Exam (elaborations)
GA REAL ESTATE EXAM PREP / HARD EXAM/102 QUESTIONS AND ANSWERS
GA REAL ESTATE EXAM PREP / HARD EXAM/102 QUESTIONS AND ANSWERS
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GA REAL ESTATE EXAM PREP / HARDEXAM/102 QUESTIONS AND ANSWERS
How often *must* you take continuing education? - -*Every 4 years*.
-In Georgia, which of the following is *NOT* a cost or expense of owning a
home? - -Taxes on *personal property*.
-A *Broker's*, license fee costs how much? - -*$170*
-All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special
Assessments, Statutory Right of Redemption, Equitable Right of Redemption
- -*Statutory Right of Redemption*
-Which of the following statements about a *Management Agreement* is
*FALSE*? - -*It is FALSE that*: it requires the Property Manager to work
diligently to maximize the Licensee's rate of return.
-An item of *Functional Obsolescence* is considered *incurable* if the: - -
cost to repair is more than the value it ads.
-What is *TRUE* about an *Associate Broker* in Georgia? - -Both A&B: *A*.
An Associate Broker may perform any real estate brokerage act that requires
a license. *B*. An Associate Broker acts on behalf of a Broker.
-The squared or rectangles used in Georgia legal description are: - -*Land
Lots* and *Districts*.
-Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? - -
Georgia allows *Joint Tenancy.*
-How many hours of continuing education are required to renew a 4 year
real estate *Salespersons*, license? - -24
-What is *Homestead Protection*? - -The status provided to a homeowner's
principal residence that *protects the home against judgement*, up to a
specified amount.
-Which of the following is *NOT*, a *Covenant of Warranty* in a *Georgia
General Warranty Deed*? - -*NOT* a Covenant of, *Further Assurance*.
-To keep a Georgia Sales Associate License, an individual must do all of the
following *EXCEPT*: - -*EXCEPT* Take at least ten quarter hours or six
semester hours of college courses in real estate.
, -Based on the ability to accept assignments, *which appraiser has the most
latitude*? - -*Certified General*
-The real estate records in Georgia are maintained by the: - -*Clerk of
Superior Court*
-To be recorded in Georgia, the deed must be witnessed by: - -one official
witness and one unofficial witness.
-A buyer signs a contract to purchase a commercial building in Savannah.
The contract is silent as to who bears the risk of loss proper to closing. *After
the contract is signed, but before the closing*, the building burns to the
ground.According to Georgia law the. - -*BUYER* must bear the risk of loss
or damage before the closing.
-In Georgia, the Landlord's eviction of a tenant is generally known as: - -a
*DISPOSSESSION*.
-Real property legal descriptions in Georgia can be based on all of the
following *EXCEPT*: Land Lots, Township, Georgia Militia Districts, Districts. -
-*EXCEPT, Township*.
-Under Georgia law, to claim adverse possession, the claim *Must* be: - -
*Must be,* Accompanied by a *Claim of Right* and *Free of Fraud.*
-The relationship between *Broker and Seller* is generally what type of
agency? - -*Special*.
-Which *State Agency* is responsible for the implementation of the *Georgia
Lead Paint Prevention Act* of 1994? - -*Georgia Department of Natural
resources*.
-In Georgia, the legal document that pledges the property as collateral for
repayment of the loan is the: - -*Security Deed*.
-A community that merges, housing, recreation and commercial units into
one self contained development is called a : - -*pud*.
-The period of time in Georgia in which *Adverse Possession* ripens is: - -
*Seven (7) years under Color of Title.*
-Is Georgia a *Community Property State?* - -*No*
-Does Georgia have *Dower Laws?* - -*No*
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