The CE Shop: Final Exam Georgia
Questions and Answers 100% Solved
What is a general lien?
A claim against a person and all of that person's property
A claim against a specific piece of property
A type of mortgage lien
A type of tax lien - ✔✔A claim against a person and all of that person's
property
Which of the following discriminatory practice does the Home Mortgage
Disclosure Act (HMDA) seek to address?
Blockbusting
Credit reporting
1
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,Mortgage applications
Redlining - ✔✔Redlining
What is a real estate mortgage investment conduit (REMIC)?
A company that owns, and usually operates, income-producing real estate
An entity used to pool mortgage loans and issue mortgage-backed
securities
An organization that manages income-producing real estate properties.
An organization with many investors who jointly participate in a real estate
investment - ✔✔An entity used to pool mortgage loans and issue
mortgage-backed securities
Radon has natural origins and is a colorless, odorless, radioactive gas
that's released when ______ decays.
Kryptonite
2
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,Lead
Radonite
Uranium - ✔✔Uranium
Which of the following statements applies to both employees and
independent contractors?
They can set their own work hours.
They're both supervised.
They're not required to work in a specific location.
They're paid by the job and not by the hour - ✔✔They're both supervised.
Which of the following statements about junior loans is true?
A junior loan cannot have a higher principal than a senior loan.
3
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
, A senior loan must be repaid before a junior loan.
The interest rate is usually higher than for a senior loan.
The interest rate is usually lower than for a senior loan. - ✔✔The interest
rate is usually higher than for a senior loan.
Duncan is a real estate licensee. Which Georgia entity is responsible for
adopting rules and regulations to enforce license law regarding Duncan's
activities?
Georgia General Assembly
Georgia Real Estate Commission
The Real Estate Commissioner
The real estate department - ✔✔Georgia Real Estate Commission
How long can a broker wait after non-payment of a commission to record a
lien against a commercial property?
4
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
Questions and Answers 100% Solved
What is a general lien?
A claim against a person and all of that person's property
A claim against a specific piece of property
A type of mortgage lien
A type of tax lien - ✔✔A claim against a person and all of that person's
property
Which of the following discriminatory practice does the Home Mortgage
Disclosure Act (HMDA) seek to address?
Blockbusting
Credit reporting
1
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,Mortgage applications
Redlining - ✔✔Redlining
What is a real estate mortgage investment conduit (REMIC)?
A company that owns, and usually operates, income-producing real estate
An entity used to pool mortgage loans and issue mortgage-backed
securities
An organization that manages income-producing real estate properties.
An organization with many investors who jointly participate in a real estate
investment - ✔✔An entity used to pool mortgage loans and issue
mortgage-backed securities
Radon has natural origins and is a colorless, odorless, radioactive gas
that's released when ______ decays.
Kryptonite
2
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,Lead
Radonite
Uranium - ✔✔Uranium
Which of the following statements applies to both employees and
independent contractors?
They can set their own work hours.
They're both supervised.
They're not required to work in a specific location.
They're paid by the job and not by the hour - ✔✔They're both supervised.
Which of the following statements about junior loans is true?
A junior loan cannot have a higher principal than a senior loan.
3
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
, A senior loan must be repaid before a junior loan.
The interest rate is usually higher than for a senior loan.
The interest rate is usually lower than for a senior loan. - ✔✔The interest
rate is usually higher than for a senior loan.
Duncan is a real estate licensee. Which Georgia entity is responsible for
adopting rules and regulations to enforce license law regarding Duncan's
activities?
Georgia General Assembly
Georgia Real Estate Commission
The Real Estate Commissioner
The real estate department - ✔✔Georgia Real Estate Commission
How long can a broker wait after non-payment of a commission to record a
lien against a commercial property?
4
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
