Georgia real e Study guides, Class notes & Summaries

Which of the following are appointed by the governor? A. Members of the Georgia Real Estate Commission. B. The Real Estate Commissioner. C. Real estate instructors. D. Georgia Real Estate Commission employees. - ANSWER >> CORRECT ANSWER IS: A >> YOUR ANSWER IS: A Members of the Georgia Real Estate Commission are appointed by the governor. The Real Estate Commissioner is an employee hired by the Real Estate Commission. All employees of the commission must be unlicensed or ina...

Georgia Real Estate Exam Study Guide. Commission Members - answer-6 members total -Appointed by the governor and confirmed by the state senate, for 5 year terms -The terms are staggered -5 members MUST be licensed in real estate for at least 5 years and a Georgia resident for at least 5 years -1 member must be a "consumer member" with no connection to the real estate industry Commissioner - answer-A full-time employee hired by the commission members to run the day-to-day operation, hir...

Accession - ANSWER The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre - ANSWER A measure of land area equal to 43560 square feet. 43560 - ANSWER The number of squarefeet in one acre. Active License - ANSWER Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license is held by a broker, rather than by ...

personal property - correct answer -are the items the seller can load into the van when moving after the sale chattels personal - correct answer -refers to cars, boats, furniture, clothes, stocks, money and tools chattels real - correct answer -items that extend to owner an interest in real property; leases, mortgages, contracts to purchase and options deed - correct answer -is how real property is transferred bill of sale - correct answer -how personal property is transferred rea...

Intangible taxes are charged against the amount new funds burrowed by the buyer (less any part of the seller's loan assumed by the buyer). Alex bought a condo for $110,750 and put $11,500 down. What would the intangible recording tax be? $110,750 - $11,500= $99,250 in new debt/ 500= $198.50 (round up to $199) x $1.50= $298.50 Dain and Sherly's home sold for $751,150. They owe $675,900 on their mortgage. What will their net be after they pay $24,500 in expenses and a 6.8% commission? C...

1. which of the following ways of specialization is common in the real estate brokerage business A) by background of client B) by type of property C) by years of experience in the business D) by type of mortgage financing required - correct answer -b 2. which of the following is included in the legal concept of land A) A corn crop B) a lake C) a felled tree D) an abandoned vehicle - correct answer -b 3. a property abuts a non navigable stream. What does the owner own A) land to th...

Study Guide Questions and Answers with Key Terms for Georgia Real Estate Exam Revision.

Georgia Real Estate Exam Rated A+ personal property ️are the items the seller can load into the van when moving after the sale chattels personal ️refers to cars, boats, furniture, clothes, stocks, money and tools chattels real ️items that extend to owner an interest in real property; leases, mortgages, contracts to purchase and options deed ️is how real property is transferred bill of sale ️how personal property is transferred real estate ️consists of land itself plus t...

Accession - Answer The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre - Answer A measure of land area equal to 43560 square feet. 43560 - Answer The number of squarefeet in one acre. Active License - Answer Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license is held by a broker, rather ...

Georgia Real Estate Exam Study Guide All Answers Correct Accession ️The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre ️A measure of land area equal to 43560 square feet. 43560 ️The number of squarefeet in one acre. Active License ️Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license ...