Ga Real Estate Exam - Real Estate Practice Test EXAM 2025 | ALL CURRENT EXAM VERSIONS 2025 | ACCURATE REAL EXAM QUESTIONS AND ANSWERS | ACCURATE AND VERIFIED FOR GUARANTEED PASS | GRADED A

1. What is the difference between a specific lien and a general lien? A. A specific lien is secured by a specific piece of property, and a general lien is secured by the collective assets of a person against whom the lien is held B. A general lien is secured by a specific piece of property, and a specific lien is secured by the collective assets of a person against whom the lien is held C. Specific liens require collateral, and general liens do not D. General liens require collateral, and specific liens do not Correct Answer: A Rationale: A specific lien applies to one particular property, while a general lien affects all property owned by the debtor. 2. All of the following are agency relationships EXCEPT: A. The attorney-client relationship B. The real estate salesperson-buyer relationship C. The real estate broker-buyer relationship D. The listing broker-seller relationship E. None of the above Correct Answer: B Rationale: A salesperson works on behalf of the broker and does not independently establish agency with the buyer. 3. A broker collects a non-refundable fee from the seller when the listing is signed to cover advertising. Is this considered trust funds? A. True B. False Correct Answer: B Rationale: Non-refundable fees collected in advance are not considered trust funds if they are not subject to refund under any circumstance. 4. Selma lists her property with multiple firms, paying only the one that procures a buyer. What type of listing is this? A. An exclusive agency listing B. An open listing C. An exclusive right to sell listing D. An MLS listing Correct Answer: B Rationale: Open listings allow multiple brokers; only the broker who secures a buyer gets paid. 5. Which law requires real estate contracts to be in writing to be enforceable? A. Statute of limitations B. Statute of estoppel C. Statute of real estate D. Statute of frauds Correct Answer: D Rationale: The Statute of Frauds mandates that certain contracts, including those for real estate, must be in writing. 6. What act makes a deed legally effective? A. Delivery B. Acceptance C. Notary D. Recording Correct Answer: A Rationale: Delivery of the deed with intent to transfer ownership makes it legally operative. 7. Under the Truth-in-Lending Act (Regulation Z), what must a lender provide to the borrower? A. Amortization schedule B. Disclosure statement C. Closing cost estimate D. Credit report Correct Answer: B Rationale: Regulation Z requires disclosure of loan terms so borrowers can compare credit offers. 8. Which of the following is NOT part of a property manager’s responsibilities? A. Fairness and honesty B. Keeping up with rental rates C. Telling the owner the market value D. Keeping up with vacancies Correct Answer: C Rationale: Appraising or providing market value is outside a property manager’s usual duties. 9. Robin rents a unit from Joaquin. What is their legal relationship? A. Joaquin is the lessee and Robin is the lessor B. Joaquin is the lessor and Robin is the lessee C. Robin is a lessor and Joaquin is the landlord D. Joaquin is a lessee and Robin is a tenant Correct Answer: B Rationale: The lessor (Joaquin) owns the property; the lessee (Robin) rents it. 10. The principle that home values increase when demand increases is known as: A. Giving up present spending for future benefits B. Buying real estate for cash C. Saving for future consumption D. Revenue exceeding costs Correct Answer: D Rationale: As demand rises, property revenue increases, exceeding costs, boosting value. 11. What best defines investing? A. Giving up present spending in exchange for future benefits B. Buying real estate for cash C. Saving for future consumption D. Revenue exceeding costs Correct Answer: A Rationale: Investing involves deferring current consumption for potential future gains. 12. What is the term for covering a landfill with soil and planting grass? A. Soiling B. Capping C. Chipping D. Remediation Correct Answer: B Rationale: Capping involves sealing landfills to prevent environmental contamination. 13. What is the standard settlement form for federally related mortgage loans? A. Good faith estimate settlement statement B. Truth in lending disclosure statement C. HUD-1 settlement statement D. Regulation Z settlement statement Correct Answer: C Rationale: The HUD-1 form was standard for disclosing settlement costs on certain loans. 14. What is the illegal practice of inducing sales by hinting protected class entry will lower values? A. Blockbusting B. Redlining C. Boycotting D. Neighborhood canvassing Correct Answer: A Rationale: Blockbusting uses fear tactics based on race or other protected characteristics. 15. What is personal property that has become part of real estate called? A. Emblements B. Personalty C. Fixture D. Appliance Correct Answer: C Rationale: Fixtures are personal property that have been permanently attached to real property. 16. What is the main purpose of police power in real estate? A. To protect the health, safety, and welfare of the community B. To prevent people from committing crimes C. To put out fires D. To control property owners Correct Answer: A Rationale: Police power allows governments to regulate for community welfare. 17. If a person has complete and unconditional control of property, they hold a: A. Fee conditional estate B. Fee simple estate C. Life estate D. Defeasible fee estate Correct Answer: B Rationale: Fee simple estate represents the highest and most complete interest in land. 18. What is Anti-Trust in real estate? A. A type of consumer protection law B. Laws prohibiting restraint of trade to maintain competition C. Disclosure law about trust accounts D. Ethics guidelines for brokers Correct Answer: B Rationale: Anti-trust laws prohibit price-fixing, market allocation, and other practices limiting competition. 19. What does the Georgia Real Estate Commission do? A. Enforces criminal laws B. Handles escrow disputes C. Passes rules regulating licensees D. Collects property taxes Correct Answer: C Rationale: The Commission regulates and enforces license law for Georgia real estate. 20. What is CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act)? A. A consumer rights law B. A property disclosure statute C. A federal law that addresses hazardous waste cleanup (Superfund) D. A zoning regulation Correct Answer: C Rationale: CERCLA empowers the government to manage environmental contamination cleanups. 21. What is "Home Rule" in Georgia real estate? A. Federal zoning law B. Allows counties and cities to self-govern property affairs C. Rule mandating home inspections D. A homeowner association policy Correct Answer: B Rationale: Home Rule allows local governments to regulate matters not covered by state law. 22. What does Georgia’s UDTPA focus on in real estate? A. Property disclosures B. Floodplain maps C. Anti-trust, especially price-fixing and collusion D. Loan fraud Correct Answer: C Rationale: The UDTPA prohibits deceptive trade practices, including illegal broker collusion. 23. What is the Homestead Exemption in Georgia? A. A law about eviction timelines B. A deduction on income tax C. A property tax reduction for owner-occupants D. An exemption from building permits Correct Answer: C Rationale: This exemption reduces assessed property value for tax purposes. 24. What is the purpose of Georgia Fair Housing law? A. To prevent discrimination based on protected class characteristics B. To enforce building codes C. To control rent rates D. To regulate appraisal values Correct Answer: A Rationale: The law prohibits discriminatory practices in real estate based on protected statuses. 25. When must Georgia brokers deposit transactional funds into a trust account? A. Within 30 days B. Before closing C. Promptly, unless otherwise stated in the contract D. Within 10 days Correct Answer: C Rationale: Georgia law requires timely deposits unless a written agreement states otherwise. 26. When is a Georgia real estate license automatically revoked? A. When taxes are unpaid B. When a broker changes firms C. When money is paid out from the Recovery Fund due to licensee’s actions D. When a licensee goes inactive Correct Answer: C Rationale: Payment from the Recovery Fund due to licensee misconduct results in automatic revocation.