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The CE Shop Georgia State Exam Practice exams questions and answers.
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The CE Shop Georgia State Exam Practice exams questions and answers. The CE Shop Georgia State Exam Practice exams questions and answers. The CE Shop Georgia State Exam Practice exams questions and answers. The CE Shop Georgia State Exam Practice exams questions and answers.

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  • August 24, 2024
  • 34
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • the ce shop georgia state exam practice exams ques

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  • CE Shop
  • CE Shop

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The CE Shop Georgia State Exam
Practice exams questions and answers




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 /- /correct /Answers /✔✔ /-*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 /- /correct /Answers /✔✔ /-*The /Georgia /Governor*

,*How's /the /Georgia /intangible /tax /computed?*



-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 /- /correct /Answers /✔✔ /-
*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


In /Georgia, /upon /what /amount /is /the /transfer /tax /calculated?



-Appraisal /Amount



-Down /Payment /Amount



-Loan /Amount



-Sales /Price /- /correct /Answers /✔✔ /-*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 /- /correct /Answers /✔✔ /-
*States /who /owes /money, /to /whom, /how /much, /and /how /it /will /be /repaid

*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 /- /correct /Answers /✔✔ /-
*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



-
Get
/Frank's
/signature /on /the /official /acceptance /letter /notarized /and /recorded /at /the /county /clerk's /office

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