The CE Shop: Georgia State Exam Practice (2024/2025; Questions and Answer 100% Solved
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CE Shop Course
The CE Shop: Georgia State Exam
Practice (2024/2025; Questions and Answer
100% Solved
The Real Estate Education, Research, and Recovery Fund Exists for the Benefit of
whom?
-Agents with low sales volume
-Brokers who pay out commissions
-GREC members
-The public *The public*
Who, or which...
The CE Shop: Georgia State Exam
Practice (2024/2025; Questions and Answer
100% Solved
The Real Estate Education, Research, and Recovery Fund Exists for the Benefit of
whom?
-Agents with low sales volume
-Brokers who pay out commissions
-GREC members
-The public ✔✔*The public*
Who, or which entity, appoints the members of the Georgia Real Estate
Commission?
-Georgia real estate association members
-The Georgia governor
-The mayors of every city in Georgia, through a vote
-The public, by election ✔✔*The Georgia Governor*
*How's the Georgia intangible tax computed?*
, The CE Shop: Georgia State Exam
Practice (2024/2025; Questions and Answer
100% Solved
-it's a flat $10 fee for any mortgage subject to the Georgia Residential Mortgage
Act
-It's based on .1% of the sales price
-It's based on the amount borrowed, and is $1.50 per each $500 or fractional
part thereof, with a
maximum of $25,000
-It's based on the sales price, and is $1.50 per each $500 or a fractional part
thereof with a
maximum of $25,000 ✔✔*It's based on the amount borrowed, and is $1.50 per
each $500 or
fractional part thereof, with a maximum of $25,000*
The intangible tax is based on the loan amount and is $1.50 per each $500 or
fractional part
thereof with a maximum of $25,000
, The CE Shop: Georgia State Exam
Practice (2024/2025; Questions and Answer
100% Solved
In Georgia, upon what amount is the transfer tax calculated?
-Appraisal Amount
-Down Payment Amount
-Loan Amount
-Sales Price ✔✔*Sales Price*
Krista is obtaining a loan to buy a home. Her loan agreement consists of one
document called a
note and one called a deed of trust. What's the role of the note?
-Conveys legal title to the property to the lender
-Describes the home requiring the loan
-Lists the names of the mortgagor and mortgagee
-States who owes money to whom, how much, and how it will be repaid
✔✔*States who owes
money, to whom, how much, and how it will be repaid
, The CE Shop: Georgia State Exam
Practice (2024/2025; Questions and Answer
100% Solved
*Which of the following is NOT a legal activity for a business broker?*
-Assisting the buyer with due diligence
-Concealing the business's identity to protect the owner's privacy
-Conducting an appraisal of the business
-Requiring the prospective buyer to sign a confidentiality agreement
✔✔*Conducting an
appraisal of the business*
Only licensed appraisers may conduct appraisals
Joe Bob is the grantor of a deed and is in the final stages of transferring a deed
to the new owner,
Frank. What must Joe Bob do in order to satisfy delivery and acceptance of the
deed to Frank?
-Deliver the deed to Frank, his agent or attorney, or the title company issuing the
title
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