CESGA ACTUAL TEST QUESTIONS AND
ANSWERS BUNDLED REVIEW MATERIAL
●● Which of the following discriminatory practice does the Home
Mortgage Disclosure Act (HMDA) seek to address?
Blockbusting
Credit reporting
Mortgage applications
Redlining
Answer: Redlining
●● What is a real estate mortgage investment conduit (REMIC)?
A company that owns, and usually operates, income-producing real
estate
An entity used to pool mortgage loans and issue mortgage-backed
securities
,An organization that manages income-producing real estate properties.
An organization with many investors who jointly participate in a real
estate investment
Answer: An entity used to pool mortgage loans and issue mortgage-
backed securities
●● Radon has natural origins and is a colorless, odorless, radioactive gas
that's released when ______ decays.
Kryptonite
Lead
Radonite
Uranium
Answer: Uranium
●● Which of the following statements applies to both employees and
independent contractors?
,They can set their own work hours.
They're both supervised.
They're not required to work in a specific location.
They're paid by the job and not by the hour
Answer: They're both supervised.
●● Which of the following statements about junior loans is true?
A junior loan cannot have a higher principal than a senior loan.
A senior loan must be repaid before a junior loan.
The interest rate is usually higher than for a senior loan.
The interest rate is usually lower than for a senior loan.
Answer: The interest rate is usually higher than for a senior loan.
●● Duncan is a real estate licensee. Which Georgia entity is responsible
for adopting rules and regulations to enforce license law regarding
Duncan's activities?
, Georgia General Assembly
Georgia Real Estate Commission
The Real Estate Commissioner
The real estate department
Answer: Georgia Real Estate Commission
●● How long can a broker wait after non-payment of a commission to
record a lien against a commercial property?
30 days
90 days
One week
One year
Answer: 90 days
ANSWERS BUNDLED REVIEW MATERIAL
●● Which of the following discriminatory practice does the Home
Mortgage Disclosure Act (HMDA) seek to address?
Blockbusting
Credit reporting
Mortgage applications
Redlining
Answer: Redlining
●● What is a real estate mortgage investment conduit (REMIC)?
A company that owns, and usually operates, income-producing real
estate
An entity used to pool mortgage loans and issue mortgage-backed
securities
,An organization that manages income-producing real estate properties.
An organization with many investors who jointly participate in a real
estate investment
Answer: An entity used to pool mortgage loans and issue mortgage-
backed securities
●● Radon has natural origins and is a colorless, odorless, radioactive gas
that's released when ______ decays.
Kryptonite
Lead
Radonite
Uranium
Answer: Uranium
●● Which of the following statements applies to both employees and
independent contractors?
,They can set their own work hours.
They're both supervised.
They're not required to work in a specific location.
They're paid by the job and not by the hour
Answer: They're both supervised.
●● Which of the following statements about junior loans is true?
A junior loan cannot have a higher principal than a senior loan.
A senior loan must be repaid before a junior loan.
The interest rate is usually higher than for a senior loan.
The interest rate is usually lower than for a senior loan.
Answer: The interest rate is usually higher than for a senior loan.
●● Duncan is a real estate licensee. Which Georgia entity is responsible
for adopting rules and regulations to enforce license law regarding
Duncan's activities?
, Georgia General Assembly
Georgia Real Estate Commission
The Real Estate Commissioner
The real estate department
Answer: Georgia Real Estate Commission
●● How long can a broker wait after non-payment of a commission to
record a lien against a commercial property?
30 days
90 days
One week
One year
Answer: 90 days
