Ga Real Estate Exam - Real Estate Practice Test.pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Ga%20Real%20Estate
Ga Real Estate Exam - Real Estate Practice Test
1. 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
ANS C. a fixture
2. 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
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,Ga Real Estate Exam - Real Estate Practice Test.pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Ga%20Real%20Estate
ANS A. to protect the health, safety, and welfare of the community
3. 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
ANS B. fee simple estate
4. 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
ANS D. equity
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