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Barney Fletcher Exam | 2026/2027
Comprehensive Study Guide | Updated
Practice Questions, Answer Explanations
& Exam Preparation
An installment contract has been signed by all necessary parties. The type of title held by the
seller is known as:
Legal Title
Which of the following deeds transfers the most title?
None of these
For a contract to be valid and enforceable, it must contain what essential element(s)
A legal objective
A licensee obtained a listing and the property was sold within the terms of the contract. Seller
Bill refused to pay the earned commission. What must the licensee do to collect the commission
Report the situation to their Broker and let the Broker resolve the matter
Bob paid Bill $1,000 for a 6 month option. Three months later, Bill listed the property for sale
with broker Jones. Can Bill sell the property to a third party during the term option?
Yes, any new buyer would have to honor the terms of the contract
,….,,,./.,./.,./../../../…./././././.,.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,.,.,.
Which of the following best describes one or more persons relight to use property to the
exclusion of all others?
A leasehold estate
Which lien would be paid first if foreclosure occurred?
4 month special assessment lien
Bill bought Bob's house in Georgia with a down payment of $10,000. Bill's tax bill will be
$2,000/ye. With a tax rate of 50 mills. What did Bill pay for the property?
$100,000
Bill had made a valid Will and then passed away. Bill is the
Testator
The one named by the probate court to carry out the court order when one dies intestate is the
Administrator
The one named by the testator to carry out his/her wishes is the
Executor
Joan died without a valid Will. Joan died
,….,,,./.,./.,./../../../…./././././.,.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,.,.,.
Intestate
Which feed best describes the type of deed used to transfer property to those named in the Will
Executors deed
In Georgia, how many witnesses must be used for a formal Will
2
The transfer of real property rights through a Will is
Devise
The transfer of personal property through a Will is
Legacy
Leasehold estates are considered to be
Personal property rights
Leasehold estates in Georgia are considered to be
Real property rights
, ….,,,./.,./.,./../../../…./././././.,.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,.,.,.
Leasehold estates are considered to be
Less than a freehold estate because the lessee is renting
When the tenant pts the rent, property taxes, and the insurance this is referred to as a
Net lease
A lease where the payments go up according to the lease agreement is called
Graduated lease
What leasehold estate provides that notice must be given (60/30) days or more if noted in the
lease agreement
Periodic tenancy
The landlord has a tenant with no lease agreement. The tenant refuses to leave. What must the
landlord do
Seek actual eviction
Bill has a lease with Jane that states if Bill leases to someone else he will be totally liable to Jane.
If Bill rents the unit to Bob, Bill has
Sublet the unit
Which of the following is not a reason to terminate most leases
Barney Fletcher Exam | 2026/2027
Comprehensive Study Guide | Updated
Practice Questions, Answer Explanations
& Exam Preparation
An installment contract has been signed by all necessary parties. The type of title held by the
seller is known as:
Legal Title
Which of the following deeds transfers the most title?
None of these
For a contract to be valid and enforceable, it must contain what essential element(s)
A legal objective
A licensee obtained a listing and the property was sold within the terms of the contract. Seller
Bill refused to pay the earned commission. What must the licensee do to collect the commission
Report the situation to their Broker and let the Broker resolve the matter
Bob paid Bill $1,000 for a 6 month option. Three months later, Bill listed the property for sale
with broker Jones. Can Bill sell the property to a third party during the term option?
Yes, any new buyer would have to honor the terms of the contract
,….,,,./.,./.,./../../../…./././././.,.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,.,.,.
Which of the following best describes one or more persons relight to use property to the
exclusion of all others?
A leasehold estate
Which lien would be paid first if foreclosure occurred?
4 month special assessment lien
Bill bought Bob's house in Georgia with a down payment of $10,000. Bill's tax bill will be
$2,000/ye. With a tax rate of 50 mills. What did Bill pay for the property?
$100,000
Bill had made a valid Will and then passed away. Bill is the
Testator
The one named by the probate court to carry out the court order when one dies intestate is the
Administrator
The one named by the testator to carry out his/her wishes is the
Executor
Joan died without a valid Will. Joan died
,….,,,./.,./.,./../../../…./././././.,.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,.,.,.
Intestate
Which feed best describes the type of deed used to transfer property to those named in the Will
Executors deed
In Georgia, how many witnesses must be used for a formal Will
2
The transfer of real property rights through a Will is
Devise
The transfer of personal property through a Will is
Legacy
Leasehold estates are considered to be
Personal property rights
Leasehold estates in Georgia are considered to be
Real property rights
, ….,,,./.,./.,./../../../…./././././.,.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,./.,.,.,.
Leasehold estates are considered to be
Less than a freehold estate because the lessee is renting
When the tenant pts the rent, property taxes, and the insurance this is referred to as a
Net lease
A lease where the payments go up according to the lease agreement is called
Graduated lease
What leasehold estate provides that notice must be given (60/30) days or more if noted in the
lease agreement
Periodic tenancy
The landlord has a tenant with no lease agreement. The tenant refuses to leave. What must the
landlord do
Seek actual eviction
Bill has a lease with Jane that states if Bill leases to someone else he will be totally liable to Jane.
If Bill rents the unit to Bob, Bill has
Sublet the unit
Which of the following is not a reason to terminate most leases
