operate income producing real estate. ( multi- family,
warehouse and retail)
◍ Mortgage REITs. Answer: Real estate investment trusts that
purchase mortgage obligations and effectively become real estate
lenders.
(Buy the debt not properties)
QUESTIONS WITH ANSWERS GRADED A+
◍ industrial property rights. Answer: Includes heavy or light
manufacturing warehouse and distribution. Clear height is a key
consideration
◍ Healthcare properties. Answer: Includes doctors offices urgent care
clinics hospitals require a specialized outfitting
◍ Office buildings. Answer: Includes Class A, B or C; may be high
rise or low rise
◍ four elements of a legally valid contract. Answer: 1. Competent
parties
2. Mutual agreement (offer and acceptance)
3. Lawful objective
4. Consideration
◍ Statute of Frauds. Answer: Dictates that all contracts must be in
writing
◍ four elements of a legally valid contract. Answer: 1. Competent
parties
,2. Mutual agreement (offer and acceptance)
3. Lawful objective
4. Consideration
◍ Statute of Frauds. Answer: Dictates that all contracts must be in
writing
◍ Retail Properties. Answer: Includes store fronts, shopping centers,
malls
◍ Residential properties. Answer: Properties design for dwelling
◍ Commercial properties. Answer: Property is designed for
commerce And profit
◍ Specialty properties. Answer: Includes mixed-use, planned-unit
development and transit-oriented development
◍ mixed-use development. Answer: development that combines
housing and businesses in a single building
◍ Planned Unit Development (PUD). Answer: A high density project
with mixed zoning (e.g. retail or residential healthcare etc.)
,◍ Transit-oriented development (TOD). Answer: development
focused around a transportation hub
◍ Class A office building. Answer: These buildings have high-quality
standard finishes state of the art systems exceptional accessibility and
a definite market presence
◍ Class B office building. Answer: These buildings have adequate
systems and finishes that are fair to good for the area
◍ Class C office building. Answer: These buildings are aimed at
tenants requiring functional space at below average rents for the area
◍ Farm broker. Answer: Deals already buying and selling farms.
Farms can range from small family farm to a corporate farm and
thousands of acres. Hornberger must be well-versed in all six of
agriculture as well as state and federal taxes including those related to
farm subsidies
◍ Rights of owning farmland. Answer: Mineral rights, water right,
development right, surface rights, subsurface rights, oil and gas rights.
◍ Government owned real estate. Answer: Highways and streets,
schools, military instillations, hospitals, museums, courthouse and
other municipal buildings, fire and police stations, national and state
parks, airports, zoos, foreclosures
, ◍ General Services Administration (GSA). Answer: A U.S. federal
agency that is responsible for most federal purchases. It is based in
Washington, D.C., and has 11 regional offices throughout the U.S.
The GSa buys and leases properties for its operational needs and that
of federal agencies.
◍ U.S department of housing and urban development (HUD).
Answer: Government agency that handles foreclosures and will
contact local brokerages to list and market them
◍ When is a real estate license required?. Answer: A real estate
license is required even as a government employee when negotiating
the purchase, sale or lease of a property
◍ Real Estate Syndicate. Answer: A group of investors who pool their
money to purchase high-priced real estate as a short-term investment.
Taxation depends on the form of the syndicate ( corporation, general
or limited partnerships, or llc)
◍ REIT (Real Estate Investment Trust). Answer: Companies that own
and usually operate income producing real estate. ( multi- family,
warehouse and retail)
◍ Mortgage REITs. Answer: Real estate investment trusts that
purchase mortgage obligations and effectively become real estate
lenders.
(Buy the debt not properties)
