GA REAL ESTATE EXAM PREP Questions and Answers (Latest Update )

How often *must* you take continuing education? - correct answers *Every 4 years*. In Georgia, which of the following is *NOT* a cost or expense of owning a home? - correct answers Taxes on *personal property*. A *Broker's*, license fee costs how much? - correct answers *$170* All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special Assessments, Statutory Right of Redemption, Equitable Right of Redemption - correct answers *Statutory Right of Redemption* Which of the following statements about a *Management Agreement* is *FALSE*? - correct answers *It is FALSE that*: it requires the Property Manager to work diligently to maximize the Licensee's rate of return. GA REAL ESTATE EXAM PREP Questions and Answers (Latest Update ) An item of *Functional Obsolescence* is considered *incurable* if the: - correct answers cost to repair is more than the value it ads. What is *TRUE* about an *Associate Broker* in Georgia? - correct answers Both A&B: *A*. An Associate Broker may perform any real estate brokerage act that requires a license. *B*. An Associate Broker acts on behalf of a Broker. The squared or rectangles used in Georgia legal description are: - correct answers *Land Lots* and *Districts*. Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? - correct answers Georgia allows *Joint Tenancy.* How many hours of continuing education are required to renew a 4 year real estate *Salespersons*, license? - correct answers 24 GA REAL ESTATE EXAM PREP Questions and Answers (Latest Update ) What is *Homestead Protection*? - correct answers The status provided to a homeowner's principal residence that *protects the home against judgement*, up to a specified amount. Which of the following is *NOT*, a *Covenant of Warranty* in a *Georgia General Warranty Deed*? - correct answers *NOT* a Covenant of, *Further Assurance*. To keep a Georgia Sales Associate License, an individual must do all of the following *EXCEPT*: - correct answers *EXCEPT* Take at least ten quarter hours or six semester hours of college courses in real estate. Based on the ability to accept assignments, *which appraiser has the most latitude*? - correct answers *Certified General* The real estate records in Georgia are maintained by the: - correct answers *Clerk of Superior Court*