Georgia
Department of Real Estate -
Salesperson
LATEST EXAM GUIDE
Q&S
© 2024/2025
,1. Which of the following best describes a fee simple absolute?
A) The most complete interest in real property that one can own.
B) A life estate that reverts to the state upon death.
C) A leasehold interest for a term of years.
D) A defeasible fee that may end on the occurrence of a
condition.
Correct Answer: A
2. A zoning ordinance would be a matter of:
A) Private control.
B) Public control.
C) Individual preference.
D) Community suggestion.
Correct Answer: B
3. The principle of substitution is MOST important in which type
of property valuation?
A) Cost approach.
B) Income approach.
C) Sales comparison approach.
© 2024/2025
, D) Depreciated replacement cost method.
Correct Answer: C
4. In Georgia, a broker's fiduciary responsibility to their client
includes all EXCEPT:
A) Obedience.
B) Accounting.
C) Disclosure.
D) Appraisal.
Correct Answer: D
5. Which of the following is NOT a method of involuntary
alienation?
A) Foreclosure.
B) Adverse possession.
C) Gift.
D) Eminent domain.
Correct Answer: C
6. The Truth in Lending Act is primarily designed to:
A) Prevent discrimination in lending practices.
© 2024/2025
Department of Real Estate -
Salesperson
LATEST EXAM GUIDE
Q&S
© 2024/2025
,1. Which of the following best describes a fee simple absolute?
A) The most complete interest in real property that one can own.
B) A life estate that reverts to the state upon death.
C) A leasehold interest for a term of years.
D) A defeasible fee that may end on the occurrence of a
condition.
Correct Answer: A
2. A zoning ordinance would be a matter of:
A) Private control.
B) Public control.
C) Individual preference.
D) Community suggestion.
Correct Answer: B
3. The principle of substitution is MOST important in which type
of property valuation?
A) Cost approach.
B) Income approach.
C) Sales comparison approach.
© 2024/2025
, D) Depreciated replacement cost method.
Correct Answer: C
4. In Georgia, a broker's fiduciary responsibility to their client
includes all EXCEPT:
A) Obedience.
B) Accounting.
C) Disclosure.
D) Appraisal.
Correct Answer: D
5. Which of the following is NOT a method of involuntary
alienation?
A) Foreclosure.
B) Adverse possession.
C) Gift.
D) Eminent domain.
Correct Answer: C
6. The Truth in Lending Act is primarily designed to:
A) Prevent discrimination in lending practices.
© 2024/2025
