Georgia Real Estate Class Final Exam
2025 QUESTIONS AND CORRECT
ANSWERS 100% PASS GRADE
When you list an owner's property for sale you owe them client level services, fiduciary
services which include - CORRECT ANSWER-confidentiality, loyalty, obedience, full
disclosure
a recent appraisal on a property reveals that a home has a leaking roof, dirty carpeting,
updated granite countertops, central heat and air, a full basement, but the home is
affected by a busy highway. What type of depreciation does it suffer from? - CORRECT
ANSWER-physical depreciation due to the roof and carpet and economic due to the
highway
An owner of a home in a subdivision has not paid their own association fees for the past
2 years. What can be done about these past due fees? - CORRECT ANSWER-a
homeowners association can put a lien on the property IF the fees are mandatory
An Italian buyer asks you, their real estate agent, if there is an area in the community
that would be receptive to her culture and family - CORRECT ANSWER-you cannot
answer this question as it would be illegal steering and a violation of state and federal
laws
while under contract but before closing, a buyer and seller wish to increase the axle
price and the seller's contribution at closing by the same amount. What would not be
true by doing this? - CORRECT ANSWER-as long as it is in writing and shown on
amendments signed by all parties this would NOT be mortgage fraud
A home owner tells you, a licensed real estate agent, that you can put a sign in the
yard, hold open houses and if you are successful in selling her home, she will list
additional properties with you. What does the real estate commission require? -
CORRECT ANSWER-Permission to advertise must be in writing
What are the requirements needed to obtain a real estate license? - CORRECT
ANSWER-must be atleast 18, have a highschool diploma or GED, complete a GREC-
approved prelicense course, can be a resident of Georgia or another state
There are 6 members of the GA Real Estate Commission, do they all have to be
licensed for 5 years? - CORRECT ANSWER-no, only 5 of them do
2025 QUESTIONS AND CORRECT
ANSWERS 100% PASS GRADE
When you list an owner's property for sale you owe them client level services, fiduciary
services which include - CORRECT ANSWER-confidentiality, loyalty, obedience, full
disclosure
a recent appraisal on a property reveals that a home has a leaking roof, dirty carpeting,
updated granite countertops, central heat and air, a full basement, but the home is
affected by a busy highway. What type of depreciation does it suffer from? - CORRECT
ANSWER-physical depreciation due to the roof and carpet and economic due to the
highway
An owner of a home in a subdivision has not paid their own association fees for the past
2 years. What can be done about these past due fees? - CORRECT ANSWER-a
homeowners association can put a lien on the property IF the fees are mandatory
An Italian buyer asks you, their real estate agent, if there is an area in the community
that would be receptive to her culture and family - CORRECT ANSWER-you cannot
answer this question as it would be illegal steering and a violation of state and federal
laws
while under contract but before closing, a buyer and seller wish to increase the axle
price and the seller's contribution at closing by the same amount. What would not be
true by doing this? - CORRECT ANSWER-as long as it is in writing and shown on
amendments signed by all parties this would NOT be mortgage fraud
A home owner tells you, a licensed real estate agent, that you can put a sign in the
yard, hold open houses and if you are successful in selling her home, she will list
additional properties with you. What does the real estate commission require? -
CORRECT ANSWER-Permission to advertise must be in writing
What are the requirements needed to obtain a real estate license? - CORRECT
ANSWER-must be atleast 18, have a highschool diploma or GED, complete a GREC-
approved prelicense course, can be a resident of Georgia or another state
There are 6 members of the GA Real Estate Commission, do they all have to be
licensed for 5 years? - CORRECT ANSWER-no, only 5 of them do
