Study guides, Class notes & Summaries

GA Real Estate License Exam 2023-2024 Questions and Answers 100% Correct GA Real Estate License Exam 2023-2024 Questions and Answers 100% Correct GA Real Estate License Exam 2023-2024 Questions and Answers 100% Correct GA Real Estate License Exam 2023-2024 Questions and Answers 100% Correct Georgia Real Estate Commission size - ANSWER-6 members Georgia Real Estate Commission appointed by - ANSWER-Governor of Georgia Georgia Real Estate Commission confirmed by - ANSWER-Georgia...

The government's right to make laws and regulations for the general welfare is known as: A. eminent domain B. police power C. escheat D. the bundle of rights correct answer-B. police power The City of Atlanta has condemned Nelson's land in order to extend its rapid transit services. This procedure is made possible because of the city's right of: A. entry B. escheat C. eminent domain D. police power correct answer-C. eminent domain A private landowner has the right to: A. ...

GA REAL ESTATE EXAM – TRANSFER EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ A condo owner has a legal issue concerning compliance with the bylaws of the condo owners association. If the community association manager (CAM) is familiar with the bylaws the manager should - -seek advice from their broker Which of the following services will be performed by an attorney who is conducting a closing for a lender - -explain the content of each legal document to both the buyer and the seller ...

GA REAL ESTATE EXAM - REAL ESTATE PRACTICE TEST QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ Personal property that, by its attachment to real property, is regarded as real estate is called: A. an emblements B. personalty C. a fixture D. an appliance - -C. a fixture What is the main purpose of police power? 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 make sure the property owners and citizens ...

GA REAL ESTATE EXAM PRACTICE QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. When applying for a loan, what is a fixed rate? - -A loan that has a predetermined repayment interest rate What act prohibits discrimination based on race or color? - -Civil Right Acts Of 1866 What is the financial document that contains a written promise to fulfill a certain payment? - - Promissory note What is the term used to describe the act of replacing an existing mortgage with another? - - Refinancing What...

GA REAL ESTATE EXAM PREP / HARD QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. How often *must* you take continuing education? - -*Every 4 years*. In Georgia, which of the following is *NOT* a cost or expense of owning a home? - -Taxes on *personal property*. A *Broker's*, license fee costs how much? - -*$170* All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special Assessments, Statutory Right of Redemption, Equitable Right of Redemption - -*Statutory Right of Redem...

GA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ VERIFIED. In license law, a person is defined as? a) a designated licensee within a brokerage company. b) only a single individual. c) either a licensed individual or business. d) either an individual or firm. - -D Charging advance brokerage fees is.. a) prohibited by the Commission. b) a duty of a broker. c) allowed only for auctioning purposes. d) allowed only for property management functions. - -B The Ge...

GA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. ____ are a good indication of risk - -Cap rates ____ fraud is the intentional failure to reveal a material fact that impacts a real estate transaction - - Passive ____ is making a statement that is not intentionally wrong, but is not correct because the agent or broker fails to confirm the accuracy prior to making the false statement - -Negligent misrepresentation ____ misrepresentation is the result of intentionally...

GA REAL ESTATE EXAM - NATURE & DESCRIPTION OF REAL ESTATE | QUESTIONS AND ANSWERS. RATED A+ Land is made up of the surface of the earth, the air space above, and A. anything affixed to the land B. all appurtenant buildings C. subsurface rights D. fixatures - -C. subsurface rights Lisa conveyed land to Katy by means of a deed which described the land but made no reference to buildings or improvements. Does this deed convey ownership of the buildings and improvements to Katy? A. Yes, be...

GA REAL ESTATE EXPRESS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - -Torrens System Non-judicial foreclosure is required to foreclose on a - -Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the neighborhood. This broker is guilty of - -Blockbusting What type of agency cannot be revoked by the principal, nor is terminated if the pri...

GA REAL ESTATE FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, RATED A+/ Anti-Trust - -An area of law concerned with maintaining competition in private markets by prohibiting any restraint on trade. Georgia Real Estate Commission - -Pass rules and regulations that govern real estate licensees Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) - -A federal law enacted by Congress in 1980 to create a tax on the chemical and petroleum industries and prov...