GA REAL ESTATE EXAM PREP / HARD
2023 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* 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.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. 1 / 2
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.* Is Georgia a *Community Property State?* - Correct Answer *No* Does Georgia have *Dower Laws?* - Correct Answer *No* In Georgia, *Broker Duties* owed to a client: - Correct Answer Are determined by *BRRETA* or *Brokerage Relationships in Real Estate Transaction's act*
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