GEORGIA REAL ESTATE 2026 COMPREHENSIVE
STUDY GUIDE FULL SOLUTIONS PASSED A+
◉ Mixed-use real estate is property that allows for. Answer: two uses,
commercial and residential, in the same building.
◉ Schools are considered part of which real estate classification?.
Answer: Special purpose
◉ All of the following would affect demand EXCEPT. Answer: fiscal
policy
◉ A real estate professional who performs a visual survey of a property's
structure and prepares a report for a purchaser or an owner is a(n).
Answer: home inspector
◉ A licensee who helps clients choose among the various alternatives
involved in purchasing, using, or investing in property is a. Answer: real
estate counselor
◉ The Counselors of Real Estate (CRE), Commercial Investment Real
Estate Institute (CIREI), and Institute of Real Estate Management
(IREM) are affiliated institutes of. Answer: NAR
,◉ The scope of the property manager's work depends on the terms of the
individual employment contract, which is known as. Answer:
management agreement
◉ Many trade organizations serve the real estate business. The largest is
the. Answer: National Association of REALTORS® (NAR).
◉ Residential real estate includes. Answer: property used for single-
family or multifamily dwellings, whether in urban, suburban, or rural
areas.
◉ All of the following affect how quickly the forces of supply and
demand work EXCEPT. Answer: degree of standardization of the
product's price
◉ The NAR is composed of. Answer: state, regional, and local
associations.
◉ A licensee is a person who has satisfied the requirements of the
employing broker.. Answer: False
◉ Improvements such as water lines and storm sewers made on public
lands to serve a new development are called off-site improvements..
Answer: true
,◉ Many trade organizations serve the real estate business. The largest is
the National Association of REALTORS® (NAR).. Answer: True
◉ The Institute of Real Estate Management (IREM) is affiliated with the
National Association of Real Estate Brokers (NAREB).. Answer: False
◉ Shopping centers, stores, theaters, hotels, and parking facilities are
examples of special-purpose properties.. Answer: False
◉ Because it is possible for a single real estate firm or an individual real
estate professional to perform all the services and handle all classes of
property, few firms and professionals specialize in any one type..
Answer: False
◉ The Federal Reserve Board (the Fed) establishes a discount rate of
interest for the money it lends to commercial banks.. Answer: True
◉ Two characteristics of real estate govern the way the market reacts to
the pressures of supply and demand: uniqueness and immobility..
Answer: True
◉ Which of the following is a physical characteristic of land?. Answer:
indestructibility
, ◉ The phrase bundle of legal rights is properly included in. Answer: the
definition of real property.
◉ All of the following are included in a property owner's bundle of legal
rights EXCEPT. Answer: exclude utility meter readers.
◉ Method of annexation, adaptation to real estate, and agreement
between the parties are the legal tests for determining whether an item is.
Answer: a fixture or personal property.
◉ A woman rents space in a commercial building and installs large
tables fastened to the walls and shelves to the floor. These items.
Answer: are trade fixtures and may properly be removed.
◉ Dry land accounts for only about. Answer: one-quarter of the earth.
◉ In addition to state licensing laws, other laws that have a significant
effect on the practice of real estate include. Answer: state and local land-
use and zoning laws.
◉ Land is considered to be. Answer: indestructible.
◉ A body of complex laws is involved in. Answer: even the most simple
real estate transaction.
STUDY GUIDE FULL SOLUTIONS PASSED A+
◉ Mixed-use real estate is property that allows for. Answer: two uses,
commercial and residential, in the same building.
◉ Schools are considered part of which real estate classification?.
Answer: Special purpose
◉ All of the following would affect demand EXCEPT. Answer: fiscal
policy
◉ A real estate professional who performs a visual survey of a property's
structure and prepares a report for a purchaser or an owner is a(n).
Answer: home inspector
◉ A licensee who helps clients choose among the various alternatives
involved in purchasing, using, or investing in property is a. Answer: real
estate counselor
◉ The Counselors of Real Estate (CRE), Commercial Investment Real
Estate Institute (CIREI), and Institute of Real Estate Management
(IREM) are affiliated institutes of. Answer: NAR
,◉ The scope of the property manager's work depends on the terms of the
individual employment contract, which is known as. Answer:
management agreement
◉ Many trade organizations serve the real estate business. The largest is
the. Answer: National Association of REALTORS® (NAR).
◉ Residential real estate includes. Answer: property used for single-
family or multifamily dwellings, whether in urban, suburban, or rural
areas.
◉ All of the following affect how quickly the forces of supply and
demand work EXCEPT. Answer: degree of standardization of the
product's price
◉ The NAR is composed of. Answer: state, regional, and local
associations.
◉ A licensee is a person who has satisfied the requirements of the
employing broker.. Answer: False
◉ Improvements such as water lines and storm sewers made on public
lands to serve a new development are called off-site improvements..
Answer: true
,◉ Many trade organizations serve the real estate business. The largest is
the National Association of REALTORS® (NAR).. Answer: True
◉ The Institute of Real Estate Management (IREM) is affiliated with the
National Association of Real Estate Brokers (NAREB).. Answer: False
◉ Shopping centers, stores, theaters, hotels, and parking facilities are
examples of special-purpose properties.. Answer: False
◉ Because it is possible for a single real estate firm or an individual real
estate professional to perform all the services and handle all classes of
property, few firms and professionals specialize in any one type..
Answer: False
◉ The Federal Reserve Board (the Fed) establishes a discount rate of
interest for the money it lends to commercial banks.. Answer: True
◉ Two characteristics of real estate govern the way the market reacts to
the pressures of supply and demand: uniqueness and immobility..
Answer: True
◉ Which of the following is a physical characteristic of land?. Answer:
indestructibility
, ◉ The phrase bundle of legal rights is properly included in. Answer: the
definition of real property.
◉ All of the following are included in a property owner's bundle of legal
rights EXCEPT. Answer: exclude utility meter readers.
◉ Method of annexation, adaptation to real estate, and agreement
between the parties are the legal tests for determining whether an item is.
Answer: a fixture or personal property.
◉ A woman rents space in a commercial building and installs large
tables fastened to the walls and shelves to the floor. These items.
Answer: are trade fixtures and may properly be removed.
◉ Dry land accounts for only about. Answer: one-quarter of the earth.
◉ In addition to state licensing laws, other laws that have a significant
effect on the practice of real estate include. Answer: state and local land-
use and zoning laws.
◉ Land is considered to be. Answer: indestructible.
◉ A body of complex laws is involved in. Answer: even the most simple
real estate transaction.
