Georgia Real Estate Exam Questions and Answers
Deed âœâ€Ã¢Å“â€Document used to transfer title.
Title âœâ€Ã¢Å“â€Land+ deed, (who are the owners and what are their rights?)
Real Estate âœâ€Ã¢Å“â€Land+appurtenances (right or improvement attached to the land)
Two types of characteristics of land: âœâ€Ã¢Å“â€Physical & economic
What are the physical characteristics of land? âœâ€Ã¢Å“â€Immovable, indestructible,unique(nonhomogenous)
What are the economic characteristics of land? âœâ€Ã¢Å“â€Scarcity, improvable, permanence of
investment; situs
Situs âœâ€Ã¢Å“â€Property location