©SIRJOEL EXAM SOLUTIONS
11/3/2024 10:54 PM
GA RE Metro broker Exam Questions With
100% Verified Answers
How does a broker prove they are not culpable if an agent makes a mistake? - answer✔1.
Reasonable supervision was available to agent
2. Broker had nothing to do with the infraction
3. The broker did not ratify the infraction (Did not see it happen without telling them to stop)
What are Trade fixtures and how can they be removed? - answer✔Trade fixture - item of
personal property attached to land or building leased by a tenant who uses the item in a trade or
business
- Can be removed before lease ends by tenant and damages cause by removal must be repaired. If
not removed by lease date become landlords by accession.
Requirements for salespersons license - answer✔- 18 years old
- Resident of GA unless qualifying under nonresident status
- HS diploma or equivalent
- 75 hour approved course
, ©SIRJOEL EXAM SOLUTIONS
11/3/2024 10:54 PM
- good moral character
- pass state exam
Requirements for Broker license - answer✔- 21 years old
- Resident of GA or qualifying under nonresident
- HS diploma or equivalent
- Have held active license at least 3 of 5 past years
- 60 hour approved course or equivalent
- good moral character
- pass state exam
Attachment lien - answer✔Grants court custody of property while a law suit is proceeding.
- stops someone from getting house out of name
If a person buys a house and a deed is not recorded, who is the rightful buyer? - answer✔The
buyer, so long as some form of constructive notice has been given (moving in, cultivating the
land) and no subsequent recordations of title were made prior to notice
How is an appraisal charged? - answer✔The fee charged can never be based on the estimate of
value
, ©SIRJOEL EXAM SOLUTIONS
11/3/2024 10:54 PM
replacement (cost approach) - answer✔The cost of replacement of buildings, at today's prices
and using today's construction materials, with a SIMILAR or COMPARABLE structure, to serve
the same purpose. (not the same as REPRODUCTION)
Insurance proration - answer✔- paid in advance
- credited to the seller from day after closing until day Before next premium is due
Formula - Annual premium/365 = Daily rate.
Daily rate x number of days
universal agent - answer✔Authorized to perform any act the principal could perform, has
authority w out limitations
General agent - answer✔Authorized to bind their Principal in the ongoing conduct of a particular
business,
Special agent (limited) - answer✔Appointed for a specific purpose or to act on a particular
occasion (listing agent)
Actual agency - answer✔Parties have entered into an agreement
Ostensible agency - answer✔third party relies on the principal's expressed or implied
representation w/o agreement
11/3/2024 10:54 PM
GA RE Metro broker Exam Questions With
100% Verified Answers
How does a broker prove they are not culpable if an agent makes a mistake? - answer✔1.
Reasonable supervision was available to agent
2. Broker had nothing to do with the infraction
3. The broker did not ratify the infraction (Did not see it happen without telling them to stop)
What are Trade fixtures and how can they be removed? - answer✔Trade fixture - item of
personal property attached to land or building leased by a tenant who uses the item in a trade or
business
- Can be removed before lease ends by tenant and damages cause by removal must be repaired. If
not removed by lease date become landlords by accession.
Requirements for salespersons license - answer✔- 18 years old
- Resident of GA unless qualifying under nonresident status
- HS diploma or equivalent
- 75 hour approved course
, ©SIRJOEL EXAM SOLUTIONS
11/3/2024 10:54 PM
- good moral character
- pass state exam
Requirements for Broker license - answer✔- 21 years old
- Resident of GA or qualifying under nonresident
- HS diploma or equivalent
- Have held active license at least 3 of 5 past years
- 60 hour approved course or equivalent
- good moral character
- pass state exam
Attachment lien - answer✔Grants court custody of property while a law suit is proceeding.
- stops someone from getting house out of name
If a person buys a house and a deed is not recorded, who is the rightful buyer? - answer✔The
buyer, so long as some form of constructive notice has been given (moving in, cultivating the
land) and no subsequent recordations of title were made prior to notice
How is an appraisal charged? - answer✔The fee charged can never be based on the estimate of
value
, ©SIRJOEL EXAM SOLUTIONS
11/3/2024 10:54 PM
replacement (cost approach) - answer✔The cost of replacement of buildings, at today's prices
and using today's construction materials, with a SIMILAR or COMPARABLE structure, to serve
the same purpose. (not the same as REPRODUCTION)
Insurance proration - answer✔- paid in advance
- credited to the seller from day after closing until day Before next premium is due
Formula - Annual premium/365 = Daily rate.
Daily rate x number of days
universal agent - answer✔Authorized to perform any act the principal could perform, has
authority w out limitations
General agent - answer✔Authorized to bind their Principal in the ongoing conduct of a particular
business,
Special agent (limited) - answer✔Appointed for a specific purpose or to act on a particular
occasion (listing agent)
Actual agency - answer✔Parties have entered into an agreement
Ostensible agency - answer✔third party relies on the principal's expressed or implied
representation w/o agreement
