METRO BROKER FINAL STUDY GUIDE
2026 COMPLETE QUESTIONS WITH
CORRECT SOLUTIONS GRADED A+
1) A buyer puts in an offer and deposits earnest money, but decides
she likes a better house. Can she cancel her offer and get her money
back?
a) No, the seller can keep the money
b) No, they are under contract
c) Yes, but only before the offer is accepted
d) Yes, with the seller agreement. Answer: c) Yes, but only before the
offer is accepted
2) What is a CAM license for?
a) Listing property
b) Managing apartment building
c) Managing building projects
d) Manager of a subdivision association. Answer: d) Manager of a
subdivision association
3) How many square feet in an acre?
a) 43560
,b) 34560
c) 56043
d) 43650. Answer: a) 43560
4) How many square miles in a Township?
a) 6
b) 35
c) 36
d) 34. Answer: c) 36
5) What determines the fee for appraisal?
a) Market price of property
b) The Lender
c) The amount of work and time
d) The sales price of the property. Answer: c) The amount of work
and time
6) In Georgia, most community associations are required to have
what?
a) A licensed CAM agent
b) General insurance
c) Fidelity insurance
d) Hazard insurance
,e) An active real estate broker license. Answer: c) Fidelity insurance
8) If an affiliate licensee violates rules and regulations or license law,
is the broker required to notify the commission?
a) Yes, only if money was involved
b) No, the broker can provide training
c) No, only consumers can file complaints
d) Yes, always. Answer: d) Yes, always
7) If the lender requires 8 months of taxes and 5 months of
hazardous insurance to establish the escrow account, how much
would the buyer have to pay if the annual tax bill was $1900 and the
annual hazardous insurance is $850?
a) $2354.76
b) $1620.84
c) $1273.67
d) $2750.00. Answer: b) $1620.84
$1,900. = $158.33
$158.33 X 8 = $1,266.67 8 months of taxes
$850. = $70.83
$70.83 X5 = $354.17
, $1,266.67 + $354.166 = $1,620.84
9) What is the broker responsible for over a licensed real estate
agent?
a) Controlling the amount of work the salesperson does
b) Ensuring affiliates are properly licensed
c) Nothing, each person is responsible for themselves.
d) Provide no instructions to licensees. Answer: b) Ensuring affiliates
are properly licensed
10) Regulation Z covers all the following except...
a) Real estate loan for single family home
b) Real estate loan for a new business
c) Mortgage loan advertising
d) A $24,000 car loan.. Answer: b) Real estate loan for a new business
11) Who can give an FHA loan?
a) Any lender
b) Only approved FHA mortgagors
c) Only approved FHA mortgagee
d) The federal government lends the money. Answer: c) Only
approved FHA mortgagee
2026 COMPLETE QUESTIONS WITH
CORRECT SOLUTIONS GRADED A+
1) A buyer puts in an offer and deposits earnest money, but decides
she likes a better house. Can she cancel her offer and get her money
back?
a) No, the seller can keep the money
b) No, they are under contract
c) Yes, but only before the offer is accepted
d) Yes, with the seller agreement. Answer: c) Yes, but only before the
offer is accepted
2) What is a CAM license for?
a) Listing property
b) Managing apartment building
c) Managing building projects
d) Manager of a subdivision association. Answer: d) Manager of a
subdivision association
3) How many square feet in an acre?
a) 43560
,b) 34560
c) 56043
d) 43650. Answer: a) 43560
4) How many square miles in a Township?
a) 6
b) 35
c) 36
d) 34. Answer: c) 36
5) What determines the fee for appraisal?
a) Market price of property
b) The Lender
c) The amount of work and time
d) The sales price of the property. Answer: c) The amount of work
and time
6) In Georgia, most community associations are required to have
what?
a) A licensed CAM agent
b) General insurance
c) Fidelity insurance
d) Hazard insurance
,e) An active real estate broker license. Answer: c) Fidelity insurance
8) If an affiliate licensee violates rules and regulations or license law,
is the broker required to notify the commission?
a) Yes, only if money was involved
b) No, the broker can provide training
c) No, only consumers can file complaints
d) Yes, always. Answer: d) Yes, always
7) If the lender requires 8 months of taxes and 5 months of
hazardous insurance to establish the escrow account, how much
would the buyer have to pay if the annual tax bill was $1900 and the
annual hazardous insurance is $850?
a) $2354.76
b) $1620.84
c) $1273.67
d) $2750.00. Answer: b) $1620.84
$1,900. = $158.33
$158.33 X 8 = $1,266.67 8 months of taxes
$850. = $70.83
$70.83 X5 = $354.17
, $1,266.67 + $354.166 = $1,620.84
9) What is the broker responsible for over a licensed real estate
agent?
a) Controlling the amount of work the salesperson does
b) Ensuring affiliates are properly licensed
c) Nothing, each person is responsible for themselves.
d) Provide no instructions to licensees. Answer: b) Ensuring affiliates
are properly licensed
10) Regulation Z covers all the following except...
a) Real estate loan for single family home
b) Real estate loan for a new business
c) Mortgage loan advertising
d) A $24,000 car loan.. Answer: b) Real estate loan for a new business
11) Who can give an FHA loan?
a) Any lender
b) Only approved FHA mortgagors
c) Only approved FHA mortgagee
d) The federal government lends the money. Answer: c) Only
approved FHA mortgagee
