GA REAL ESTATE EXAM
PREP QUESTIONS WITH ALL
COMPLETE SOLUTIONS ALL PASSED!!
Which of the following statements about a *Management Agreement* is *FALSE*? -
Correct Answer-*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: - Correct Answer-
cost to repair is more than the value it ads.
What is *TRUE* about an *Associate Broker* in Georgia? - Correct Answer-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.
How often *must* you take continuing education? - Correct Answer-*Every 4 years*.
In Georgia, which of the following is *NOT* a cost or expense of owning a home? -
Correct Answer-Taxes on *personal property*.
A *Broker's*, license fee costs how much? - Correct Answer-*$170*
All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special
Assessments, Statutory Right of Redemption, Equitable Right of Redemption - Correct
Answer-*Statutory Right of Redemption*
The squared or rectangles used in Georgia legal description are: - Correct Answer-
*Land Lots* and *Districts*.
Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? - Correct Answer-
Georgia allows *Joint Tenancy.*
How many hours of continuing education are required to renew a 4 year real estate
*Salespersons*, license? - Correct Answer-24
What is *Homestead Protection*? - Correct Answer-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*? - Correct Answer-*NOT* a Covenant of, *Further Assurance*.
To keep a Georgia Sales Associate License, an individual must do all of the following
*EXCEPT*: - Correct Answer-*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*? -
Correct Answer-*Certified General*
The real estate records in Georgia are maintained by the: - Correct Answer-*Clerk of
Superior Court*
To be recorded in Georgia, the deed must be witnessed by: - Correct Answer-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. -
Correct Answer-*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: - Correct Answer-a
*DISPOSSESSION*.
Real property legal descriptions in Georgia can be based on all of the following
*EXCEPT*: Land Lots, Township, Georgia Militia Districts, Districts. - Correct Answer-
*EXCEPT, Township*.
Under Georgia law, to claim adverse possession, the claim *Must* be: - Correct
Answer-*Must be,* Accompanied by a *Claim of Right* and *Free of Fraud.*
The relationship between *Broker and Seller* is generally what type of agency? -
Correct Answer-*Special*.
Which *State Agency* is responsible for the implementation of the *Georgia Lead Paint
Prevention Act* of 1994? - Correct Answer-*Georgia Department of Natural resources*.
In Georgia, the legal document that pledges the property as collateral for repayment of
the loan is the: - Correct Answer-*Security Deed*.
A community that merges, housing, recreation and commercial units into one self
contained development is called a : - Correct Answer-*pud*.
The period of time in Georgia in which *Adverse Possession* ripens is: - Correct
Answer-*Seven (7) years under Color of Title.*
PREP QUESTIONS WITH ALL
COMPLETE SOLUTIONS ALL PASSED!!
Which of the following statements about a *Management Agreement* is *FALSE*? -
Correct Answer-*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: - Correct Answer-
cost to repair is more than the value it ads.
What is *TRUE* about an *Associate Broker* in Georgia? - Correct Answer-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.
How often *must* you take continuing education? - Correct Answer-*Every 4 years*.
In Georgia, which of the following is *NOT* a cost or expense of owning a home? -
Correct Answer-Taxes on *personal property*.
A *Broker's*, license fee costs how much? - Correct Answer-*$170*
All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special
Assessments, Statutory Right of Redemption, Equitable Right of Redemption - Correct
Answer-*Statutory Right of Redemption*
The squared or rectangles used in Georgia legal description are: - Correct Answer-
*Land Lots* and *Districts*.
Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? - Correct Answer-
Georgia allows *Joint Tenancy.*
How many hours of continuing education are required to renew a 4 year real estate
*Salespersons*, license? - Correct Answer-24
What is *Homestead Protection*? - Correct Answer-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*? - Correct Answer-*NOT* a Covenant of, *Further Assurance*.
To keep a Georgia Sales Associate License, an individual must do all of the following
*EXCEPT*: - Correct Answer-*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*? -
Correct Answer-*Certified General*
The real estate records in Georgia are maintained by the: - Correct Answer-*Clerk of
Superior Court*
To be recorded in Georgia, the deed must be witnessed by: - Correct Answer-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. -
Correct Answer-*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: - Correct Answer-a
*DISPOSSESSION*.
Real property legal descriptions in Georgia can be based on all of the following
*EXCEPT*: Land Lots, Township, Georgia Militia Districts, Districts. - Correct Answer-
*EXCEPT, Township*.
Under Georgia law, to claim adverse possession, the claim *Must* be: - Correct
Answer-*Must be,* Accompanied by a *Claim of Right* and *Free of Fraud.*
The relationship between *Broker and Seller* is generally what type of agency? -
Correct Answer-*Special*.
Which *State Agency* is responsible for the implementation of the *Georgia Lead Paint
Prevention Act* of 1994? - Correct Answer-*Georgia Department of Natural resources*.
In Georgia, the legal document that pledges the property as collateral for repayment of
the loan is the: - Correct Answer-*Security Deed*.
A community that merges, housing, recreation and commercial units into one self
contained development is called a : - Correct Answer-*pud*.
The period of time in Georgia in which *Adverse Possession* ripens is: - Correct
Answer-*Seven (7) years under Color of Title.*
