(Latest Update 2023-2024) (102 Questions)
How often *must* you take continuing education? - correct answers
✅*Every 4 years*.
In Georgia, which of the following is *NOT* a cost or expense of owning
a home? - correct answers ✅Taxes on *personal property*.
A *Broker's*, license fee costs how much? - correct answers ✅*$170*
All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation,
Special Assessments, Statutory Right of Redemption, Equitable Right of
Redemption - correct answers ✅*Statutory Right of Redemption*
Which of the following statements about a *Management Agreement*
is *FALSE*? - correct answers ✅*It is FALSE that*: it requires the
Property Manager to work diligently to maximize the Licensee's rate of
return.
,GA REAL ESTATE EXAM PREP Questions and Answers
(Latest Update 2023-2024) (102 Questions)
An item of *Functional Obsolescence* is considered *incurable* if the: -
correct answers ✅cost to repair is more than the value it ads.
What is *TRUE* about an *Associate Broker* in Georgia? - correct
answers ✅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: -
correct answers ✅*Land Lots* and *Districts*.
Does Georgia allow *Joint Tenancy* or *Tenancy by the Entirety*? -
correct answers ✅Georgia allows *Joint Tenancy.*
How many hours of continuing education are required to renew a 4 year
real estate *Salespersons*, license? - correct answers ✅24
, GA REAL ESTATE EXAM PREP Questions and Answers
(Latest Update 2023-2024) (102 Questions)
What is *Homestead Protection*? - correct answers ✅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*? - correct answers ✅*NOT* a
Covenant of, *Further Assurance*.
To keep a Georgia Sales Associate License, an individual must do all of
the following *EXCEPT*: - correct answers ✅*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*? - correct answers ✅*Certified General*
The real estate records in Georgia are maintained by the: - correct
answers ✅*Clerk of Superior Court*