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Income tax deductabile in home ownership - correct answer -Points paid to obtain loan When should purchase price be decided with 60 day option - correct answer -upon creation and signing of the option to purchase The 1988 Amendments to the Fair Housing Act - correct answer -require that a landlord allow a tenant to make changes to the property to accommodate a disability. These modifications are at the tenant's expense, and the landlord can require the tenant make reasonable restoration t...

What fines may be imposed by the Commission for rules violations? - correct answer -A maximum of $1,000 for a single offence or $5,000 for multiple violations Charging advance brokerage fees is - correct answer -a duty of a broker. Agency can best be described as - correct answer -a written representation agreement between broker and client. Which is true concerning the Commission Chairperson? - correct answer -He is appointed by the Commission members annually. The Georgia Real Esta...

Georgia real estate exam 2023 with 100% correct answers

Georgia real estate exam 2023 with 100% correct answers

Georgia real estate exam 2023 with 100% correct answers

Easement by prescription - correct answer -Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity - correct answer -Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egress over a grantors land) Rescission - correct answer -The practice of one party canceling or terminating a contract. Mortgagee - correct answer -The bank(receiving the house) Ta...

Angie owns a four-plex. She lives in one unit and rents out the others - correct answer -Which of the following may represent an exemption from Georgia fair housing laws Kiting - correct answer -Representing the sale price on a home as an amount greater than what it actually sold for is considered Providing financing for diverse housing communities - correct answer -Which is NOT a focus of Georgia's Fair Housing Division Conducting an appraisal of the business - correct answer -Which o...

If you suspect the presence of UFFI, you can ______________. - correct answer -recommend testing of the indoor air. When you decide on your items of value (SWAG), follow through with them. You can do this by: Sending every _____ to your "A" clients; and Sending _________ to your "B" and "C" clients. - correct answer -month; quarterly S2: T/F - HUD sells multi-family housing units. - correct answer -TRUE - HUD S2: Virtual office websites are classified as _____. - correct ans...

Legal competency age in Georgia is: a. 15 b. 18 c. 21 d. 16 - correct answer -B. What does BRRETA stand for? a. The Brokerage Real Estate Training Act b. The Brokerage Real Estate Transactions Act c. The Brokerage Relationships in Real Estate Transactions Act d. The Georgia Basic Relationships in Real Estate Transactions Act - correct answer -C. The Georgia Real Estate Commission is composed of: a. Three brokers, two salespersons, and a district representative and a representative...

1. which of the following ways of specialization is common in the real estate brokerage business A) by background of client B) by type of property C) by years of experience in the business D) by type of mortgage financing required - correct answer -b 2. which of the following is included in the legal concept of land A) A corn crop B) a lake C) a felled tree D) an abandoned vehicle - correct answer -b 3. a property abuts a non navigable stream. What does the owner own A) land to th...

Florida Real Estate Exam 2023 with 100% correct answers

Florida Real Estate Exam 2023 with 100% correct answers

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - correct answer -$1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acre...

Which remedies are available when a seller breaches a contract? a. A suit for specific performance b. Buyer gets deposit returned c. A or b but not both d. Notifying FREC - correct answer -c. A or b but not both What term refers to the right of a mortgagor to stop a foreclosure process by paying the entire balance, interest and so on? a. Equity of estoppel b. Right of redemption c. Right of defeasance d. Equity of disposition - correct answer -b. Right of redemption Which type ...

It is still pending approval until 90 days have passed. - correct answer -Harold filed his application for sales associate licensure 31 days ago. To date he has not heard if his application has been approved or not. What is the status of Harold's application? The broker is not eligible for a Florida license under the mutual recognition agreement. - correct answer -A licensed broker in Georgia moved to Florida 6 months ago and now wants to apply for a Florida broker's license under the mutua...

1. When must a written no brokerage relationship notice be provided to customers? - correct answer -Before showing homes that are listed. 2. Which of the following can not be used by the federal reserve to change or control the money supply? - correct answer -After income tax rates 3. A broker has an exclusive right of sale listing to sell an owner's property, with no other authority granted. What type of agency does the broker have with the principal? - correct answer -Special agency ...

Bob was appointed by a court to sell an orange grove near Tampa. Bob can: - correct answer -Be compensated for the sale During the week, Jane works for Dolphin Realty, Inc. as a sale associate. On weekends, she holds open house for Grouper Homes and is paid a 2% commission directly by Greg Grouper on any sales she helps procure. Which is correct? - correct answer -This is prohibited activity Which of the following statements best describes a group license? - correct answer -It is issued to...

In which area of brokerage has absentee ownership increased the demand? - correct answer -Property management How is a real estate appraiser typically paid? - correct answer -A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve - correct answer -A subdivision plat map What is it called when a developer gives the land to a government body - correct answer -Dedication What business is a licensee engaged in who markets, ...

Joint Ventures - correct answer -is a temporary form of business arrangement often encountered in real estate business. Trade Names - correct answer -is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - correct answer -Administrative Procedures Act Chapter 455, F.S. - correct answer -Regulation of Professional and Occupations Chapter 28, Sections 101-110 - correct answer -Division of Admini...

The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law - correct answerD. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a sale associate or broker associate D.al...