Ga Real Estate Exam - Real Estate Practice Test 2023 with
complete solution
Personal property that, by its attachment to real property, is regarded as real
estate is called:
A. an emblements
B. personalty
C. a fixture
D. an appliance
C. a fixture
What is the main purpose of police power?
A. to protect the health, safety, and welfare of the community
B. to prevent people from committing crimes
C. to put out fires
D. to make sure the property owners and citizens know their place
A. to protect the health, safety, and welfare of the community
If a person has complete control over their property, and the ownership in the
property is not defeasible, what interest does the person have in the property?
A. fee conditional estate
B. fee simple estate
C. live estate
D. defeasible fee estate
B. fee simple estate
Which of the following is the difference between the value of a property and the
total amount of liens against the property?
A. investment
B. basis
C. down payment
D. equity
D. equity
A metes-and-bounds legal description:
A. can be created for areas excluded from the rectangular survey system
B. is not acceptable in a court in most jurisdictions
C. must commence and finish at the same identifiable point
D. is used only in extreme cases where there is no recorded subdivision plats
C. must commence and finish at the same identifiable point
Your neighbors use a portion of your property to reach their guest apartment,
which is on their property. As far as you can tell, you never gave them permission
to use your property, and you discuss with your attorney the possibility of
preventing the neighbors from using your property. Your attorney explains that
complete solution
Personal property that, by its attachment to real property, is regarded as real
estate is called:
A. an emblements
B. personalty
C. a fixture
D. an appliance
C. a fixture
What is the main purpose of police power?
A. to protect the health, safety, and welfare of the community
B. to prevent people from committing crimes
C. to put out fires
D. to make sure the property owners and citizens know their place
A. to protect the health, safety, and welfare of the community
If a person has complete control over their property, and the ownership in the
property is not defeasible, what interest does the person have in the property?
A. fee conditional estate
B. fee simple estate
C. live estate
D. defeasible fee estate
B. fee simple estate
Which of the following is the difference between the value of a property and the
total amount of liens against the property?
A. investment
B. basis
C. down payment
D. equity
D. equity
A metes-and-bounds legal description:
A. can be created for areas excluded from the rectangular survey system
B. is not acceptable in a court in most jurisdictions
C. must commence and finish at the same identifiable point
D. is used only in extreme cases where there is no recorded subdivision plats
C. must commence and finish at the same identifiable point
Your neighbors use a portion of your property to reach their guest apartment,
which is on their property. As far as you can tell, you never gave them permission
to use your property, and you discuss with your attorney the possibility of
preventing the neighbors from using your property. Your attorney explains that
