Georgia Department of Real Estate - Salesperson EXAM GUIDE Q & S 2026/2027

Georgia Department of Real Estate - Salesperson EXAM GUIDE Q & S 2026/2027

1. Which of the following best describes a fee simple absolute?
 A) The most complete interest in real property that one can own.
 B) A life estate that reverts to the state upon death.
 C) A leasehold interest for a term of years.
 D) A defeasible fee that may end on the occurrence of a
condition.
 Correct Answer: A
2. A zoning ordinance would be a matter of:
 A) Private control.
 B) Public control.
 C) Individual preference.
 D) Community suggestion.
 Correct Answer: B
3. The principle of substitution is MOST important in which type
of property valuation?
 A) Cost approach.
 B) Income approach.
 C) Sales comparison approach.