Aceable Agent Georgia Post-License Exam
Questions and Answers
Question 1
Upon the expiration of a ground lease, ownership of any construction on the land
reverts to the:
lessee
builder
renting commercial tenant
original landowner
Correct Answer
original landowner
Question 2
Select the sales price below that reflects a building with a cap rate of 8% and a net
operating income of $6,400,000.
$51.2M
$800K
$80M
$8M
Correct Answer
$80M
Question 3
Building 1301 has a basement and three levels above ground. What type of building
is it?
low-rise
mid-rise
high-rise
kinda-rise
Correct Answer
low-rise
Page 1 of 91
,Question 4
Which of these loans is typically seen as a higher risk for lenders?
conventional loans
government-backed loans
Correct Answer
conventional loans
Because they are not insured by the government, conventional loans are typically
seen as having a higher risk for lenders.
Question 5
Ashleigh schedules a meeting with other agents where she goes over one of her most
exciting and most recent listings. Her hope is that her colleagues will now go into the
world and find a buyer for this property. This is called:
an office preview
a paid referral
analytics
optimization
Correct Answer
an office preview
If you belong to a pretty big office, you may want to do an office preview of the
property you are listing. Basically, you introduce the house to other agents in your
office, and they get a headstart in trying to find a buyer. This can lead to an in-
house transaction, which, of course, you'll need to disclose to all parties.
Question 6
PUD stands for
planned urban development
planned unit development
planned utility development
planned utilization development
Correct Answer
planned unit development
Page 2 of 91
,Question 7
What is the difference between a percentage fee and a flat fee?
a percentage fee does not vary; a flat fee varies based on a property's income
a percentage fee is determined by the property owner whereas a flat fee is NOT
a percentage fee varies based on a property's income; a flat fee does not vary
a percentage fee is determined by the property manager whereas a flat fee is NOT
Correct Answer
a percentage fee varies based on a property's income; a flat fee does not vary
Question 8
Of the below, what is the best example of staging?
Agent Arnold rehearses the patter he plans to say at an open house
Client Calvin places a carpet over termite damage on a floor
Client Callie rearranges furniture and updates the home's color scheme
construction expert elmer readies a home for demolition
Correct Answer
Client Callie rearranges furniture and updates the home's color scheme
Page 3 of 91
, Question 9
Two days after Carmen applied for a mortgage loan, she received a Loan Estimate
from her lender. Nine days later, she received a revised Loan Estimate with a change
in terms.
Which of the following most likely explains the cause for the change in terms that
prompted the revised Loan Estimate?
Four days after the original Loan Estimate was delivered, Carmen took advantage of a
drop in interest rates and locked in the rate on her loan.
Carmen's job status remained unchanged since the time of her loan application.
Carmen used a credit card to buy a week's worth of groceries.
The appraisal for the home Carmen is buying came in exactly as the bank anticipated
it would when the original Loan Estimate was issued.
Correct Answer
Four days after the original Loan Estimate was delivered, Carmen took advantage of
a drop in interest rates and locked in the rate on her loan.
A revised Loan Estimate will be issued by the lender when important information
affecting the loan changes. Carmen's use of her credit card to buy groceries is
normal and to be expected. Her move to lock in a lower interest rate on her loan
would have a substantial impact on the loan, which would be reflected in the
revised Loan Estimate.
Question 10
Which of the following is an example of space market risk?
The local rental rates in the Watermark neighborhood decrease after three new
apartment buildings are built.
Housing prices decrease after the Federal Reserve chairperson announces an increase
in interest rates.
An investor loses their real estate investment after the mortgage company forecloses
on the property.
Building construction costs increase as tariffs increase on building materials.
Correct Answer
The local rental rates in the Watermark neighborhood decrease after three new
apartment buildings are built.
Page 4 of 91
Questions and Answers
Question 1
Upon the expiration of a ground lease, ownership of any construction on the land
reverts to the:
lessee
builder
renting commercial tenant
original landowner
Correct Answer
original landowner
Question 2
Select the sales price below that reflects a building with a cap rate of 8% and a net
operating income of $6,400,000.
$51.2M
$800K
$80M
$8M
Correct Answer
$80M
Question 3
Building 1301 has a basement and three levels above ground. What type of building
is it?
low-rise
mid-rise
high-rise
kinda-rise
Correct Answer
low-rise
Page 1 of 91
,Question 4
Which of these loans is typically seen as a higher risk for lenders?
conventional loans
government-backed loans
Correct Answer
conventional loans
Because they are not insured by the government, conventional loans are typically
seen as having a higher risk for lenders.
Question 5
Ashleigh schedules a meeting with other agents where she goes over one of her most
exciting and most recent listings. Her hope is that her colleagues will now go into the
world and find a buyer for this property. This is called:
an office preview
a paid referral
analytics
optimization
Correct Answer
an office preview
If you belong to a pretty big office, you may want to do an office preview of the
property you are listing. Basically, you introduce the house to other agents in your
office, and they get a headstart in trying to find a buyer. This can lead to an in-
house transaction, which, of course, you'll need to disclose to all parties.
Question 6
PUD stands for
planned urban development
planned unit development
planned utility development
planned utilization development
Correct Answer
planned unit development
Page 2 of 91
,Question 7
What is the difference between a percentage fee and a flat fee?
a percentage fee does not vary; a flat fee varies based on a property's income
a percentage fee is determined by the property owner whereas a flat fee is NOT
a percentage fee varies based on a property's income; a flat fee does not vary
a percentage fee is determined by the property manager whereas a flat fee is NOT
Correct Answer
a percentage fee varies based on a property's income; a flat fee does not vary
Question 8
Of the below, what is the best example of staging?
Agent Arnold rehearses the patter he plans to say at an open house
Client Calvin places a carpet over termite damage on a floor
Client Callie rearranges furniture and updates the home's color scheme
construction expert elmer readies a home for demolition
Correct Answer
Client Callie rearranges furniture and updates the home's color scheme
Page 3 of 91
, Question 9
Two days after Carmen applied for a mortgage loan, she received a Loan Estimate
from her lender. Nine days later, she received a revised Loan Estimate with a change
in terms.
Which of the following most likely explains the cause for the change in terms that
prompted the revised Loan Estimate?
Four days after the original Loan Estimate was delivered, Carmen took advantage of a
drop in interest rates and locked in the rate on her loan.
Carmen's job status remained unchanged since the time of her loan application.
Carmen used a credit card to buy a week's worth of groceries.
The appraisal for the home Carmen is buying came in exactly as the bank anticipated
it would when the original Loan Estimate was issued.
Correct Answer
Four days after the original Loan Estimate was delivered, Carmen took advantage of
a drop in interest rates and locked in the rate on her loan.
A revised Loan Estimate will be issued by the lender when important information
affecting the loan changes. Carmen's use of her credit card to buy groceries is
normal and to be expected. Her move to lock in a lower interest rate on her loan
would have a substantial impact on the loan, which would be reflected in the
revised Loan Estimate.
Question 10
Which of the following is an example of space market risk?
The local rental rates in the Watermark neighborhood decrease after three new
apartment buildings are built.
Housing prices decrease after the Federal Reserve chairperson announces an increase
in interest rates.
An investor loses their real estate investment after the mortgage company forecloses
on the property.
Building construction costs increase as tariffs increase on building materials.
Correct Answer
The local rental rates in the Watermark neighborhood decrease after three new
apartment buildings are built.
Page 4 of 91
