Georgia Real Estate Exam Prep Scenario Questions & Answers 100% Correct(RATED A+)

Angie owns a four-plex. She lives in one unit and rents out the others - ANSWER-Which of the following may represent an exemption from Georgia fair housing laws Kiting - ANSWER-Representing the sale price on a home as an amount greater than what it actually sold for is considered Providing financing for diverse housing communities - ANSWER-Which is NOT a focus of Georgia's Fair Housing Division Conducting an appraisal of the business - ANSWER-Which of the following is NOT a legal activity for a business broker Three years - ANSWER-GREC will investigate a complaint if that complaint occurred within how many years Failure to disclose a criminal conviction - ANSWER-Which is not a violation for which the education, research and recovery fund may compensate claimants in Georgia Financing of credit insurance - ANSWER-GAFLA prohibits which of the following She can broker transactions that involve business entities themselves and no transfer of real property - ANSWER-Business brokerage in Atlanta is hopping, and Azra would like to get into the field. But she doesn't have a real estate license. What are her options? The obligee - ANSWER-Who holds the promissory note while it's being repaid? issue a cease and desist order. - ANSWER-A consumer files a complaint against for providing professional real estate services without a license. What initial action will GREC likely take against her? Statutory Right of Redemption - ANSWER-The right of a borrower to redeem a property by paying amount owed plus cost, even after the foreclosure sale No, because of the number of units - ANSWER-Karen and Joe are purc