Georgia Real Estate Exam Study Guide
Questions With Correct Answers
The |acquisition |of |title |by |the |owner |of |real |property |to |those |things |attached |to |the |property
|by |others, |such |as |tenants, |trespassers, |or |by |nature. |- |CORRECT |ANSWER✔✔-Accession
A |measure |of |land |area |equal |to |43560 |square |feet. |- |CORRECT |ANSWER✔✔-Acre
The |number |of |squarefeet |in |one |acre. |- |CORRECT |ANSWER✔✔-43560
Status |of |an |individual |who |has |met |all |qualifications |to |practice |real |estate |as |a |broker, |
associate |broker, |or |salesperson; |and |such |license |is |held |by |a |broker, |rather |than |by |the |
Commission. |- |CORRECT |ANSWER✔✔-Active |License
A |designated |air |space |over |a |parcel |of |land. |In |condominiums, |each |individual |unit |occupies |a
|separate |one. |- |CORRECT |ANSWER✔✔-Air |Lot
The |right |to |use |and |enjoy |the |air |space |above |a |parcel |of |land. |Such |rights |may |be |leased |or |
sold |separately |from |the |land. |- |CORRECT |ANSWER✔✔-Air |Rights
Anything |that |may |be |used |with |the |land |for |its |benefit |and |goes |to |the |new |owner |when |
ownership |of |the |land |is |transferred. |Mineral |rights, |air |rights, |water |rights, |easements, |
improvements, |and |natural |attachments |are |examples. |- |CORRECT |ANSWER✔✔-Appurtenance
Man-made |objects |such |as |streets, |fences, |iron |pins, |concrete |posts, |etc. |- |CORRECT |
ANSWER✔✔-Artificial |Monuments
,A |person |who |has |met |all |qualifications |to |be |licensed |as |a |broker, |but |who |elects |to |act |on |
behalf |of |another |broker |in |performing |any |act |authorized |by |law |to |be |performed |by |a |
broker. |- |CORRECT |ANSWER✔✔-Associate |Broker
Legal |counsel |for |the |state. |Whenever |the |Commission |believes |a |serious |violation |of |the |
License |Law |has |occurred, |the |____________ |may |bring |an |action |in |the |name |of |the |state |to |
enforce |compliance. |- |CORRECT |ANSWER✔✔-Attorney |General
Certain |reference |lines |which |run |east |and |west; |used |in |rectangular |survey |system |to |locate |
land. |- |CORRECT |ANSWER✔✔-Baseline
A |permanent |reference |point |of |known |location |used |by |surveyors. |A |________ |may |be |a |
point |established |by |a |government |survey |team |or |a |fixed |monument |such |as |a |road |right-of-
way. |- |CORRECT |ANSWER✔✔-Bench |Mark
A |document |which |conveys |ownership |to |personal |property. |- |CORRECT |ANSWER✔✔-Bill |of |
Sale
An |individual |or |legal |entity |licensed |to |act |as |the |agent |of |another |in |buying, |selling, |
exchanging, |renting, |leasing, |managing, |or |auctioning |real |estate |for |another. |- |CORRECT |
ANSWER✔✔-Broker
The |compass |direction |and |distance |for |each |boundary |line. |- |CORRECT |ANSWER✔✔-Call
Disciplinary |power |of |the |Commission |whereby |it |reprimands |a |licensee, |usually |for |technical |
violations |occurring |for |the |first |time. |- |CORRECT |ANSWER✔✔-Censure
Personal |property. |- |CORRECT |ANSWER✔✔-Chattel
,The |metes |and |bounds |legal |description |must |return |to |the |point |of |beginning |or |the |
description |is |incomplete. |- |CORRECT |ANSWER✔✔-Closure
Participation |of |more |than |one |broker |in |a |real |estate |transaction. |- |CORRECT |ANSWER✔✔-
Co-brokering
Mixing |funds |held |in |trust |with |the |brokers |personal |or |business |accounts. |- |CORRECT |
ANSWER✔✔-Commingling
The |state |licensing |authority |charged |with |the |enforcement |of |the |Real |Estate |License |Law. |- |
CORRECT |ANSWER✔✔-The |Real |Estate |Commission
The |transfer |to |someone |other |than |the |owner |of |the |land |the |rights |to |remove |attachments |
such |as |timber, |or |buildings, |or |the |right |to |remove |minerals. |- |CORRECT |ANSWER✔✔-
Constructive |Severance
The |shape |of |the |earths |surface. |- |CORRECT |ANSWER✔✔-Contour
The |doctrine |of |law |which |allows |riparian |owners |in |certain |states |to |use |only |a |reasonable |
share |of |water |during |periods |of |drought. |- |CORRECT |ANSWER✔✔-Correlative |Rights
A |point |of |surface |of |known |location |from |which |heights |and |depths |are |measured. |The |basic |
point |from |which |vertical |land(air |rights |and |mineral |rights) |is |described. |- |CORRECT |
ANSWER✔✔-Datum
Representing |both |the |buyer |and |the |seller |in |the |same |transaction. |This |practice |constitutes |a
|violation |of |License |Law, |unless |both |parties |give |their |written |consent. |- |CORRECT |
ANSWER✔✔-Dual |Agency
, The |purchaser's |initial |commitment |of |something |of |value |to |indicate |that |he/she |wants |to |
buy |the |property |according |to |the |terms |of |the |offer |being |submitted. |_______ |deposits |
received |by |the |broker |must |be |placed |in |her/her |designated |trust |account, |until |the |
transaction |is |either |closed |or |otherwise |terminated. |- |CORRECT |ANSWER✔✔-Earnest |Money
Crops |that |require |annual |cultivation. |They |are |considered |personal |property |even |though |it |is
|attached |to |the |land. |- |CORRECT |ANSWER✔✔-Emblements
A |separate |account |which |a |broker |must |maintain |for |the |deposit |of |all |funds |coming |into |
his/her |possession |that |belongs |to |others. |Before |a |broker's |license |will |be |issued, |the |broker |
must |authorize |the |Commission |to |examine |the |account |at |any |time. |- |CORRECT |ANSWER✔✔-
Escrow |Account
Person |named |in |a |will |to |carry |out |the |directions |and |requests |of |the |deceased. |- |CORRECT |
ANSWER✔✔-Executor
An |item |that |was |once |personal |property |but |has |become |real |property |because |of |the |
manner |in |which |it |was |attached |to |the |land |or |its |improvements. |- |CORRECT |ANSWER✔✔-
Fixture
Crops |that |are |planted |and |harvested |each |year. |- |CORRECT |ANSWER✔✔-Fructus |Industriales
Growing |things |which |require |no |annual |cultivation. |- |CORRECT |ANSWER✔✔-Fructus |
Naturales
A |state |law |which |requires |administrative |bodies |such |as |the |Georgia |Real |Estate |Commission |
to |follow |certain |procedures |in |its |investigative |process |and |before |exercising |its |disciplinary |
powers. |For |example, |before |the |Commission |can |impose |a |sanction |against |a |license, |the |
licensee |must |be |given |a |hearing. |- |CORRECT |ANSWER✔✔-Georgia |Administrative |Procedures |
Act
Questions With Correct Answers
The |acquisition |of |title |by |the |owner |of |real |property |to |those |things |attached |to |the |property
|by |others, |such |as |tenants, |trespassers, |or |by |nature. |- |CORRECT |ANSWER✔✔-Accession
A |measure |of |land |area |equal |to |43560 |square |feet. |- |CORRECT |ANSWER✔✔-Acre
The |number |of |squarefeet |in |one |acre. |- |CORRECT |ANSWER✔✔-43560
Status |of |an |individual |who |has |met |all |qualifications |to |practice |real |estate |as |a |broker, |
associate |broker, |or |salesperson; |and |such |license |is |held |by |a |broker, |rather |than |by |the |
Commission. |- |CORRECT |ANSWER✔✔-Active |License
A |designated |air |space |over |a |parcel |of |land. |In |condominiums, |each |individual |unit |occupies |a
|separate |one. |- |CORRECT |ANSWER✔✔-Air |Lot
The |right |to |use |and |enjoy |the |air |space |above |a |parcel |of |land. |Such |rights |may |be |leased |or |
sold |separately |from |the |land. |- |CORRECT |ANSWER✔✔-Air |Rights
Anything |that |may |be |used |with |the |land |for |its |benefit |and |goes |to |the |new |owner |when |
ownership |of |the |land |is |transferred. |Mineral |rights, |air |rights, |water |rights, |easements, |
improvements, |and |natural |attachments |are |examples. |- |CORRECT |ANSWER✔✔-Appurtenance
Man-made |objects |such |as |streets, |fences, |iron |pins, |concrete |posts, |etc. |- |CORRECT |
ANSWER✔✔-Artificial |Monuments
,A |person |who |has |met |all |qualifications |to |be |licensed |as |a |broker, |but |who |elects |to |act |on |
behalf |of |another |broker |in |performing |any |act |authorized |by |law |to |be |performed |by |a |
broker. |- |CORRECT |ANSWER✔✔-Associate |Broker
Legal |counsel |for |the |state. |Whenever |the |Commission |believes |a |serious |violation |of |the |
License |Law |has |occurred, |the |____________ |may |bring |an |action |in |the |name |of |the |state |to |
enforce |compliance. |- |CORRECT |ANSWER✔✔-Attorney |General
Certain |reference |lines |which |run |east |and |west; |used |in |rectangular |survey |system |to |locate |
land. |- |CORRECT |ANSWER✔✔-Baseline
A |permanent |reference |point |of |known |location |used |by |surveyors. |A |________ |may |be |a |
point |established |by |a |government |survey |team |or |a |fixed |monument |such |as |a |road |right-of-
way. |- |CORRECT |ANSWER✔✔-Bench |Mark
A |document |which |conveys |ownership |to |personal |property. |- |CORRECT |ANSWER✔✔-Bill |of |
Sale
An |individual |or |legal |entity |licensed |to |act |as |the |agent |of |another |in |buying, |selling, |
exchanging, |renting, |leasing, |managing, |or |auctioning |real |estate |for |another. |- |CORRECT |
ANSWER✔✔-Broker
The |compass |direction |and |distance |for |each |boundary |line. |- |CORRECT |ANSWER✔✔-Call
Disciplinary |power |of |the |Commission |whereby |it |reprimands |a |licensee, |usually |for |technical |
violations |occurring |for |the |first |time. |- |CORRECT |ANSWER✔✔-Censure
Personal |property. |- |CORRECT |ANSWER✔✔-Chattel
,The |metes |and |bounds |legal |description |must |return |to |the |point |of |beginning |or |the |
description |is |incomplete. |- |CORRECT |ANSWER✔✔-Closure
Participation |of |more |than |one |broker |in |a |real |estate |transaction. |- |CORRECT |ANSWER✔✔-
Co-brokering
Mixing |funds |held |in |trust |with |the |brokers |personal |or |business |accounts. |- |CORRECT |
ANSWER✔✔-Commingling
The |state |licensing |authority |charged |with |the |enforcement |of |the |Real |Estate |License |Law. |- |
CORRECT |ANSWER✔✔-The |Real |Estate |Commission
The |transfer |to |someone |other |than |the |owner |of |the |land |the |rights |to |remove |attachments |
such |as |timber, |or |buildings, |or |the |right |to |remove |minerals. |- |CORRECT |ANSWER✔✔-
Constructive |Severance
The |shape |of |the |earths |surface. |- |CORRECT |ANSWER✔✔-Contour
The |doctrine |of |law |which |allows |riparian |owners |in |certain |states |to |use |only |a |reasonable |
share |of |water |during |periods |of |drought. |- |CORRECT |ANSWER✔✔-Correlative |Rights
A |point |of |surface |of |known |location |from |which |heights |and |depths |are |measured. |The |basic |
point |from |which |vertical |land(air |rights |and |mineral |rights) |is |described. |- |CORRECT |
ANSWER✔✔-Datum
Representing |both |the |buyer |and |the |seller |in |the |same |transaction. |This |practice |constitutes |a
|violation |of |License |Law, |unless |both |parties |give |their |written |consent. |- |CORRECT |
ANSWER✔✔-Dual |Agency
, The |purchaser's |initial |commitment |of |something |of |value |to |indicate |that |he/she |wants |to |
buy |the |property |according |to |the |terms |of |the |offer |being |submitted. |_______ |deposits |
received |by |the |broker |must |be |placed |in |her/her |designated |trust |account, |until |the |
transaction |is |either |closed |or |otherwise |terminated. |- |CORRECT |ANSWER✔✔-Earnest |Money
Crops |that |require |annual |cultivation. |They |are |considered |personal |property |even |though |it |is
|attached |to |the |land. |- |CORRECT |ANSWER✔✔-Emblements
A |separate |account |which |a |broker |must |maintain |for |the |deposit |of |all |funds |coming |into |
his/her |possession |that |belongs |to |others. |Before |a |broker's |license |will |be |issued, |the |broker |
must |authorize |the |Commission |to |examine |the |account |at |any |time. |- |CORRECT |ANSWER✔✔-
Escrow |Account
Person |named |in |a |will |to |carry |out |the |directions |and |requests |of |the |deceased. |- |CORRECT |
ANSWER✔✔-Executor
An |item |that |was |once |personal |property |but |has |become |real |property |because |of |the |
manner |in |which |it |was |attached |to |the |land |or |its |improvements. |- |CORRECT |ANSWER✔✔-
Fixture
Crops |that |are |planted |and |harvested |each |year. |- |CORRECT |ANSWER✔✔-Fructus |Industriales
Growing |things |which |require |no |annual |cultivation. |- |CORRECT |ANSWER✔✔-Fructus |
Naturales
A |state |law |which |requires |administrative |bodies |such |as |the |Georgia |Real |Estate |Commission |
to |follow |certain |procedures |in |its |investigative |process |and |before |exercising |its |disciplinary |
powers. |For |example, |before |the |Commission |can |impose |a |sanction |against |a |license, |the |
licensee |must |be |given |a |hearing. |- |CORRECT |ANSWER✔✔-Georgia |Administrative |Procedures |
Act
