The CE shop 75-HR GA Final Exam Missed Questions and Verified Correct Answers Latest Update Guaranteed Success

The CE Shop 75-Hour Georgia Final Exam: A Comprehensive Guide to Success

Embarking on a career in real estate necessitates a thorough understanding of the field, and completing The CE Shop's 75-Hour Georgia Pre-Licensing course is a pivotal step in this journey. This course not only imparts essential knowledge but also culminates in a final examination designed to assess your grasp of the material. Achieving a passing score on this exam is imperative for obtaining your real estate license in Georgia.

Understanding the Final Exam Structure

The final exam for The CE Shop's 75-Hour Georgia Pre-Licensing course is meticulously crafted to evaluate your comprehension of key real estate concepts. It comprises multiple-choice questions that cover a broad spectrum of topics, including property ownership, land use controls, valuation, financing, and real estate laws pertinent to Georgia. The exam is proctored to ensure the integrity of the testing process.

Commonly Missed Questions and Their Correct Answers

Many students encounter challenges with specific questions on the final exam. Familiarity with these commonly missed questions can significantly enhance your preparation. Below are some examples:

1. Question: What is the primary purpose of a deed?

   • Answer: To transfer ownership of real property from one party to another.

2. Question: Which of the following is a characteristic of a joint tenancy?

   • Answer: The right of survivorship, where the surviving co-owners inherit the deceased's share.

3. Question: In Georgia, how long must a broker retain records of real estate transactions?

   • Answer: Three years.

4. Question: What is the maximum amount of earnest money a broker can hold in a trust account without earning interest?

   • Answer: $25,000.

5. Question: Which of the following is considered a material fact that must be disclosed to potential buyers?

   • Answer: A known structural defect in the property.

For a more extensive list of commonly missed questions and their correct answers, resources such as Quizlet offer valuable study materials

.

Utilizing Study Materials and Practice Exams

To bolster your preparation, consider utilizing practice exams and study guides. The CE Shop provides a comprehensive Exam Prep Edge program tailored for Georgia real estate exams

. This program offers practice questions, detailed explanations, and performance tracking to identify areas needing improvement.

Additionally, platforms like Stuvia offer compiled exam questions and answers that can serve as supplementary study aids

.

Strategies for Exam Success

1. Consistent Study Routine: Establish a regular study schedule to ensure comprehensive coverage of all course material.

2. Active Engagement: Engage with interactive elements within the course, such as quizzes and discussion forums, to reinforce learning.

3. Peer Collaboration: Join study groups or online communities to exchange knowledge and clarify doubts.

4. Mock Exams: Regularly take practice exams to familiarize yourself with the question format and time constraints.

5. Seek Clarification: Don't hesitate to reach out to instructors or utilize support resources for any areas of confusion.

Final Thoughts

Achieving success in The CE Shop's 75-Hour Georgia Pre-Licensing final exam requires dedication, strategic preparation, and a thorough understanding of the subject matter. By leveraging available resources, engaging in consistent study practices, and focusing on commonly missed questions, you can enhance your readiness and increase the likelihood of passing the exam on your first attempt. Remember, the goal is not only to pass the exam but to build a solid foundation for a successful real estate career in Georgia.

Below are sample Questions and Answers:

A license holder may have more than one claim against him. However, payments made
from the Real Estate Education, Research, and Recovery Fund on behalf of the license
holder must not exceed what amount? - CORRECT ANSWER: Payments from the Real
Estate Education, Research, and Recovery Fund for claims against a single license
holder are not to exceed $75,000.
A limited liability company combines some advantages of which two types of
structures? - CORRECT ANSWER: An LLC combines the advantages of a partnership
with the legal shield offered by corporations
A mortgage is a legally binding document that creates a lien on a piece of property and
gives
the lender the right to foreclose on the property if the borrower defaults. Who or what
entity is
considered the mortgagee? - CORRECT ANSWER: The lender holds the mortgage on
the property, so the lender is the mortgagee.
Agency may be legally terminated in which of the following ways? - CORRECT
ANSWER: Broker incapacitation can legally terminate an agency agreement. If an agent
is incapacitated, the
broker can assign a new agent to the client.
As part of the sales contract, Garth, the seller, was supposed to provide a copy of the
seller's
disclosure to the buyer, Melanie, but he failed to do so. What type of contract is this? -
CORRECT ANSWER: A voidable contract can be cancelled by one or more parties
because it's missing an essential
element. In this situation, Melanie, the buyer, has the right to cancel the contract and
have her earnest
money refunded.
Bart is an independent contractor. That means that his managing broker, Lee, has the
right to ______. - CORRECT ANSWER: A broker can require independent contractors
to achieve certain results, but isn't allowed to control how that work is done.
Borrowers with which credit rating are considered subprime? - CORRECT ANSWER:
The underlying FICO score that creates a credit rating is subject to change, but
borrowers with less than an A- rating are considered subprime.