100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
GA REAL ESTATE EXAM PRACTICE Questions and Correct Answer $13.49   Add to cart

Exam (elaborations)

GA REAL ESTATE EXAM PRACTICE Questions and Correct Answer

 3 views  0 purchase
  • Course
  • GA REAL ESTATE
  • Institution
  • GA REAL ESTATE

GA REAL ESTATE EXAM PRACTICE Questions and Correct AnswerGA REAL ESTATE EXAM PRACTICE Questions and Correct AnswerGA REAL ESTATE EXAM PRACTICE Questions and Correct AnswerGA REAL ESTATE EXAM PRACTICE Questions and Correct AnswerGA REAL ESTATE EXAM PRACTICE Questions and Correct AnswerGA REAL E...

[Show more]

Preview 4 out of 53  pages

  • August 15, 2024
  • 53
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • GA REAL ESTATE
  • GA REAL ESTATE
avatar-seller
MASTER01
GA REAL ESTATE EXAM PRACTICE Questions
and Correct Answers
All of the following items are personal property EXCEPT:
trade fixtures.
a privacy fence.
patio furniture.
portable dishwasher
✓ ~~~ a privacy fence


A seller wishes to remove certain shrubs planted in the front yard and not include
them in the sales price of the home.

The shrubs must be left and included in the sales price of the home.
The shrubs can be removed unless they are valuable.
If the seller planted the shrubs, they can be removed.
The seller may do so only if permission for the removal is specifically stated in the
sales contract.
✓ ~~~ If the seller planted the shrubs, they can be removed.


A permanent addition to a building is:

real property.
personal property.
a chattel real.
an encumbrance.
✓ ~~~ real property


Water rights along a large, navigable lake or ocean are known as:

tidal rights.
shore rights.
correlative rights.
littoral rights.
✓ ~~~ littoral rights


Water table refers to the:

difference between the high and low water level of a navigable body of water.
level at which percolating water is found below the earth's surface.
depth to which a landowner may drill in order to extract water in exercising the right
of prior appropriation.
none of the above.

, ✓ ~~~ level at which percolating water is found below the earth's surface.


Of the following items which is considered real property?

Natural things movable by law.
Notes secured by mortgages on real estate.
Riparian rights.
House plants.
✓ ~~~ Riparian rights


All of the following are appurtenances EXCEPT:

riparian rights.
a garage.
an apple orchard.
trade fixtures.
✓ ~~~ trade fixtures.


Real property is changed into personal property by:

the right of appropriation.
severance.
the law of capture.
fructus naturales.
✓ ~~~ serverance


Which of the following would be considered an artificial monument when used in a
metes and bounds legal description?

A tree.
A fence corner.
A river.
A large rock
✓ ~~~ a fence corner


An adequate metes and bounds description must have all of the following EXCEPT:
a definite point of beginning.
four sides.
closure.
linear measurements and compass directions.
✓ ~~~ four sides


The point of beginning on a plat of survey is marked with reference to a:

benchmark.

,datum.
meridian.
base line.
✓ ~~~ benchmark


Which of the following would be acceptable on a sales contract?

Legal description to be attached.
Legal description attached and made a part hereof by reference.
The legal description and survey to be provided at closing.
Purchaser to be provided with legal description within ten days.
✓ ~~~ Legal description attached and made a part hereof by reference.


When it is necessary to prepare a new metes and bounds description it should be
done by:

the seller.
an attorney or surveyor.
the listing salesperson.
the selling salesperson
✓ ~~~ an attorney or surveyor


You have a prospective purchaser for a home, and the listing agent has not been
able to provide you with a legal description. Which statement describes your best
course of action?
Complain to the Real Estate Commission.
Write an offer without a legal description.
Find the legal description yourself at the courthouse or on the computer.
Contact the seller yourself.
✓ ~~~ Find the legal description yourself at the courthouse or on the computer.


If the only land description you have provided on your offer is the street address:

this could be sufficient if there is no other street by the same name.
this contract is probably unenforceable.
this amounts to a contingency that must be resolved.
the contract may be legal but is unprofessional.
✓ ~~~ this contract is probably unenforceable.


A metes and bounds description must have all of the following EXCEPT:

a definite point of beginning.
the name of the county and state.
the approximate square footage or acreage.
compass directions and distances from one point to the next.

, ✓ ~~~ the approximate square footage or acreage.


A metes and bounds description might be insufficient if:
I. it does not have enough sides to close.
II. it is irregular in shape.

Only I is true
Only II is true
Both I and II are true
Neither I nor II is true
✓ ~~~ Only I is true


Several legal steps must sometimes be taken before a creditor can have an
outstanding debt satisfied through the sale of a debtor's property. Which of the
following may be required?

Judgment.
Attachment.
Writ of Execution.
All of the above.
✓ ~~~ all of the above


Concerning liens, which of the following is INCORRECT?

Liens are always encumbrances.
Liens are either equitable or statutory.
Liens increase the value of property.
Liens are either specific or general.
✓ ~~~ Liens increase the value of property.


An easement created for the purpose of giving an owner ingress and egress to
his/her landlocked property is:

an easement in gross.
an easement by subscription.
an easement appurtenant.
an easement by abandonment.
✓ ~~~ an easement appurtenant


Jones owned fifty (50) acres with frontage on Slater Mill Road. Jones sold the front
thirty (30) acres to Smith but reserved an easement for the right of access to the
back twenty (20) acres. Which of the following is INCORRECT?

Jones has a dominant estate.
Smith has a servient estate.
Smith's estate is subject to Jones interest.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MASTER01. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78799 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart