1 Exam (elaborations) Georgia Real Estate Chapter 1 Exam And Correct Answers 2024. 2 Exam (elaborations) Georgia Real Estate Exam Questions With Solved Solutions 2024. 3 Exam (elaborations) Real estate Georgia Test Guide Exam Well Answered 100% 2024. 4 Exam (elaborations) GA REAl ESTATE PRACTICE...
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An individual who performs real estate services is considered a broker if - Answer the services are performed for another and for a valuable consideration. A person who collects rents is considered a broker if - Answer the person receives a fee or commission for doing so. Which of the foll...
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Add to cartAn individual who performs real estate services is considered a broker if - Answer the services are performed for another and for a valuable consideration. A person who collects rents is considered a broker if - Answer the person receives a fee or commission for doing so. Which of the foll...
allodial system - Answer the system that allows any individual who has the means to acquire rights of ownership. bundle of rights - Answer 1. Possession 2. Use or control 3. Enjoyment 4. Disposition possession - Answer the right to occupy your property. ingress - Answer to be abl...
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Add to cartallodial system - Answer the system that allows any individual who has the means to acquire rights of ownership. bundle of rights - Answer 1. Possession 2. Use or control 3. Enjoyment 4. Disposition possession - Answer the right to occupy your property. ingress - Answer to be abl...
Legal competency age in Georgia is: a. 15 b. 18 c. 21 d. 16 - 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 i...
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Add to cartLegal competency age in Georgia is: a. 15 b. 18 c. 21 d. 16 - 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 i...
If you suspect the presence of UFFI, you can ______________. - 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" ...
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Add to cartIf you suspect the presence of UFFI, you can ______________. - 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" ...
Georgia licensee Greg and buyer Sandra's exclusive buyer agency agreement was set to expire on March 1. On Feb 10, Sandra signed a contract with a seller, but it fell through 10 days later due to a home inspection issue. What's the termination date of Greg and Sandra's buyer agency agreement? - A...
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Add to cartGeorgia licensee Greg and buyer Sandra's exclusive buyer agency agreement was set to expire on March 1. On Feb 10, Sandra signed a contract with a seller, but it fell through 10 days later due to a home inspection issue. What's the termination date of Greg and Sandra's buyer agency agreement? - A...
is failure to put a street address in a legal description a violation of the Georgia license law? - Answer no a broker was found guilty of commingling. the real estate Commission shall have the power to do what> - Answer impose a fine not to exceed $1000 In Georgia can a broker deposti ...
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Add to cartis failure to put a street address in a legal description a violation of the Georgia license law? - Answer no a broker was found guilty of commingling. the real estate Commission shall have the power to do what> - Answer impose a fine not to exceed $1000 In Georgia can a broker deposti ...
Which of the following would NOT be a violation of the Georgia License Law? A) Falsifying a document used in a real estate transaction B) Failing to advise your broker in writing when buying or selling property for yourself C) Failure to give a copy of a signed offer to the purchaser D) Failur...
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Add to cartWhich of the following would NOT be a violation of the Georgia License Law? A) Falsifying a document used in a real estate transaction B) Failing to advise your broker in writing when buying or selling property for yourself C) Failure to give a copy of a signed offer to the purchaser D) Failur...
Equity - Answer The difference between the current market value and any liens on the property Loan-to-value ratio - Answer The relationship between the amount of a loans and the appraised value (sale price) of a property (10% down payment = 90% LTV) Term (of a loan) - Answer The length ...
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Add to cartEquity - Answer The difference between the current market value and any liens on the property Loan-to-value ratio - Answer The relationship between the amount of a loans and the appraised value (sale price) of a property (10% down payment = 90% LTV) Term (of a loan) - Answer The length ...
Easement by prescription - Answer Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity - Answer Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egre...
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Add to cartEasement by prescription - Answer Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity - Answer Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egre...
Title - Answer Document that shows ownership Alienation - Answer To sell or convey Transfer: change of ownership Legal Title - Answer Ownership with right of possession and use Equitable Title - Answer Right to legal title upon completion of contract Buyer receives after they go...
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Add to cartTitle - Answer Document that shows ownership Alienation - Answer To sell or convey Transfer: change of ownership Legal Title - Answer Ownership with right of possession and use Equitable Title - Answer Right to legal title upon completion of contract Buyer receives after they go...
Accession - Answer The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre - Answer A measure of land area equal to 43560 square feet. 43560 - Answer The number of squarefeet in one acre. ...
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Add to cartAccession - Answer The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre - Answer A measure of land area equal to 43560 square feet. 43560 - Answer The number of squarefeet in one acre. ...
Accrued interest on loan assumed. - Answer Which of the following costs is usually a credit on the estimated purchaser's cost worksheet? Hazard insurance is - Answer prepaid in advance negotiable between the buyer and seller - Answer The payment of the intangibles taxes are: If neith...
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Add to cartAccrued interest on loan assumed. - Answer Which of the following costs is usually a credit on the estimated purchaser's cost worksheet? Hazard insurance is - Answer prepaid in advance negotiable between the buyer and seller - Answer The payment of the intangibles taxes are: If neith...
A branch office under a principal broker: Select one: a. would have to have its own set of licenses b. would operate under its own broker's license c. would operate under a duly appointed salesperson d. would operate under the principal broker's license - Answer D) All licensees, includin...
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Add to cartA branch office under a principal broker: Select one: a. would have to have its own set of licenses b. would operate under its own broker's license c. would operate under a duly appointed salesperson d. would operate under the principal broker's license - Answer D) All licensees, includin...
Bundle of Rights - Answer Right to possess Right to control within legal limits Right to enjoy Right to exclude others from entering Right to encumber Right to dispose by sale or Transfer Surface Rights - Answer Right to control, occupy and use the surface area of a parcel of real estat...
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Add to cartBundle of Rights - Answer Right to possess Right to control within legal limits Right to enjoy Right to exclude others from entering Right to encumber Right to dispose by sale or Transfer Surface Rights - Answer Right to control, occupy and use the surface area of a parcel of real estat...
What fines may be imposed by the Commission for rules violations? - Answer A maximum of $1,000 for a single offence or $5,000 for multiple violations Charging advance brokerage fees is - Answer a duty of a broker. Agency can best be described as - Answer a written representation agreemen...
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Add to cartWhat fines may be imposed by the Commission for rules violations? - Answer A maximum of $1,000 for a single offence or $5,000 for multiple violations Charging advance brokerage fees is - Answer a duty of a broker. Agency can best be described as - Answer a written representation agreemen...
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 state senate How long are each of the Georgia Real Estate Commission members' terms? - Answer ...
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Add to cartGeorgia 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 state senate How long are each of the Georgia Real Estate Commission members' terms? - Answer ...
How would an unmarried couple take ownership to real property if they want a full ownership immediately upon the death of the other Co-Owner? A. Tenancy By The Entirety B. Joint Tenancy C. Tenancy In Common D. Severalty - Answer Joint Tenancy In a trust, legal title to real property is tra...
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Add to cartHow would an unmarried couple take ownership to real property if they want a full ownership immediately upon the death of the other Co-Owner? A. Tenancy By The Entirety B. Joint Tenancy C. Tenancy In Common D. Severalty - Answer Joint Tenancy In a trust, legal title to real property is tra...
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 - Answer C. a fixture What is the main purpose of police power? A. to protect the health, safety, and welfare of the community ...
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Add to cartPersonal 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 - Answer C. a fixture What is the main purpose of police power? A. to protect the health, safety, and welfare of the community ...
How often *must* you take continuing education? - Answer *Every 4 years*. In Georgia, which of the following is *NOT* a cost or expense of owning a home? - Answer Taxes on *personal property*. A *Broker's*, license fee costs how much? - Answer *$170* All of the following, exist in Ge...
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Add to cartHow often *must* you take continuing education? - Answer *Every 4 years*. In Georgia, which of the following is *NOT* a cost or expense of owning a home? - Answer Taxes on *personal property*. A *Broker's*, license fee costs how much? - Answer *$170* All of the following, exist in Ge...
Safety Clause - Answer A negotiated period after the termination of the listing during which the listing broker may still be entitled to a commission if the property is sold to a buyer who was shown the property during the listing period Survival Clause - Answer A clause in the contract for p...
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Add to cartSafety Clause - Answer A negotiated period after the termination of the listing during which the listing broker may still be entitled to a commission if the property is sold to a buyer who was shown the property during the listing period Survival Clause - Answer A clause in the contract for p...
Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - Answer Torrens System Non-judicial foreclosure is required to foreclose on a - Answer Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the n...
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Add to cartUnder the _______ of recording, title passes when the conveyance is registered on the title certificate. - Answer Torrens System Non-judicial foreclosure is required to foreclose on a - Answer Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the n...
Income tax deductabile in home ownership - Answer Points paid to obtain loan When should purchase price be decided with 60 day option - Answer upon creation and signing of the option to purchase The 1988 Amendments to the Fair Housing Act - Answer require that a landlord allow a tenant t...
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Add to cartIncome tax deductabile in home ownership - Answer Points paid to obtain loan When should purchase price be decided with 60 day option - Answer upon creation and signing of the option to purchase The 1988 Amendments to the Fair Housing Act - Answer require that a landlord allow a tenant t...
One of the significant differences between an employee and an independent contractor is that - Answer an employee must be covered by workman's compensation Besides the seller, who may sign a real estate listing agreement - Answer The broker or any salesperson with the broker's written permi...
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Add to cartOne of the significant differences between an employee and an independent contractor is that - Answer an employee must be covered by workman's compensation Besides the seller, who may sign a real estate listing agreement - Answer The broker or any salesperson with the broker's written permi...
Deed - Answer Document used to transfer title. Title - Answer Land+ deed, (who are the owners and what are their rights?) Real Estate - Answer Land+appurtenances (right or improvement attached to the land) Two types of characteristics of land: - Answer Physical & economic What ar...
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Add to cartDeed - Answer Document used to transfer title. Title - Answer Land+ deed, (who are the owners and what are their rights?) Real Estate - Answer Land+appurtenances (right or improvement attached to the land) Two types of characteristics of land: - Answer Physical & economic What ar...
Licensee - Answer One who holds a license real estate broker - Answer One who acts as an agent for others in negotiating contracts or sales real estate salesperson - Answer A person employed by a broker to list, negotiate, sell, or lease real property for others sales associate - Answ...
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Add to cartLicensee - Answer One who holds a license real estate broker - Answer One who acts as an agent for others in negotiating contracts or sales real estate salesperson - Answer A person employed by a broker to list, negotiate, sell, or lease real property for others sales associate - Answ...
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