Barney Fletcher Exam – Questions With Verified
Solutions
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Terms in this set (416)
An installment contract has been Legal Title
signed by all necessary parties. The
type of title held by the seller is
known as:
Which of the following deeds transfers None of these
the most title?
For a contract to be valid and A legal objective
enforceable, it must contain what
essential element(s)
A licensee obtained a listing and the Report the situation to their Broker and let the Broker
property was sold within the terms of resolve the matter
the contract. Seller Bill refused to pay
the earned commission. What must
the licensee do to collect the
commission
Bob paid Bill $1,000 for a 6 month Yes, any new buyer would have to honor the terms of
option. Three months later, Bill listed the contract
the property for sale with broker
Jones. Can Bill sell the property to a
third party during the term option?
Which of the following best describes A leasehold estate
one or more persons relight to use
property to the exclusion of all
others?
,Which lien would be paid first if 4 month special assessment lien
foreclosure occurred?
Bill bought Bob's house in Georgia $100,000
with a down payment of $10,000. Bill's
tax bill will be $2,000/ye. With a tax
rate of 50 mills. What did Bill pay for
the property?
Bill had made a valid Will and then Testator
passed away. Bill is the
The one named by the probate court Administrator
to carry out the court order when one
dies intestate is the
The one named by the testator to Executor
carry out his/her wishes is the
Joan died without a valid Will. Joan Intestate
died
Which feed best describes the type of Executors deed
deed used to transfer property to
those named in the Will
In Georgia, how many witnesses must 2
be used for a formal Will
The transfer of real property rights Devise
through a Will is
The transfer of personal property Legacy
through a Will is
Leasehold estates are considered to Personal property rights
be
,Leasehold estates in Georgia are Real property rights
considered to be
Leasehold estates are considered to Less than a freehold estate because the lessee is
be renting
When the tenant pts the rent, property Net lease
taxes, and the insurance this is
referred to as a
A lease where the payments go up Graduated lease
according to the lease agreement is
called
What leasehold estate provides that Periodic tenancy
notice must be given (60/30) days or
more if noted in the lease agreement
The landlord has a tenant with no Seek actual eviction
lease agreement. The tenant refuses to
leave. What must the landlord do
Bill has a lease with Jane that states if Sublet the unit
Bill leases to someone else he will be
totally liable to Jane. If Bill rents the
unit to Bob, Bill has
Which of the following is not a reason Death of the landlord
to terminate most leases
The lessor has not paid the gas bill The landlord wins
and the tenant is cold and wants out
of the lease. The tenant does not
leave but refuses to pay the rent. He
then sues the landlord. What best
describes the situation
, A tenant had a one year lease which A tenancy at will
expired. The tenant stayed in the
home past the expiration and continue
to pay the rent which the landlord
accepted. This type of lease would be
called
All licensees that have an interest in Hold security deposits in a trust account
rental properties may
Which of the following is not found in The property manager conducting an appraisal on
a property management agreement the property once a year
A thousand dollar earnest money is It is earned only if the option is exercised
deposited with a 30 day option to buy.
Which is correct concerning the
agents commission
The trust money has been deposited It is beyond the control of the buyer or the seller
into a trust account. Which is true
about the earnest money
A buyer gave a seller an offer that All of the above
called for acceptance within 24 hours.
How could this offer be terminated
In a real estate purchase and sale Earnest money
agreement the money that is held as
prearranged liquidated damages is
best known as
A buyer sent an offer with a $5000 The seller communicates a counter offer
earnest money check. The next day he
accepts $100 from the seller to make
the offer irrevocable. How can the
buyer get his earnest money back
Solutions
Save Groups
Terms in this set (416)
An installment contract has been Legal Title
signed by all necessary parties. The
type of title held by the seller is
known as:
Which of the following deeds transfers None of these
the most title?
For a contract to be valid and A legal objective
enforceable, it must contain what
essential element(s)
A licensee obtained a listing and the Report the situation to their Broker and let the Broker
property was sold within the terms of resolve the matter
the contract. Seller Bill refused to pay
the earned commission. What must
the licensee do to collect the
commission
Bob paid Bill $1,000 for a 6 month Yes, any new buyer would have to honor the terms of
option. Three months later, Bill listed the contract
the property for sale with broker
Jones. Can Bill sell the property to a
third party during the term option?
Which of the following best describes A leasehold estate
one or more persons relight to use
property to the exclusion of all
others?
,Which lien would be paid first if 4 month special assessment lien
foreclosure occurred?
Bill bought Bob's house in Georgia $100,000
with a down payment of $10,000. Bill's
tax bill will be $2,000/ye. With a tax
rate of 50 mills. What did Bill pay for
the property?
Bill had made a valid Will and then Testator
passed away. Bill is the
The one named by the probate court Administrator
to carry out the court order when one
dies intestate is the
The one named by the testator to Executor
carry out his/her wishes is the
Joan died without a valid Will. Joan Intestate
died
Which feed best describes the type of Executors deed
deed used to transfer property to
those named in the Will
In Georgia, how many witnesses must 2
be used for a formal Will
The transfer of real property rights Devise
through a Will is
The transfer of personal property Legacy
through a Will is
Leasehold estates are considered to Personal property rights
be
,Leasehold estates in Georgia are Real property rights
considered to be
Leasehold estates are considered to Less than a freehold estate because the lessee is
be renting
When the tenant pts the rent, property Net lease
taxes, and the insurance this is
referred to as a
A lease where the payments go up Graduated lease
according to the lease agreement is
called
What leasehold estate provides that Periodic tenancy
notice must be given (60/30) days or
more if noted in the lease agreement
The landlord has a tenant with no Seek actual eviction
lease agreement. The tenant refuses to
leave. What must the landlord do
Bill has a lease with Jane that states if Sublet the unit
Bill leases to someone else he will be
totally liable to Jane. If Bill rents the
unit to Bob, Bill has
Which of the following is not a reason Death of the landlord
to terminate most leases
The lessor has not paid the gas bill The landlord wins
and the tenant is cold and wants out
of the lease. The tenant does not
leave but refuses to pay the rent. He
then sues the landlord. What best
describes the situation
, A tenant had a one year lease which A tenancy at will
expired. The tenant stayed in the
home past the expiration and continue
to pay the rent which the landlord
accepted. This type of lease would be
called
All licensees that have an interest in Hold security deposits in a trust account
rental properties may
Which of the following is not found in The property manager conducting an appraisal on
a property management agreement the property once a year
A thousand dollar earnest money is It is earned only if the option is exercised
deposited with a 30 day option to buy.
Which is correct concerning the
agents commission
The trust money has been deposited It is beyond the control of the buyer or the seller
into a trust account. Which is true
about the earnest money
A buyer gave a seller an offer that All of the above
called for acceptance within 24 hours.
How could this offer be terminated
In a real estate purchase and sale Earnest money
agreement the money that is held as
prearranged liquidated damages is
best known as
A buyer sent an offer with a $5000 The seller communicates a counter offer
earnest money check. The next day he
accepts $100 from the seller to make
the offer irrevocable. How can the
buyer get his earnest money back
