WITH ALL THE CORRECT ANSWERS
How often must you take continuing education?
Every 4 years.
In Georgia, which of the following is NOT a cost or expense of owning a home?
Taxes on personal property.
A Broker's, license fee costs how much?
$170
All of the following, exist in Georgia EXCEPT. Ad valorem Taxation, Special
Assessments, Statutory Right of Redemption, Equitable Right of Redemption
Statutory Right of Redemption
Which of the following statements about a Management Agreement is FALSE?
It is FALSE that: it requires the Property Manager to work diligently to maximize the
Licensee's rate of return.
An item of Functional Obsolescence is considered incurable if the:
cost to repair is more than the value it ads.
What is TRUE about an Associate Broker in Georgia?
Both A&B: A. An Associate Broker may perform any real estate brokerage act that
requires a license. B. An Associate Broker acts on behalf of a Broker.
The squared or rectangles used in Georgia legal description are:
Land Lots and Districts.
Does Georgia allow Joint Tenancy or Tenancy by the Entirety?
Georgia allows Joint Tenancy.
How many hours of continuing education are required to renew a 4 year real
estate Salespersons, license?
24
What is Homestead Protection?
The status provided to a homeowner's principal residence that protects the home
against judgement, up to a specified amount.
Which of the following is NOT, a Covenant of Warranty in a Georgia General
Warranty Deed?
NOT a Covenant of, Further Assurance.
To keep a Georgia Sales Associate License, an individual must do all of the
following EXCEPT:
EXCEPT Take at least ten quarter hours or six semester hours of college courses in
real estate.
Based on the ability to accept assignments, which appraiser has the most
latitude?
Certified General
The real estate records in Georgia are maintained by the:
Clerk of Superior Court
To be recorded in Georgia, the deed must be witnessed by:
one official witness and one unofficial witness.
, A buyer signs a contract to purchase a commercial building in Savannah. The
contract is silent as to who bears the risk of loss proper to closing. After the
contract is signed, but before the closing, the building burns to the
ground.According to Georgia law the.
BUYER must bear the risk of loss or damage before the closing.
In Georgia, the Landlord's eviction of a tenant is generally known as:
a DISPOSSESSION.
Real property legal descriptions in Georgia can be based on all of the
following EXCEPT: Land Lots, Township, Georgia Militia Districts, Districts.
EXCEPT, Township.
Under Georgia law, to claim adverse possession, the claim Must be:
Must be, Accompanied by a Claim of Right and Free of Fraud.
The relationship between Broker and Seller is generally what type of agency?
Special.
Which State Agency is responsible for the implementation of the Georgia Lead
Paint Prevention Act of 1994?
Georgia Department of Natural resources.
In Georgia, the legal document that pledges the property as collateral for
repayment of the loan is the:
Security Deed.
A community that merges, housing, recreation and commercial units into one self
contained development is called a :
pud.
The period of time in Georgia in which Adverse Possession ripens is:
Seven (7) years under Color of Title.
Is Georgia a Community Property State?
No
Does Georgia have Dower Laws?
No
In Georgia, Broker Duties owed to a client:
Are determined by BRRETA or Brokerage Relationships in Real Estate
Transaction's act
Georgia uses which of the following theories of mortgage (security deed)?
Intermediate Theory.
An auctioneer who auctions real estate MUST have.
BOTH a Real Estate Sales Person's or Broker's license and an Auctioneer's license.
A man has been a Georgia licensed Sales Person for four years. When his license
is renewed, he must furnish the commission evidence of completing approved
continuing education courses totaling at least how many hours for each year of
the renewal period?
6 hours per year or 24 hours total for four years
Under the Georgia Condominium Act, which of the following must be in the
Condominium Declaration?
Both the name of the condominium, which must contain the word "condominium".