GEORGIA CERTIFIED GENERAL APPRAISER EXAM
2026/2027 COMPLETE ACCURATE REAL EXAM
QUESTIONS WITH WELL ELABORATED ANSWERS
AND RATIONALES (100% CORRECT VERIFIED
SOLUTIONS) GUARANTEED PASS A+|BRAND NEW!
1. What type of properties can a Certified General Appraiser appraise?
a. Only 1–4 unit residential
b. All real property types including commercial and industrial
c. Agricultural only
d. Condominium only
Answer: b. All real property types including commercial and industrial
Rationale: Certified General Appraisers are licensed to appraise all real estate, including
complex commercial and industrial properties.
2. What is the minimum education requirement for a Certified General Appraiser in
Georgia?
a. 150 hours
b. 200 hours
c. 300 hours
d. Bachelor’s degree
Answer: c. 300 hours
Rationale: Georgia requires 300 hours of qualifying appraisal education for General
Appraisers.
3. What is the required supervised experience?
a. 1,500 hours
b. 2,000 hours
c. 3,000 hours, with 1,500 in non-residential appraisal
d. 2,500 hours
Answer: c. 3,000 hours, with 1,500 in non-residential appraisal
Rationale: Ensures competency in complex, non-residential appraisals.
4. What is a highest and best use analysis?
a. Current use only
b. Most legally permissible, physically possible, financially feasible, and maximally
, productive use
c. Zoning compliance only
d. Lease analysis
Answer: b. Most legally permissible, physically possible, financially feasible, and
maximally productive use
Rationale: Determines the optimal use that produces maximum value.
5. What is the cost approach formula?
a. Replacement cost - depreciation + land value
b. Sales price ÷ rent
c. NOI ÷ capitalization rate
d. Tax ÷ expenses
Answer: a. Replacement cost - depreciation + land value
Rationale: Reflects the cost to replace the building minus depreciation plus land value.
6. What is the sales comparison approach?
a. Replacement cost
b. Comparing recent sales of similar properties
c. Income capitalization
d. Tax assessment
Answer: b. Comparing recent sales of similar properties
Rationale: Establishes value based on market activity of comparable properties.
7. What is the income approach?
a. Cost-based
b. Conversion of net operating income into value using a capitalization rate
c. Tax-based
d. Lease-only
Answer: b. Conversion of net operating income into value using a capitalization rate
Rationale: Suitable for income-producing properties.
8. What is external obsolescence?
a. Design deficiency
b. Loss of value due to external environmental or economic factors
c. Owner neglect
d. Physical deterioration
Answer: b. Loss of value due to external environmental or economic factors
Rationale: Caused by factors outside the property such as neighborhood decline.
9. What is functional obsolescence?
a. Market trend
, b. Loss of value due to design or utility deficiencies
c. Location issue
d. Tax assessment
Answer: b. Loss of value due to design or utility deficiencies
Rationale: Outdated or inefficient design reduces usefulness and value.
10. What is physical deterioration?
a. Wear and tear from use and age
b. Outdated design
c. Environmental loss
d. Tax adjustment
Answer: a. Wear and tear from use and age
Rationale: Impacts property condition and value over time.
11. What is the principle of substitution?
a. Buyers will pay more than cost of equivalent property
b. Buyers will not pay more than cost of an equally desirable substitute
c. Mortgage principle
d. Tax principle
Answer: b. Buyers will not pay more than cost of an equally desirable substitute
Rationale: Forms the basis of the sales comparison approach.
12. What is the principle of contribution?
a. Each improvement contributes equally
b. Value contribution depends on market perception
c. Mortgage calculation
d. Lease-only
Answer: b. Value contribution depends on market perception
Rationale: Not all improvements add the same value; market determines impact.
13. What is net operating income (NOI)?
a. Total income minus mortgage
b. Effective gross income minus operating expenses
c. Gross rent only
d. Tax minus expenses
Answer: b. Effective gross income minus operating expenses
Rationale: Core figure for income capitalization approach.
14. What is effective gross income?
a. Gross income before adjustments
b. Gross income minus vacancy and collection loss
2026/2027 COMPLETE ACCURATE REAL EXAM
QUESTIONS WITH WELL ELABORATED ANSWERS
AND RATIONALES (100% CORRECT VERIFIED
SOLUTIONS) GUARANTEED PASS A+|BRAND NEW!
1. What type of properties can a Certified General Appraiser appraise?
a. Only 1–4 unit residential
b. All real property types including commercial and industrial
c. Agricultural only
d. Condominium only
Answer: b. All real property types including commercial and industrial
Rationale: Certified General Appraisers are licensed to appraise all real estate, including
complex commercial and industrial properties.
2. What is the minimum education requirement for a Certified General Appraiser in
Georgia?
a. 150 hours
b. 200 hours
c. 300 hours
d. Bachelor’s degree
Answer: c. 300 hours
Rationale: Georgia requires 300 hours of qualifying appraisal education for General
Appraisers.
3. What is the required supervised experience?
a. 1,500 hours
b. 2,000 hours
c. 3,000 hours, with 1,500 in non-residential appraisal
d. 2,500 hours
Answer: c. 3,000 hours, with 1,500 in non-residential appraisal
Rationale: Ensures competency in complex, non-residential appraisals.
4. What is a highest and best use analysis?
a. Current use only
b. Most legally permissible, physically possible, financially feasible, and maximally
, productive use
c. Zoning compliance only
d. Lease analysis
Answer: b. Most legally permissible, physically possible, financially feasible, and
maximally productive use
Rationale: Determines the optimal use that produces maximum value.
5. What is the cost approach formula?
a. Replacement cost - depreciation + land value
b. Sales price ÷ rent
c. NOI ÷ capitalization rate
d. Tax ÷ expenses
Answer: a. Replacement cost - depreciation + land value
Rationale: Reflects the cost to replace the building minus depreciation plus land value.
6. What is the sales comparison approach?
a. Replacement cost
b. Comparing recent sales of similar properties
c. Income capitalization
d. Tax assessment
Answer: b. Comparing recent sales of similar properties
Rationale: Establishes value based on market activity of comparable properties.
7. What is the income approach?
a. Cost-based
b. Conversion of net operating income into value using a capitalization rate
c. Tax-based
d. Lease-only
Answer: b. Conversion of net operating income into value using a capitalization rate
Rationale: Suitable for income-producing properties.
8. What is external obsolescence?
a. Design deficiency
b. Loss of value due to external environmental or economic factors
c. Owner neglect
d. Physical deterioration
Answer: b. Loss of value due to external environmental or economic factors
Rationale: Caused by factors outside the property such as neighborhood decline.
9. What is functional obsolescence?
a. Market trend
, b. Loss of value due to design or utility deficiencies
c. Location issue
d. Tax assessment
Answer: b. Loss of value due to design or utility deficiencies
Rationale: Outdated or inefficient design reduces usefulness and value.
10. What is physical deterioration?
a. Wear and tear from use and age
b. Outdated design
c. Environmental loss
d. Tax adjustment
Answer: a. Wear and tear from use and age
Rationale: Impacts property condition and value over time.
11. What is the principle of substitution?
a. Buyers will pay more than cost of equivalent property
b. Buyers will not pay more than cost of an equally desirable substitute
c. Mortgage principle
d. Tax principle
Answer: b. Buyers will not pay more than cost of an equally desirable substitute
Rationale: Forms the basis of the sales comparison approach.
12. What is the principle of contribution?
a. Each improvement contributes equally
b. Value contribution depends on market perception
c. Mortgage calculation
d. Lease-only
Answer: b. Value contribution depends on market perception
Rationale: Not all improvements add the same value; market determines impact.
13. What is net operating income (NOI)?
a. Total income minus mortgage
b. Effective gross income minus operating expenses
c. Gross rent only
d. Tax minus expenses
Answer: b. Effective gross income minus operating expenses
Rationale: Core figure for income capitalization approach.
14. What is effective gross income?
a. Gross income before adjustments
b. Gross income minus vacancy and collection loss
