GEORGIA REAL ESTATE EXAM WITH 45+
QUESTIONS & CORRECT ANSWERS LATEST 2025
Which of the following may represent an exemption from Georgia fair housing laws - ANSWER-Angie owns a four-plex. She lives in one unit and rents out the others
Representing the sale price on a home as an amount greater than what it actually sold for is considered - ANSWER-Kiting
Which is NOT a focus of Georgia's Fair Housing Division - ANSWER-Providing financing for diverse housing communities
Which of the following is NOT a legal activity for a business broker - ANSWER- Conducting an appraisal of the business
GREC will investigate a complaint if that complaint occurred within how many years - ANSWER-Three years
Which is not a violation for which the education, research and recovery fund may compensate claimants in Georgia - ANSWER-Failure to disclose a criminal conviction
GAFLA prohibits which of the following - ANSWER-Financing of credit insurance
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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? - ANSWER-She can broker transactions that involve business entities themselves and no transfer of real property
Who holds the promissory note while it's being repaid? - ANSWER-The obligee
A consumer files a complaint against for providing professional real estate services without a license. What initial action will GREC likely take against her? - ANSWER-issue a cease and desist order.
The right of a borrower to redeem a property by paying amount owed plus cost, even after the foreclosure sale - ANSWER-Statutory Right of Redemption
Karen and Joe are purchasing a six-unit apartment complex for $450,000. The loan is secured by the property being purchased. Is this purchase subject to GRMFA provisions ? - ANSWER-No, because of the number of units
How is Georgia intangible tax computed ? - ANSWER-It is based on the amount borrowed, and it is $1.50 per each $500 or fractional part thereof, with a maximum of $25,000.
Which section of the sale contract says that certain unmet obligations will continue or be completed even after closing ? - ANSWER-Survival of the Agreement
Aubrey, an attorney for the seller, was extremely satisfied with the purchase offer his client was planning to sign. The sale contract contained all of the essential elements. What type of contract is this? - ANSWER-Valid
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