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Exam (elaborations)
GA Exam Prep: Agency with 100% correct answers 2025
Buyer agency Correct answers A principal-agent relationship in which the sponsoring broker is the agent for the buyer, with fiduciary responsibility to the buyer. Trade-up buyer Correct answers Homeowner selling an existing home in order to buy a larger or newer one. Trade-down buyer Correct answers Homeowner selling an existing home in order to buy a smaller or less demanding one. Exclusive Buyer Brokerage Agreement Correct answers An agreement in which the client agrees to only work w...
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Exam (elaborations)
GA Prep: Leases and Fair Housing Laws Exam with 100% correct answers 2025
PopularFiduciary Correct answers Someone in a position of trust and confidence held by law to high standards of good faith and loyalty. General agent Correct answers An agent granted the power to work on behalf of a principal in a particular capacity for an ongoing period. Planned unit development (PUD) Correct answers A mix of land uses—such as residential and commercial—in one contained development Triple net lease Correct answers The tenant pays rent plus taxes, insurance, and maintenan...
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