Metro Broker MIDTERM EXAM STUDY
GUIDE 2026/2027 COMPLETE QUESTIONS
WITH VERIFIED CORRECT ANSWERS ||
100% GUARANTEED PASS
<NEWEST VERSION>
1. The government's right to make laws and regulations for the general welfare
is known as:
A. eminent domain
B. police power
C. escheat
D. the bundle of rights - ANSWER ✔ B. police power
2. The City of Atlanta has condemned Nelson's land in order to extend its rapid
transit services. This procedure is made possible because of the city's right
of:
A. entry
B. escheat
C. eminent domain
D. police power - ANSWER ✔ C. eminent domain
3. A private landowner has the right to:
, A. reject a claim for taxes
B. repudiate a zoning ordinance
C. disinherit heirs
D. refuse to sell the property or otherwise prevent the city from taking it
for use as a street - ANSWER ✔ C. disinherit heirs
4. Which of the following best describes a parcel of land?
A. The surface of the earth includes all things permanently attached and
the control of all minerals and substances beneath
B. The surface of the earth extending down to the center and upward to
infinity
C. The earth's surface clearly marked by certain boundaries
D. The surface of the earth extending down a reasonable distance and up
into the air a reasonable distance - ANSWER ✔ B
5. In determining whether an item is a fixture, which of the following would
not be considered?
A. Method of attachment
B. Adaptation to the real estate
C. Value of the item
D. Legal interest of the annexing party - ANSWER ✔ C
6. The characteristic that distinguishes personal property from real property is:
A. mobility
B. scarcity
C. durability
D. flexibility - ANSWER ✔ A
7. When used in a deed or other real estate document, legal description
describes only the land because:
, A. a bill of sale is used to convey title to the buildings and other
improvements
B. artificial attachments, such as building, cannot be adequately
surveyed.
C. buildings and other improvements are considered to be part of the real
estate
D. a street address is used to identify the buildings and improvements -
ANSWER ✔ C
8. How does a broker prove they are not culpable if an agent makes a mistake?
- ANSWER ✔ 1. Reasonable supervision was available to agent
2. Broker had nothing to do with the infraction
3. The broker did not ratify the infraction (Did not see it happen without
telling them to stop)
9. What are Trade fixtures and how can they be removed? - ANSWER ✔
Trade fixture - item of personal property attached to land or building leased
by a tenant who uses the item in a trade or business
- Can be removed before lease ends by tenant and damages
cause by removal must be repaired. If not removed by lease
date become landlords by accession.
10.Requirements for salespersons license - ANSWER ✔ - 18 years old
- Resident of GA unless qualifying under nonresident status
- HS diploma or equivalent
- 75 hour approved course
- good moral character
- pass state exam
11.Requirements for Broker license - ANSWER ✔ - 21 years old
- Resident of GA or qualifying under nonresident
- HS diploma or equivalent
, - Have held active license at least 3 of 5 past years
- 60 hour approved course or equivalent
- good moral character
- pass state exam
12.Attachment lien - ANSWER ✔ Grants court custody of property while a law
suit is proceeding.
- stops someone from getting house out of name
13.If a person buys a house and a deed is not recorded, who is the rightful
buyer? - ANSWER ✔ The buyer, so long as some form of constructive
notice has been given (moving in, cultivating the land) and no subsequent
recordations of title were made prior to notice
14.How is an appraisal charged? - ANSWER ✔ The fee charged can never be
based on the estimate of value
15.replacement (cost approach) - ANSWER ✔ The cost of replacement of
buildings, at today's prices and using today's construction materials, with a
SIMILAR or COMPARABLE structure, to serve the same purpose. (not the
same as REPRODUCTION)
16.Insurance proration - ANSWER ✔ - paid in advance
- credited to the seller from day after closing until day Before
next premium is due
Formula - Annual premium/365 = Daily rate.
Daily rate x number of days
GUIDE 2026/2027 COMPLETE QUESTIONS
WITH VERIFIED CORRECT ANSWERS ||
100% GUARANTEED PASS
<NEWEST VERSION>
1. The government's right to make laws and regulations for the general welfare
is known as:
A. eminent domain
B. police power
C. escheat
D. the bundle of rights - ANSWER ✔ B. police power
2. The City of Atlanta has condemned Nelson's land in order to extend its rapid
transit services. This procedure is made possible because of the city's right
of:
A. entry
B. escheat
C. eminent domain
D. police power - ANSWER ✔ C. eminent domain
3. A private landowner has the right to:
, A. reject a claim for taxes
B. repudiate a zoning ordinance
C. disinherit heirs
D. refuse to sell the property or otherwise prevent the city from taking it
for use as a street - ANSWER ✔ C. disinherit heirs
4. Which of the following best describes a parcel of land?
A. The surface of the earth includes all things permanently attached and
the control of all minerals and substances beneath
B. The surface of the earth extending down to the center and upward to
infinity
C. The earth's surface clearly marked by certain boundaries
D. The surface of the earth extending down a reasonable distance and up
into the air a reasonable distance - ANSWER ✔ B
5. In determining whether an item is a fixture, which of the following would
not be considered?
A. Method of attachment
B. Adaptation to the real estate
C. Value of the item
D. Legal interest of the annexing party - ANSWER ✔ C
6. The characteristic that distinguishes personal property from real property is:
A. mobility
B. scarcity
C. durability
D. flexibility - ANSWER ✔ A
7. When used in a deed or other real estate document, legal description
describes only the land because:
, A. a bill of sale is used to convey title to the buildings and other
improvements
B. artificial attachments, such as building, cannot be adequately
surveyed.
C. buildings and other improvements are considered to be part of the real
estate
D. a street address is used to identify the buildings and improvements -
ANSWER ✔ C
8. How does a broker prove they are not culpable if an agent makes a mistake?
- ANSWER ✔ 1. Reasonable supervision was available to agent
2. Broker had nothing to do with the infraction
3. The broker did not ratify the infraction (Did not see it happen without
telling them to stop)
9. What are Trade fixtures and how can they be removed? - ANSWER ✔
Trade fixture - item of personal property attached to land or building leased
by a tenant who uses the item in a trade or business
- Can be removed before lease ends by tenant and damages
cause by removal must be repaired. If not removed by lease
date become landlords by accession.
10.Requirements for salespersons license - ANSWER ✔ - 18 years old
- Resident of GA unless qualifying under nonresident status
- HS diploma or equivalent
- 75 hour approved course
- good moral character
- pass state exam
11.Requirements for Broker license - ANSWER ✔ - 21 years old
- Resident of GA or qualifying under nonresident
- HS diploma or equivalent
, - Have held active license at least 3 of 5 past years
- 60 hour approved course or equivalent
- good moral character
- pass state exam
12.Attachment lien - ANSWER ✔ Grants court custody of property while a law
suit is proceeding.
- stops someone from getting house out of name
13.If a person buys a house and a deed is not recorded, who is the rightful
buyer? - ANSWER ✔ The buyer, so long as some form of constructive
notice has been given (moving in, cultivating the land) and no subsequent
recordations of title were made prior to notice
14.How is an appraisal charged? - ANSWER ✔ The fee charged can never be
based on the estimate of value
15.replacement (cost approach) - ANSWER ✔ The cost of replacement of
buildings, at today's prices and using today's construction materials, with a
SIMILAR or COMPARABLE structure, to serve the same purpose. (not the
same as REPRODUCTION)
16.Insurance proration - ANSWER ✔ - paid in advance
- credited to the seller from day after closing until day Before
next premium is due
Formula - Annual premium/365 = Daily rate.
Daily rate x number of days
