GEORGIA REAL ESTATE EXAM UPDATE 2024/2025 COMPLETE
Georgia Real Estate
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT
Study online at https://quizlet.com/_9tnl83
ANSWERS) /ALREADY GRADED A+
1. Georgia licensee Greg and buyer Sandra's exclusive Greg and Sandra's buyer
buyer agency agreement was set to expire on March 1. agency agreement is ex-
On Feb 10, Sandra signed a contract with a seller, but it tended to accommodate
fell through 10 days later due to a home inspection is- the 10 days they were un-
sue. What's the termination date of Greg and Sandra's der contract, so the new
buyer agency agreement? expiration date is March
11.
2. Mel, a Georgia real estate salesperson, recently de- Mel is discriminating
clined to represent a Serbian couple who recently against members of a pro-
moved to Atlanta. He feels they require more detailed tected class: national ori-
explanations of real estate transactions. In what way is gin.
Mel violating the unfair trade practices law?
Mel is acting outside the scope of his license.
Mel is being dishonest.
Mel is discriminating.
Mel is showing a conflict of interest.
3. A due-on-sale clause is also known as a(n) ______ A due-on-sale clause is
clause. also known as an alien-
ation clause.
Acceleration
Alienation
Exculpatory
Subordination
4. Which of the following statements about continu- For the first renewal cy-
ing education requirements is true for real estate li- cle, 25 hours of continuing
censees in Georgia? education must be com-
For each renewal cycle, 25 hours of post-licensing ed- pleted within one year of
ucation and 36 hours of continuing education are re- license issuance, and an-
quired. other 27 hours of con-
, Georgia Real Estate
Study online at https://quizlet.com/_9tnl83
tinuing education are re-
For the first four-year renewal, only the 25 hours of quired.
post-licensing are required. For subsequent renewals,
36 hours of continuing education are required. The requirement for the
first year is 25 hours of
For the first license renewal, licensees may opt to com- post-licensing education,
plete the 25 post-licensing hours and the 36 hours of and nine of those hours
continuing education at any time during the four-year count toward the 36-hour
renewal period. CE requirement for the
first four-year renewal cy-
For the first renewal cycle, 25 hours of continuing ed-
cle, leaving 27 hours of CE
ucation must be completed within one year of license
to be completed.
issuance, and another 27 hours of continuing educa-
tion are required.
5. Andrea's lender has notified her of its intent to fore- Andrea can cure the de-
close. Her loan is secured with a security deed. What fault and reinstate the
rights does she have to redeem her property? loan.
Andrea can cure the default and reinstate the loan. The security deed gives
Andrea the right to cure
Andrea can negotiate a new loan with the trustee of the default and reinstate
her current loan and regain title to the property. the loan, but no rights of
redemption after the sale.
Andrea can purchase the property from the auction
winner who is required to transfer title for 102% of the
sale price.
Andrea has a statutory right of redemption; she can
redeem the property after the foreclosure sale.
6. A due on sale clause, is also know as a ______________ Alienation
clause
Georgia Real Estate
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT
Study online at https://quizlet.com/_9tnl83
ANSWERS) /ALREADY GRADED A+
1. Georgia licensee Greg and buyer Sandra's exclusive Greg and Sandra's buyer
buyer agency agreement was set to expire on March 1. agency agreement is ex-
On Feb 10, Sandra signed a contract with a seller, but it tended to accommodate
fell through 10 days later due to a home inspection is- the 10 days they were un-
sue. What's the termination date of Greg and Sandra's der contract, so the new
buyer agency agreement? expiration date is March
11.
2. Mel, a Georgia real estate salesperson, recently de- Mel is discriminating
clined to represent a Serbian couple who recently against members of a pro-
moved to Atlanta. He feels they require more detailed tected class: national ori-
explanations of real estate transactions. In what way is gin.
Mel violating the unfair trade practices law?
Mel is acting outside the scope of his license.
Mel is being dishonest.
Mel is discriminating.
Mel is showing a conflict of interest.
3. A due-on-sale clause is also known as a(n) ______ A due-on-sale clause is
clause. also known as an alien-
ation clause.
Acceleration
Alienation
Exculpatory
Subordination
4. Which of the following statements about continu- For the first renewal cy-
ing education requirements is true for real estate li- cle, 25 hours of continuing
censees in Georgia? education must be com-
For each renewal cycle, 25 hours of post-licensing ed- pleted within one year of
ucation and 36 hours of continuing education are re- license issuance, and an-
quired. other 27 hours of con-
, Georgia Real Estate
Study online at https://quizlet.com/_9tnl83
tinuing education are re-
For the first four-year renewal, only the 25 hours of quired.
post-licensing are required. For subsequent renewals,
36 hours of continuing education are required. The requirement for the
first year is 25 hours of
For the first license renewal, licensees may opt to com- post-licensing education,
plete the 25 post-licensing hours and the 36 hours of and nine of those hours
continuing education at any time during the four-year count toward the 36-hour
renewal period. CE requirement for the
first four-year renewal cy-
For the first renewal cycle, 25 hours of continuing ed-
cle, leaving 27 hours of CE
ucation must be completed within one year of license
to be completed.
issuance, and another 27 hours of continuing educa-
tion are required.
5. Andrea's lender has notified her of its intent to fore- Andrea can cure the de-
close. Her loan is secured with a security deed. What fault and reinstate the
rights does she have to redeem her property? loan.
Andrea can cure the default and reinstate the loan. The security deed gives
Andrea the right to cure
Andrea can negotiate a new loan with the trustee of the default and reinstate
her current loan and regain title to the property. the loan, but no rights of
redemption after the sale.
Andrea can purchase the property from the auction
winner who is required to transfer title for 102% of the
sale price.
Andrea has a statutory right of redemption; she can
redeem the property after the foreclosure sale.
6. A due on sale clause, is also know as a ______________ Alienation
clause
