GA Real Estate Exam Questions and Correct
Answers| SCORE 100%
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 know their place
, A. to protect the health, safety, and welfare of the community
If a person has complete control over their property, and the ownership in the
property is not defeasible, what interest does the person have in the property?
A. fee conditional estate
B. fee simple estate
C. live estate
D. defeasible fee estate
B. fee simple estate
Which of the following is the difference between the value of a property and the
total amount of liens against the property?
A. investment
B. basis
C. down payment
D. equity
D. equity
A metes-and-bounds legal description:
Answers| SCORE 100%
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 know their place
, A. to protect the health, safety, and welfare of the community
If a person has complete control over their property, and the ownership in the
property is not defeasible, what interest does the person have in the property?
A. fee conditional estate
B. fee simple estate
C. live estate
D. defeasible fee estate
B. fee simple estate
Which of the following is the difference between the value of a property and the
total amount of liens against the property?
A. investment
B. basis
C. down payment
D. equity
D. equity
A metes-and-bounds legal description:
