GA REAL ESTATE EXAM PREP / HARD LATEST UPDATED 2023

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GA REAL ESTATE EXAM PREP / HARD LATEST UPDATED 2023 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, recre [Show More]

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