GA REAL ESTATE EXAM PREP / HARD
QUESTIONS & ANSWERS 100%
CORRECT!!
How often *must* you take continuing education? - ANSWER*Every 4 years*.
In Georgia, which of the following is *NOT* a cost or expense of owning a home? -
ANSWERTaxes on *personal property*.
A *Broker's*, license fee costs how much? - ANSWER*$170*
All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special
Assessments, Statutory Right of Redemption, Equitable Right of Redemption -
ANSWER*Statutory Right of Redemption*
Which of the following statements about a *Management Agreement* is *FALSE*? -
ANSWER*It is FALSE that*: it requires the Property Manager to work diligently to
maximize the Licensee's rate of return.
Which of the following is *NOT*, a *Covenant of Warranty* in a *Georgia General
Warranty Deed*? - ANSWER*NOT* a Covenant of, *Further Assurance*.
To keep a Georgia Sales Associate License, an individual must do all of the following
*EXCEPT*: - ANSWER*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*?
- ANSWER*Certified General*
An item of *Functional Obsolescence* is considered *incurable* if the: -
ANSWERcost to repair is more than the value it ads.
What is *TRUE* about an *Associate Broker* in Georgia? - ANSWERBoth 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: - ANSWER*Land
Lots* and *Districts*.
Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? -
ANSWERGeorgia allows *Joint Tenancy.*
How many hours of continuing education are required to renew a 4 year real estate
*Salespersons*, license? - ANSWER24
, What is *Homestead Protection*? - ANSWERThe status provided to a homeowner's
principal residence that *protects the home against judgement*, up to a specified
amount.
The real estate records in Georgia are maintained by the: - ANSWER*Clerk of
Superior Court*
To be recorded in Georgia, the deed must be witnessed by: - ANSWERone official
witness and one unofficial witness.
A buyer signs a contract to purchase a commercial building in Savannah. The
contract is silent as to who bears the risk of loss proper to closing. *After the contract
is signed, but before the closing*, the building burns to the ground.According to
Georgia law the. - ANSWER*BUYER* must bear the risk of loss or damage before
the closing.
In Georgia, the Landlord's eviction of a tenant is generally known as: - ANSWERa
*DISPOSSESSION*.
Real property legal descriptions in Georgia can be based on all of the following
*EXCEPT*: Land Lots, Township, Georgia Militia Districts, Districts. -
ANSWER*EXCEPT, Township*.
Under Georgia law, to claim adverse possession, the claim *Must* be: -
ANSWER*Must be,* Accompanied by a *Claim of Right* and *Free of Fraud.*
In Georgia, *Broker Duties* owed to a client: - ANSWERAre determined by
*BRRETA* or *Brokerage Relationships in Real Estate Transaction's act*
Georgia uses which of the following *theories of mortgage (security deed)*? -
ANSWER*Intermediate Theory.*
An auctioneer who auctions real estate *MUST* have. - ANSWER*BOTH* a Real
Estate Sales Person's or Broker's license and an Auctioneer's license.
The relationship between *Broker and Seller* is generally what type of agency? -
ANSWER*Special*.
Which *State Agency* is responsible for the implementation of the *Georgia Lead
Paint Prevention Act* of 1994? - ANSWER*Georgia Department of Natural
resources*.
In Georgia, the legal document that pledges the property as collateral for repayment
of the loan is the: - ANSWER*Security Deed*.
A community that merges, housing, recreation and commercial units into one self
contained development is called a : - ANSWER*pud*.
QUESTIONS & ANSWERS 100%
CORRECT!!
How often *must* you take continuing education? - ANSWER*Every 4 years*.
In Georgia, which of the following is *NOT* a cost or expense of owning a home? -
ANSWERTaxes on *personal property*.
A *Broker's*, license fee costs how much? - ANSWER*$170*
All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special
Assessments, Statutory Right of Redemption, Equitable Right of Redemption -
ANSWER*Statutory Right of Redemption*
Which of the following statements about a *Management Agreement* is *FALSE*? -
ANSWER*It is FALSE that*: it requires the Property Manager to work diligently to
maximize the Licensee's rate of return.
Which of the following is *NOT*, a *Covenant of Warranty* in a *Georgia General
Warranty Deed*? - ANSWER*NOT* a Covenant of, *Further Assurance*.
To keep a Georgia Sales Associate License, an individual must do all of the following
*EXCEPT*: - ANSWER*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*?
- ANSWER*Certified General*
An item of *Functional Obsolescence* is considered *incurable* if the: -
ANSWERcost to repair is more than the value it ads.
What is *TRUE* about an *Associate Broker* in Georgia? - ANSWERBoth 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: - ANSWER*Land
Lots* and *Districts*.
Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? -
ANSWERGeorgia allows *Joint Tenancy.*
How many hours of continuing education are required to renew a 4 year real estate
*Salespersons*, license? - ANSWER24
, What is *Homestead Protection*? - ANSWERThe status provided to a homeowner's
principal residence that *protects the home against judgement*, up to a specified
amount.
The real estate records in Georgia are maintained by the: - ANSWER*Clerk of
Superior Court*
To be recorded in Georgia, the deed must be witnessed by: - ANSWERone official
witness and one unofficial witness.
A buyer signs a contract to purchase a commercial building in Savannah. The
contract is silent as to who bears the risk of loss proper to closing. *After the contract
is signed, but before the closing*, the building burns to the ground.According to
Georgia law the. - ANSWER*BUYER* must bear the risk of loss or damage before
the closing.
In Georgia, the Landlord's eviction of a tenant is generally known as: - ANSWERa
*DISPOSSESSION*.
Real property legal descriptions in Georgia can be based on all of the following
*EXCEPT*: Land Lots, Township, Georgia Militia Districts, Districts. -
ANSWER*EXCEPT, Township*.
Under Georgia law, to claim adverse possession, the claim *Must* be: -
ANSWER*Must be,* Accompanied by a *Claim of Right* and *Free of Fraud.*
In Georgia, *Broker Duties* owed to a client: - ANSWERAre determined by
*BRRETA* or *Brokerage Relationships in Real Estate Transaction's act*
Georgia uses which of the following *theories of mortgage (security deed)*? -
ANSWER*Intermediate Theory.*
An auctioneer who auctions real estate *MUST* have. - ANSWER*BOTH* a Real
Estate Sales Person's or Broker's license and an Auctioneer's license.
The relationship between *Broker and Seller* is generally what type of agency? -
ANSWER*Special*.
Which *State Agency* is responsible for the implementation of the *Georgia Lead
Paint Prevention Act* of 1994? - ANSWER*Georgia Department of Natural
resources*.
In Georgia, the legal document that pledges the property as collateral for repayment
of the loan is the: - ANSWER*Security Deed*.
A community that merges, housing, recreation and commercial units into one self
contained development is called a : - ANSWER*pud*.
