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Exam (elaborations)
Georgia Real Estate Exam Study Questions and Answers
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Deed Document used to transfer title. Title Land+ deed, (who are the owners and what are their rights?) Real Estate Land+appurtenances (right or improvement attached to the land) Two types of characteristics of land: Physical & economic What are the physical characteristics of land? Immovable, indestructible,unique(non-homogenous) What are the economic characteristics of land? Scarcity, improvable, permanence of investment; situs Situs Property location Non-homogenous Unique Personal propery Anything not real, Bill of sale (doc) chattel Chattel Personal property Bill of sale Document used in personal property
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