GA REAL ESTATE EXAM PREP HARD

GA REAL ESTATE EXAM PREP / HARD

LATEST UPDATED 2023

How often *must* you take continuing education? ✔✔*Every 4 years*.

In Georgia, which of the following is *NOT* a cost or expense of owning a home? ✔✔Taxes on *personal property*.

A *Broker's*, license fee costs how much? ✔✔*$170*

All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special Assessments, Statutory Right of Redemption, Equitable Right of Redemption ✔✔*Statutory Right of Redemption*

Which of the following statements about a *Management Agreement* is *FALSE*? ✔✔*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: ✔✔cost to repair is more than the value it ads.

What is *TRUE* about an *Associate Broker* in Georgia? ✔✔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: ✔✔*Land Lots* and *Districts*.

Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? ✔✔Georgia allows *Joint Tenancy.*

How many hours of continuing education are required to renew a 4 year real estate *Salespersons*, license? ✔✔24

What is *Homestead Protection*? ✔✔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*? ✔✔*NOT* a Covenant of, *Further Assurance*.

To keep a Georgia Sales Associate License, an individual must do all of the following *EXCEPT*: ✔✔*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*?✔✔*Certified General*

The real estate records in Georgia are maintained by the: ✔✔*Clerk of Superior Court*

To be recorded in Georgia, the deed must be witnessed by: ✔✔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. ✔✔*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: ✔✔a *DISPOSSESSION*.

Real property legal descriptions in Georgia can be based on all of the following *EXCEPT*: Land Lots, Township, Georgia Militia Districts, Districts. ✔✔*EXCEPT, Township*.

Under Georgia law, to claim adverse possession, the claim *Must* be: ✔✔*Must be,* Accompanied by a *Claim of Right* and *Free of Fraud.*

The relationship between *Broker and Seller* is generally what type of agency? ✔✔*Special*.

Which *State Agency* is responsible for the implementation of the *Georgia Lead Paint Prevention Act* of 1994? ✔✔*Georgia Department of Natural resources*.

In Georgia, the legal document that pledges the property as collateral for repayment of the loan is

the: ✔✔*Security Deed*.

A community that merges, housing, recreation and commercial units into one self contained

development is called a : ✔✔*pud*.