Georgia Real Estate Exam Study Guide with Complete Solutions(SCORED A+)

Accession - ANSWER-The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre - ANSWER-A measure of land area equal to 43560 square feet. 43560 - ANSWER-The number of squarefeet in one acre. Active License - ANSWER-Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license is held by a broker, rather than by the Commission. Air Lot - ANSWER-A designated air space over a parcel of land. In condominiums, each individual unit occupies a separate one. Air Rights - ANSWER-The right to use and enjoy the air space above a parcel of land. Such rights may be leased or sold separately from the land. Appurtenance - ANSWER-Anything that may be used with the land for its benefit and goes to the new owner when ownership of the land is transferred. Mineral rights, air rights, water rights, easements, improvements, and natural attachments are examples. Artificial Monuments - ANSWER-Man-made objects such as streets, fences, iron pins, concrete posts, etc. Associate Broker - ANSWER-A person who has met all qualifications to be licensed as a brok