Georgia Real Estate Exam Study Guide| Complete Questions and correct answers| Latest 2026

Georgia Real Estate Exam Study Guide| Complete Questions and correct answers| Latest 2026 Accession The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre A measure of land area equal to 43560 square feet. 43560 The number of squarefeet in one acre. Active License Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license is held by a broker, rather than by the Commission. Air Lot A designated air space over a parcel of land. In condominiums, each individual unit occupies a separate one. Air Rights The right to use and enjoy the air space above a parcel of land. Such rights may be leased or sold separately from the land. Appurtenance Anything that may be used with the land for its benefit and goes to the new owner when ownership of the land is transferred. Mineral rights, air rights, water rights, easements, improvements, and natural attachments are examples. Artificial Monuments Man-made objects such as streets, fences, iron pins, concrete posts, etc. Associate Broker A person who has met all qualifications to be licensed as a broker, but who elects to act on behalf of another broker in performing any act authorized by law to be performed by a broker. Attorney General Legal counsel for the state. Whenever the Commission believes a serious violation of the License Law has occurred, the ____________ may bring an action in the name of the state to enforce compliance. Baseline Certain reference lines which run east and west; used in rectangular survey system to locate land. Bench Mark A permanent reference point of known location used by surveyors. A ________ may be a point established by a government survey team or a fixed monument such as a road right-of-way. Bill of Sale A document which conveys ownership to personal property. Broker An individual or legal entity licensed to act as the agent of another in buying, selling, exchanging, renting, leasing, managing, or auctioning real estate for another. Call The compass direction and distance for each boundary line. Censure Disciplinary power of the Commission whereby it reprimands a licensee, usually for technical violations occurring for the first time. Chattel Personal property. Closure The metes and bounds legal description must return to the point of beginning or the description is incomplete. Co-brokering Participation of more than one broker in a real estate transaction. Commingling Mixing funds held in trust with the brokers personal or business accounts. The Real Estate Commission The state licensing authority charged with the enforcement of the Real Estate License Law. Constructive Severance The transfer to someone other than the owner of the land the rights to remove attachments such as timber, or buildings, or the right to remove minerals. Contour The shape of the earths surface. Correlative Rights The doctrine of law which allows riparian owners in certain states to use only a reasonable share of water during periods of drought. Datum A point of surface of known location from which heights and depths are measured. The basic point from which vertical land(air rights and mineral rights) is described. Dual Agency Representing both the buyer and the seller in the same transaction. This practice constitutes a violation of License Law, unless both parties give their written consent. Earnest Money The purchaser's initial commitment of something of value to indicate that he/she wants to buy the property according to the terms of the offer being submitted. _______ deposits received by the broker must be