METRO BROKER FINAL EXAM SCRIPT
2026 QUESTIONS WITH ANSWERS
GRADED A+
◉ 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.
◉ 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
◉ 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
◉ Attachment lien Answer: Grants court custody of property while a
law suit is proceeding.
- stops someone from getting house out of name
◉ 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
◉ How is an appraisal charged? Answer: The fee charged can never
be based on the estimate of value
◉ 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)
◉ 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
◉ universal agent Answer: Authorized to perform any act the
principal could perform, has authority w out limitations
◉ General agent Answer: Authorized to bind their Principal in the
ongoing conduct of a particular business,
◉ Special agent (limited) Answer: Appointed for a specific purpose
or to act on a particular occasion (listing agent)
◉ Actual agency Answer: Parties have entered into an agreement
◉ Ostensible agency Answer: third party relies on the principal's
expressed or implied representation w/o agreement
◉ Implied agency Answer: when a broker, showing a property to a
prospective buyer, causes the buyer to feel broker is acting on their
behalf *RATIFICATION
◉ Ratification Answer: Acceptance of an agents unauthorized acts
by direct confirmation or implication
, ◉ material facts Answer: facts a party, would want to know, and
could not reasonably discover, up to a ONE MILE RADIUS
◉ ministerial acts Answer: acts that do not require a licensee's
professional skill or judgment
◉ BRETA Answer: Brokerage relationship in real estate transaction
act
◉ What is BRETA Answer: Governs the relationships between
licensees and their clients or customers
-to prevent "detrimental misunderstandings" that common law might
cause in brokerage relationships
◉ When will an agency contract terminate without a date? Answer:
ONE YEAR
◉ When to turn in earnest money? Answer: As soon as practically
possible, to the broker. The check must be made out to the broker,
not the agent.
- normally within a business day
◉ What makes a valid deed from the grantors side? Answer: -Must
be in writing,
-name a competent grantor, -name a grantee,
2026 QUESTIONS WITH ANSWERS
GRADED A+
◉ 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.
◉ 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
◉ 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
◉ Attachment lien Answer: Grants court custody of property while a
law suit is proceeding.
- stops someone from getting house out of name
◉ 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
◉ How is an appraisal charged? Answer: The fee charged can never
be based on the estimate of value
◉ 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)
◉ 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
◉ universal agent Answer: Authorized to perform any act the
principal could perform, has authority w out limitations
◉ General agent Answer: Authorized to bind their Principal in the
ongoing conduct of a particular business,
◉ Special agent (limited) Answer: Appointed for a specific purpose
or to act on a particular occasion (listing agent)
◉ Actual agency Answer: Parties have entered into an agreement
◉ Ostensible agency Answer: third party relies on the principal's
expressed or implied representation w/o agreement
◉ Implied agency Answer: when a broker, showing a property to a
prospective buyer, causes the buyer to feel broker is acting on their
behalf *RATIFICATION
◉ Ratification Answer: Acceptance of an agents unauthorized acts
by direct confirmation or implication
, ◉ material facts Answer: facts a party, would want to know, and
could not reasonably discover, up to a ONE MILE RADIUS
◉ ministerial acts Answer: acts that do not require a licensee's
professional skill or judgment
◉ BRETA Answer: Brokerage relationship in real estate transaction
act
◉ What is BRETA Answer: Governs the relationships between
licensees and their clients or customers
-to prevent "detrimental misunderstandings" that common law might
cause in brokerage relationships
◉ When will an agency contract terminate without a date? Answer:
ONE YEAR
◉ When to turn in earnest money? Answer: As soon as practically
possible, to the broker. The check must be made out to the broker,
not the agent.
- normally within a business day
◉ What makes a valid deed from the grantors side? Answer: -Must
be in writing,
-name a competent grantor, -name a grantee,
