Exam (elaborations)
GA REAL ESTATE EXAM PREP / HARD EXAM/102 QUESTIONS AND ANSWERS
GA REAL ESTATE EXAM PREP / HARD EXAM/102 QUESTIONS AND ANSWERS
[Show more]
Content preview
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*
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card for the summaries. There is no membership needed.
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 Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.20. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now
