ANSWERS.
How often *must* you take continuing education? - Correct Answer *Every 4 years*.
In Georgia, which of the following is *NOT* a cost or expense of owning a home? - Correct
Answer Taxes on *personal property*.
A *Broker's*, license fee costs how much? - Correct Answer *$170*
All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special
Assessments, Statutory Right of Redemption, Equitable Right of Redemption - Correct
Answer *Statutory Right of Redemption*
Which of the following statements about a *Management Agreement* is *FALSE*? -
Correct Answer *It is FALSE that*: it requires the Property Manager to work diligently to
maximize the Licensee's rate of return.
An item of *Functional Obsolescence* is considered *incurable* if the: - Correct Answer
cost to repair is more than the value it ads.
What is *TRUE* about an *Associate Broker* in Georgia? - Correct Answer 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 Answer *Land
Lots* and *Districts*.
Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? - Correct Answer
Georgia allows *Joint Tenancy.*
How many hours of continuing education are required to renew a 4 year real estate
*Salespersons*, license? - Correct Answer 24
What is *Homestead Protection*? - Correct Answer 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 Answer *NOT* a Covenant of, *Further Assurance*.
To keep a Georgia Sales Associate License, an individual must do all of the following
*EXCEPT*: - Correct 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*? -
Correct Answer *Certified General*
The real estate records in Georgia are maintained by the: - Correct Answer *Clerk of
Superior Court*
To be recorded in Georgia, the deed must be witnessed by: - Correct Answer one 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. -
Correct 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: - Correct Answer a
*DISPOSSESSION*.
Real property legal descriptions in Georgia can be based on all of the following
*EXCEPT*: Land Lots, Township, Georgia Militia Districts, Districts. - Correct Answer
*EXCEPT, Township*.
Under Georgia law, to claim adverse possession, the claim *Must* be: - Correct Answer
*Must be,* Accompanied by a *Claim of Right* and *Free of Fraud.*
The relationship between *Broker and Seller* is generally what type of agency? - Correct
Answer *Special*.
Which *State Agency* is responsible for the implementation of the *Georgia Lead Paint
Prevention Act* of 1994? - Correct Answer *Georgia Department of Natural resources*.