025 REAL ACTUAL GEORGIA REAL
2
ESTATE U TEST EXAM WITH
QUESTIONS & 100% VERIFIED
ANSWERS GUARANTEED A
hat is a lien theory state?
W
CORRECT ANSWER—- The homeowner holds the deed for the property
throughout the entire loan.
here is a mixed-use property for sale in Cassie's community, and a buyer walks into
T
her office looking for a residential space. Should Cassie consider showing him the
property zoned mixed-use?
CORRECT ANSWER—- Yes, because mixed-use is a combination of commercial
and residential real estate
n investor who bought a rental house needs someone to take care of the property,
A
screen prospective renters, coordinate repairs, handle maintenance and tenant
concerns, and evictions, if necessary. He's looking for a...?
CORRECT ANSWER—- Property manager
In economics, supply is...?
CORRECT ANSWER—- The quantity of goods or services available, whether in
abundance or scarcity.
In economics, demand is...?
The supply of willing and able consumers, which can be few or numerous.
When the supply is limited and demand is high...?
CORRECT ANSWER—- Prices escalate
o become a real estate broker, a person must have...?
T
CORRECT ANSWER—- Experience as an agent, a broker's license, and additional
education.
, eal estate brokers are paid a commission for the sales, and...?
R
The commission, which can vary, is split between the broker and agent.
Property types are generally categorized by the ......?...... that applies to that property.
CORRECT ANSWER—- Zoning Law
family is going to build their dream home, and they've looked at several house plans,
A
but they haven't found one that is exactly right. They'd like to take some parts from one
plan and combine it with parts from another, with some additional innovations of their
own. They want someone who can design and plan their home and work with the
contractors to build it. The person they need to find is ...?
CORRECT ANSWER—- An Architect
ingle family homes are...?
S
CORRECT ANSWER—- Private freestanding residential houses
he effect of the first-time homebuyer's tax credit was to...?
T
CORRECT ANSWER—- Motivate people to buy homes
eal estate agents work with...?
R
CORRECT ANSWER—- Buyers and Sellers
hen supply is plentiful and demand is low...?
W
CORRECT ANSWER—- Prices drop
am is looking for a warehouse, and he wants to find a real estate agent or broker who
S
is knowledgeable in this area. He's starting a business, and it will require space for
assembly and production, but he also needs to be able to use it for distribution,
warehousing, and research and development. He needs to find...?
CORRECT ANSWER—- A agent that specializes in industrial property
ingle-family homes and single-family lots are always considered...?
S
CORRECT ANSWER—- Residential Property
ill in the blank. ............ represent both the buyer and seller or both the tenant and
F
landlord in the same transaction.
CORRECT ANSWER—- Dual Agents
If you serve in the army reserve and are studying to be a broker, you effectively get 10
points added to your score. Which of the following is true?
, ORRECT ANSWER—- 5 points are added in each of Information Gathering and
C
Decision Making sections.
If the Commission denies your application based on a conviction or disciplinary action,
what rights do you have?
CORRECT ANSWER—- You have the right to a hearing for a final determination.
very salesperson has to provide the Commission with evidence that they completed a
E
.....?....... post-license course within one year of obtaining their license.
CORRECT ANSWER—- 25 hours
ans Rosenstein moved from Florida, where he was a sales agent, to Georgia. Hans
H
completed his post-license course in Florida, a state considered similar to Georgia in
terms of real estate law. Does Hans have to take the post-license course in Georgia?
CORRECT ANSWER—- No
Jolie Harper is a licensed real estate agent in a Georgia brokerage. She is offered a job
selling condos for the unlicensed owner-developer. Jolie must ......?...... and will have to
reapply if she decides to practice as a salesperson under a brokerage again.
CORRECT ANSWER—- Inactive her license
ny lapse longer than two years and under five years can be reinstated by paying back
A
fees and taking the appropriate class. Which of the following is not a valid answer?
CORRECT ANSWER—- For appraisers, they must take the Salespersons
Prelicense Course.
rince Stover moves his Athens brokerage to a location with more foot traffic. He must
P
notify the Commission within ......?...... days of his new address.
CORRECT ANSWER—- 30
............ is required prior to advertising property for rent, sale, lease or exchange.
CORRECT ANSWER—- Written permission to advertise
If a licensee makes an offer on a property as part of a brokerage engagement or an
extension of an engagement, the terms and conditions of the engagement must be set
down in a...?
CORRECT ANSWER—- Written agreement
ill in the appropriate amounts. The activation fee to apply for a license as an individual
F
or associate broker, salesperson, or community association manager is ............. The
, ctivation fee for a new firm, school or instructor is ............. Both fees include $20
a
toward the Real Estate Education, Research and Recovery Fund.
CORRECT ANSWER—- $45 (Dollars) / $75 (Dollars)
it Benning is a sales agent who decides to buy a property currently listed for her
K
clients, the Winstons. Kit finds a home that the Winstons wish to purchase. While
drawing up the sales contracts, she makes her purchase of the Winstons home
contingent on their extending the brokerage engagement by 60 days to allow time for
the closings. Which of the following is true?
CORRECT ANSWER—- This meets the requirement of the rule.
licensee cannot falsify a record, or knowingly allow a record to be falsified, either
A
orally or in writing, by a third party. This rule covers the following misinformation,
EXCEPT:
CORRECT ANSWER—- The actual real lease, sales, or exchange price
hen representing the seller, a licensee is obligated to present ......?...... to procure a
W
property for sale.
CORRECT ANSWER—- Any signed offer
broker should keep copies of documents and records for...?
A
CORRECT ANSWER—- 3 years
If a broker wants to open a brokerage under a fictitious name, the brokerage license
must be under the...?
Fictious name
Every broker has to maintain an accounting system to include the following information,
EXCEPT:
The name of the broker's lawyer.
............ involve licensees with property management relationships with their clients. Any
written property management agreement must identify the property being managed and
list the terms and conditions of the manager's responsibilities.
Management Agreements
Drew Fenstemaker writes a contract that guarantees seller Warren Wilson $100,000 for
his property, while Drew walks away with any amount resulting from a sales price over
$100,000. However, if the home sells for less than $100,000, Drew must make up the
deficit. Which of the following statements is correct?
Even if Warren is happy with this arrangement, net brokerage agreements are illegal in
Georgia and Drew is risking his license with this rather shady deal.
The Georgia Real Estate Commission includes a chair and...?
2
ESTATE U TEST EXAM WITH
QUESTIONS & 100% VERIFIED
ANSWERS GUARANTEED A
hat is a lien theory state?
W
CORRECT ANSWER—- The homeowner holds the deed for the property
throughout the entire loan.
here is a mixed-use property for sale in Cassie's community, and a buyer walks into
T
her office looking for a residential space. Should Cassie consider showing him the
property zoned mixed-use?
CORRECT ANSWER—- Yes, because mixed-use is a combination of commercial
and residential real estate
n investor who bought a rental house needs someone to take care of the property,
A
screen prospective renters, coordinate repairs, handle maintenance and tenant
concerns, and evictions, if necessary. He's looking for a...?
CORRECT ANSWER—- Property manager
In economics, supply is...?
CORRECT ANSWER—- The quantity of goods or services available, whether in
abundance or scarcity.
In economics, demand is...?
The supply of willing and able consumers, which can be few or numerous.
When the supply is limited and demand is high...?
CORRECT ANSWER—- Prices escalate
o become a real estate broker, a person must have...?
T
CORRECT ANSWER—- Experience as an agent, a broker's license, and additional
education.
, eal estate brokers are paid a commission for the sales, and...?
R
The commission, which can vary, is split between the broker and agent.
Property types are generally categorized by the ......?...... that applies to that property.
CORRECT ANSWER—- Zoning Law
family is going to build their dream home, and they've looked at several house plans,
A
but they haven't found one that is exactly right. They'd like to take some parts from one
plan and combine it with parts from another, with some additional innovations of their
own. They want someone who can design and plan their home and work with the
contractors to build it. The person they need to find is ...?
CORRECT ANSWER—- An Architect
ingle family homes are...?
S
CORRECT ANSWER—- Private freestanding residential houses
he effect of the first-time homebuyer's tax credit was to...?
T
CORRECT ANSWER—- Motivate people to buy homes
eal estate agents work with...?
R
CORRECT ANSWER—- Buyers and Sellers
hen supply is plentiful and demand is low...?
W
CORRECT ANSWER—- Prices drop
am is looking for a warehouse, and he wants to find a real estate agent or broker who
S
is knowledgeable in this area. He's starting a business, and it will require space for
assembly and production, but he also needs to be able to use it for distribution,
warehousing, and research and development. He needs to find...?
CORRECT ANSWER—- A agent that specializes in industrial property
ingle-family homes and single-family lots are always considered...?
S
CORRECT ANSWER—- Residential Property
ill in the blank. ............ represent both the buyer and seller or both the tenant and
F
landlord in the same transaction.
CORRECT ANSWER—- Dual Agents
If you serve in the army reserve and are studying to be a broker, you effectively get 10
points added to your score. Which of the following is true?
, ORRECT ANSWER—- 5 points are added in each of Information Gathering and
C
Decision Making sections.
If the Commission denies your application based on a conviction or disciplinary action,
what rights do you have?
CORRECT ANSWER—- You have the right to a hearing for a final determination.
very salesperson has to provide the Commission with evidence that they completed a
E
.....?....... post-license course within one year of obtaining their license.
CORRECT ANSWER—- 25 hours
ans Rosenstein moved from Florida, where he was a sales agent, to Georgia. Hans
H
completed his post-license course in Florida, a state considered similar to Georgia in
terms of real estate law. Does Hans have to take the post-license course in Georgia?
CORRECT ANSWER—- No
Jolie Harper is a licensed real estate agent in a Georgia brokerage. She is offered a job
selling condos for the unlicensed owner-developer. Jolie must ......?...... and will have to
reapply if she decides to practice as a salesperson under a brokerage again.
CORRECT ANSWER—- Inactive her license
ny lapse longer than two years and under five years can be reinstated by paying back
A
fees and taking the appropriate class. Which of the following is not a valid answer?
CORRECT ANSWER—- For appraisers, they must take the Salespersons
Prelicense Course.
rince Stover moves his Athens brokerage to a location with more foot traffic. He must
P
notify the Commission within ......?...... days of his new address.
CORRECT ANSWER—- 30
............ is required prior to advertising property for rent, sale, lease or exchange.
CORRECT ANSWER—- Written permission to advertise
If a licensee makes an offer on a property as part of a brokerage engagement or an
extension of an engagement, the terms and conditions of the engagement must be set
down in a...?
CORRECT ANSWER—- Written agreement
ill in the appropriate amounts. The activation fee to apply for a license as an individual
F
or associate broker, salesperson, or community association manager is ............. The
, ctivation fee for a new firm, school or instructor is ............. Both fees include $20
a
toward the Real Estate Education, Research and Recovery Fund.
CORRECT ANSWER—- $45 (Dollars) / $75 (Dollars)
it Benning is a sales agent who decides to buy a property currently listed for her
K
clients, the Winstons. Kit finds a home that the Winstons wish to purchase. While
drawing up the sales contracts, she makes her purchase of the Winstons home
contingent on their extending the brokerage engagement by 60 days to allow time for
the closings. Which of the following is true?
CORRECT ANSWER—- This meets the requirement of the rule.
licensee cannot falsify a record, or knowingly allow a record to be falsified, either
A
orally or in writing, by a third party. This rule covers the following misinformation,
EXCEPT:
CORRECT ANSWER—- The actual real lease, sales, or exchange price
hen representing the seller, a licensee is obligated to present ......?...... to procure a
W
property for sale.
CORRECT ANSWER—- Any signed offer
broker should keep copies of documents and records for...?
A
CORRECT ANSWER—- 3 years
If a broker wants to open a brokerage under a fictitious name, the brokerage license
must be under the...?
Fictious name
Every broker has to maintain an accounting system to include the following information,
EXCEPT:
The name of the broker's lawyer.
............ involve licensees with property management relationships with their clients. Any
written property management agreement must identify the property being managed and
list the terms and conditions of the manager's responsibilities.
Management Agreements
Drew Fenstemaker writes a contract that guarantees seller Warren Wilson $100,000 for
his property, while Drew walks away with any amount resulting from a sales price over
$100,000. However, if the home sells for less than $100,000, Drew must make up the
deficit. Which of the following statements is correct?
Even if Warren is happy with this arrangement, net brokerage agreements are illegal in
Georgia and Drew is risking his license with this rather shady deal.
The Georgia Real Estate Commission includes a chair and...?
