Exam (elaborations)
Georgia Real Estate Exam: Unit 4 (Questions & Answers) Graded A+
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Georgia Real Estate Exam: Unit 4 (Questions & Answers) Graded A+
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Name: Score:76 Multiple choice questions
Term 1 of 76
Dower
Legal life estate in real estate as the family home
The life estate that a wife has in the real estate of her deceased husband
Designed to ensure that the buyer and the seller are both fully informed of all settlement
cost
Neighboring parcel that benefits from the easement
Term 2 of 76
Fiduciary relationship with the principle (COLDAC)
Governs Real Estate Relationships
Care
Obedience
Loyalty
Disclosure
Accountability
Confidentiality
Mortgagors Retains Both Legal And Equitable Title
Determines Ownership And Use Of Water
,Term 3 of 76
Payments in arrears
Produces an increase in income and value
Neighboring parcel that benefits from the easement
Run north and south
Made at the end of a period
Term 4 of 76
Townships
Basic units of the rectangular survey system. Townships are 6 miles square and contain 36
square miles
Early in history georgia formed military districts to raise manpower . these lines were used
to define property
A tenants right to possess real estate for the term of the lease . generally considered
personal property
In georgia!!! permanent award of property from a descendent estate to surviving spouse or
children
Definition 5 of 76
In Georgia!!! Permanent award of property
Leasehold estate
Years support
Dominate tenement
Percentage lease
, Term 6 of 76
Gross lease
Secures note executed by the borrower to he lender and also secured any future advanced
of funds made by the lender
A tenants right to possess real estate for the term of the lease . Generally considered
personal property
The tenant pays a fixed rent and the landlord pays all taxes, insurance, repairs, utilities, and
maintenance
A tenants right to possess real estate for the term of the lease . generally considered
personal property
Definition 7 of 76
Produces an increase in income and value
Marginal revenue
Diminishing returns
Increasing returns
Progression
Definition 8 of 76
No discriminating against credit applicants on the basis of the race, color, religion , national
origin, sex, marital status, age , or dependence on public assistance
Fair credit billing act
Truth in lending act
Fair credit reporting act
Equal credit opportunity act
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