UOG Real Estate State Exam Questions and Answers 2023
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UOG Real Estate
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UOG Real Estate
UOG Real Estate State Exam Questions and Answers 2023
Guam System Development Charge
GWA's fee for new connections to the water and sewer lines
Planned Unit Development (PUD)
A type of exception, or special use, permitted under many modern zoning ordinances, allowing a mixture of different la...
uog real estate state exam questions and answers 2023 guam system development charge gwas fee for new connections to the water and sewer lines planned unit development pud a type of exception
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UOG Real Estate State Exam Questions and Answers 2023
Guam System Development Charge
GWA's fee for new connections to the water and sewer lines
Planned Unit Development (PUD)
A type of exception, or special use, permitted under many modern zoning ordinances,
allowing a mixture of different land uses or densities.
Compact parking stall size
120 square feet
Standard parking stall size
160 square feet
How long is contractor's homeowner's warranty period for new home on Guam?
18 months from the issuance of the Certificate of Occupancy or from the date the
builder sold the house
How long must a child who receives a lot from a Parental Subdivision keep it for?
5 years
What must a landowner do before they can develop their property if there are any
wetlands?
Have the Army Core of Engineers and EPA approval before building any improvements.
What are the 8 Zoning Classifications on Guam?
A, R1, R2, C, M1, M2, H and P
What is the height restricition of A, R1, R2, C, M1 and M2 zones?
3 stories or 30 feet whichever is less
Where is the GLUC located?
Land Management
Which commission is responsible for Conditional Use, Variances, Zone Change
and Subdivision?
Guam Land Use Commission (GLUC)
What is the side setback for zones A, R1, R2 and M1?
8 ft
What is zoning?
Process of dividing land in a municipality into zones in which certain land uses are
permitted or prohibited
Before building, what mus a property owner apply for to show that the
construction will comply with the building codes?
Building permit
What must a property where apply for after completion of the construction?
Certificate of Occupancy
How many member are in the GLUC (Guam Land Use Commission)?
5
How is the GLUC formed?
The members are appointed by the Governor of Guam
Condominium physical traits are governed by the
Horizontal Property Regime Act (HPR)
What is Guam's Homestead Exemption?
$40,000
, What is Split Zone?
When a property owner can choose which zone they want when they split their property
in 2 zones.
What are the 3 title companies on Guam?
Pacific Title Inc (PATICO), Security Title and Title Guaranty
What is the Senior Citizens property tax exemption?
80%
What is a setback?
The amount of space local zoning regulations requires between the lot line and a
building.
What type of Legal Description does Guam use?
Lot and Block method
What is the front setback requirement for a property in C zone?
None
What are the functions of the Real Estate Commission?
1. Adopt rules and regulations relating to the administration.
2. Make such recommendation and suggestions of policy to the Commissioner as the
Commission deems beneficial and proper for the welfare and progress of the real estate
licensees and of the public and of the real estate business in Guam.
3. Adopt a seal, which may be either an engraved or in stamp seal, with the words
'Guam Real Estate Commission, Territory of Guam', and such devices as the
Commission may desire include there on, by which the acts of the Commission shall be
authenticated.
How many members are there in the Real Estate Commission?
7 (4 real estate brokers actively engaged on Guam for five years. 1 attorney licensed to
practice in Guam. 1 chosen from the public. 1 member among the classified employee
of the Real Estate Licensing Division of the Department of the Revenue and Taxation.
What are the requirements to obtain an Original Salesman License on Guam?
1) Written Application as a Real Estate Salesman addressed to the commissioner, 2) a
Recommendation from the broker who is to be the applicant's employer and 3)
Application signed by the applicant and accompanied by the real estate salesman's
license fee
What are the requirements to obtain an Original Broker's License on Guam
1) Written Application as a Real Estate Broker addressed to the commissioner, 2) US
Citizenship and 3) Holds a National Association of Realtors (NAR) affiliate designation.
What is the terms of an Original License on Guam?
2 years
What is the continuing education requirement for Original Salesman license?
45 hours
What is the term of a Renewal License?
4 years
What is the continuing education requirement for a Renewal Salesman license?
24 hours
What is the fee for obtaining an Original Salesman's License?
$100
What is the fee for obtaining a Renewal Salesman's License?
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