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Exam (elaborations)

GA REAL ESTATE EXAM PREP-HARD QUESTIONS AND ANSWERS.

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GAREALESTATEEXAM PREP-HARDQUESTIONSAND 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*

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Institution
GA REAL ESTATE
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GA REAL ESTATE

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Uploaded on
December 13, 2024
Number of pages
9
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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GA REAL ESTATE EXAM PREP-HARD QUESTIONS AND
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*.

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