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Once you click on the Start Quiz, your final exam will begin and this will count as one of your two exams. If you pass the first final exam, you will have completed the course and you will need to fill out a form in order for you to schedule your state exam. If you fail the first final exam, you must wait 24 hours to take the second of the final exams. If you pass the second final exam then you will have completed the course and you will need to fill out a form in order for you to schedule your state exam. If you fail the second final exam, you will have failed the course and will need to enroll in a different real estate school’s pre-license course since we currently only have the two final exams.
You will have 3 hours to complete the Final Exam. Your exam will be automatically scored after 3 hours. It is important that you do not start this exam unless your proctor is present and has filled out the previous form. 80% is required for a passing score.
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Unfortunately, you did not achieve a passing score of at least 80%. You must wait 24 hours to take the 2nd final exam. You only have two attempts at the final exam so if you do not pass the second final exam, you will not pass the course. If you do not pass the final exam in two attempts, real estate license law requires that you retake the entire course again before you are allowed to take the final exam again. We currently only offer two final exams though, so if you would still like to obtain your real estate license, you would need to take a pre-license course from a different real estate school if you do not pass the second attempt.
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Congrats, You passed the Blue Apple Real Estate School Pre-Licensing Course!! Follow up with your instructor for information about your next step. You may also click the link below for additional practice.
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- 150
- Current
- Review
- Answered
- Correct
- Incorrect
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Question 1 of 150
1. Question
Which of the following is an accurate summary of the capital gains tax homestead exemption:
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Question 2 of 150
2. Question
Who establishes zoning ordinances in Georgia?
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Question 3 of 150
3. Question
A broker who has listed a property for sale CANNOT legally
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Question 4 of 150
4. Question
Which of the following is prohibited under the Sherman Act?
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Question 5 of 150
5. Question
A licensee takes a listing of a family friend even though the property is 2 hours away. If the licenseee does not market the property, what has the agent violated?
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Question 6 of 150
6. Question
What type of contract is it when a minor and adult have entered into a written contract for the sale of a property?
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Question 7 of 150
7. Question
How does earnest money appear on a closing statement?
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Question 8 of 150
8. Question
What makes a bilateral contract different from a unilateral contract?
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Question 9 of 150
9. Question
A seller is requiring that the buyer use a particular title insurance company and the buyer is paying for the title insurance. This is ______
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Question 10 of 150
10. Question
Which of the following would be a violation of license law by a broker?
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Question 11 of 150
11. Question
What is the result of a low loan-to-value ratio?
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Question 12 of 150
12. Question
What is the advantage to a buyer utilizing a buydown?
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Question 13 of 150
13. Question
________ is a type of loan that is calculated based off of public index that fluctuates based on market conditions.
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Question 14 of 150
14. Question
How long may Georgia licensees keep their license on inactive status?
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Question 15 of 150
15. Question
The best way of eliminating a title defect on a property is
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Question 16 of 150
16. Question
What type of depreciation occurs due to forces outside of the property
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Question 17 of 150
17. Question
A broker in Georgia must keep copies of unaccepted offers for how long?
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Question 18 of 150
18. Question
What must be included in a legal description of real estate in Georgia?
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Question 19 of 150
19. Question
A broker advertises a property for rent only in a Japanese website. The advertisement contains the fair housing logo and no discriminatory language. This is _____
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Question 20 of 150
20. Question
A purpose of the Lead-Based Paint Disclosure regulation is
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Question 21 of 150
21. Question
How long after the expiration of the listing must a Georgia licensee remove an advertisement from the internet?
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Question 22 of 150
22. Question
In advertising, what is it called when a home’s positive attributes are overemphasized?
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Question 23 of 150
23. Question
Encouraging residents to sell now because of minorities moving to the area is called
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Question 24 of 150
24. Question
How are members of the Georgia Real Estate Commission appointed?
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Question 25 of 150
25. Question
Vincent’s license is revoked by the Georgia Real Estate Commission, how long will Vincent have to wait to reapply for a new real estate license?
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Question 26 of 150
26. Question
Martha bought a house in Georgia in 2007 and by 2009 she no longer could afford the mortgage payments and ultimately defaulted on her loan. Her house has been put up for foreclosure. What was she able to do to recover her property?
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Question 27 of 150
27. Question
GREC commission members must focus on all of the following areas of responsibility EXCEPT:
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Question 28 of 150
28. Question
Engaging in activities that require a real estate license without a real estate license is ___________ in Georgia.
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Question 29 of 150
29. Question
When working with an African American client, Nancy makes an effort to show them homes in primarily African American communities. What is this an example of?
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Question 30 of 150
30. Question
Which one of the following advertisements is not prohibited under the Fair Housing Act?
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Question 31 of 150
31. Question
In Georgia who can pay the intangible taxes at closing?
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Question 32 of 150
32. Question
What deed provides the MOST protection for a purchaser of real estate?
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Question 33 of 150
33. Question
When Henry’s father passed away 20 years ago, he had him cremated and planted a tree on his property from his remains. The tree is an example of:
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Question 34 of 150
34. Question
Which of the following must an associate broker do if offered a position as the qualifying broker for another firm?
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Question 35 of 150
35. Question
In Georgia, how long does a salesperson have to complete the 25 hours postlicense course?
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Question 36 of 150
36. Question
What is wrong with a Georgia Salesperson providing money to unlicensed people in exchange for referals that could result in a sale?
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Question 37 of 150
37. Question
What determines the max commission rate that a broker may charge on the sale of a property he or she has listed is
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Question 38 of 150
38. Question
The loan amount will influence all of the following with the exception of
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Question 39 of 150
39. Question
A piece of property is owned by two people together. If one of the owner dies and the property automatically transfers to the other owner, how is title held?
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Question 40 of 150
40. Question
What happens when a listing agent transfers to a new firm while a property they listed is still active?
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Question 41 of 150
41. Question
A seller sends a counteroffer to a buyer, and then the seller obtains an offer for a higher price from another buyer and wants to accept it. What can the seller do to accept the second offer?
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Question 42 of 150
42. Question
What type of housing is permitted for a VA loan?
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Question 43 of 150
43. Question
What clause in a loan provides that when the property is sold, the lender may either declare the entire debt due immediately?
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Question 44 of 150
44. Question
Which of the following can BEST describe an objective of the Sherman Act?
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Question 45 of 150
45. Question
How long after being originally licensed does a salsesperson license lapse?
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Question 46 of 150
46. Question
Which of these is typically true about judgment liens?
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Question 47 of 150
47. Question
Which of the following most frequently provides the funding for a purchase money mortgage?
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Question 48 of 150
48. Question
Which of the following loans would result in the lowest LTV ratio.
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Question 49 of 150
49. Question
In what situation would the Georgia Real Estate License Laws apply to someone?
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Question 50 of 150
50. Question
What is the most accurate way in estimating the value of a 6-unit apartment complex?
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Question 51 of 150
51. Question
A buyer signs an offer and their agent emails it to the seller. The seller signs it and gives it to their friend to give to the buyer but the friend never delivers the contract to the buyer. Which of the following statements about this example is true?
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Question 52 of 150
52. Question
Which of the following is a home warranty most likely to cover?
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Question 53 of 150
53. Question
A construction company agrees to lease an empty lot from a local business for 6 months and parks it’s equipment in the lot. After 6 months the lease is not renewed but the construction company continues to make rental payments and the lessor continues to accept the rent. According to Georgia law what must now be done to evict the construction company?
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Question 54 of 150
54. Question
According to license law, which of the following is permitted by a broker?
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Question 55 of 150
55. Question
What would a mortgage lender rely on when deciding how much to lend on a parcel of real estate?
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Question 56 of 150
56. Question
Which of the following are true of a short sale for the seller
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Question 57 of 150
57. Question
Which of the following would not be allowed as like kind 1031 exchange?
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Question 58 of 150
58. Question
A house is appraised at $275,000. After a bidding war the house sells for $295,000 and the buyer pays 15% as well as 3 discounts points. How much will the buyer owe for points?
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Question 59 of 150
59. Question
Assuming a .65 LTV ratio, a buyer purchases a home for $675,000 and the lender charges an origination fee of 3.5%. How much is the origination fee?
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Question 60 of 150
60. Question
A firm is any business entity including which of the following?
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Question 61 of 150
61. Question
Which of these professions are able to buy, sell or lease real property on behalf of others for a commission?
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Question 62 of 150
62. Question
What are real estate related financial transactions?
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Question 63 of 150
63. Question
Which is the correct definition of residential property ?
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Question 64 of 150
64. Question
Which of the following are characteristics of physical land?
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Question 65 of 150
65. Question
Which of the following are known as an economic characteristic(s)?
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Question 66 of 150
66. Question
Land, minerals beneath the earth’s surface, water on/below the earth’s surface and air above the surface all describe what
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Question 67 of 150
67. Question
Which of the following is not considered an improvement to a property?
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Question 68 of 150
68. Question
Lenders generally look at a loan applicant’s percentage of
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Question 69 of 150
69. Question
A consumer can receive a free credit score
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Question 70 of 150
70. Question
FICO stands for?
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Question 71 of 150
71. Question
What is a fiduciary?
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Question 72 of 150
72. Question
In a relationship between a broker and seller, what type of agency is being utilized?
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Question 73 of 150
73. Question
Of the following statements, which is true?
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Question 74 of 150
74. Question
Why should a licensee double check what they send in emails/texts?
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Question 75 of 150
75. Question
When posting online, you should never what?
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Question 76 of 150
76. Question
What is a cease-and-desist order?
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Question 77 of 150
77. Question
What are two common brokerage engagements?
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Question 78 of 150
78. Question
A Multiple Listing Service (MLS) is:
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Question 79 of 150
79. Question
Which statement is false; when posting a listing, your listing should:
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Question 80 of 150
80. Question
Which statement is true: Photos for a listing should…
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Question 81 of 150
81. Question
What is an example of a general lien?
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Question 82 of 150
82. Question
A lien is a(n) ____
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Question 83 of 150
83. Question
A vendor’s lien protects the ____
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Question 84 of 150
84. Question
What type of lien is created by the property owner?
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Question 85 of 150
85. Question
Which is not needed to create joint tenancy
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Question 86 of 150
86. Question
Joint tenancy can create which intentional acts
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Question 87 of 150
87. Question
Define severalty ownership
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Question 88 of 150
88. Question
Which of the following does not qualify as concurrent ownership?
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Question 89 of 150
89. Question
The approval process for development of multiple properties in an area includes submission of
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Question 90 of 150
90. Question
Which of the following is an element involved in the legal description of a property
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Question 91 of 150
91. Question
How is a property measured using the metes and bounds system?
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Question 92 of 150
92. Question
Which of the following is used in the Rectangular Survey System?
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Question 93 of 150
93. Question
An ad valorem tax is _____
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Question 94 of 150
94. Question
A homestead exemption is
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Question 95 of 150
95. Question
Tax abatement refers to
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Question 96 of 150
96. Question
Which is not a bases for appeal?
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Question 97 of 150
97. Question
A buyer submits an offer with some conditions for the seller. If the seller disagrees with terms of the provisions and returns the document with the original offer, what is the seller doing?
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Question 98 of 150
98. Question
When would a real estate sales contract not be considered an executory contract anymore?
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Question 99 of 150
99. Question
What must a contract have for the conveyance of real estate to be enforceable?
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Question 100 of 150
100. Question
The owner of a real property has an intestate death and leaves no legal heir to the property, how will they handle the property?
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Question 101 of 150
101. Question
When do deed restrictions enforce an owner to specify?
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Question 102 of 150
102. Question
The owner of a property want to control the future use of the property, what is the best way to implement this?
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Question 103 of 150
103. Question
Which is an example of a way voluntary transfer can occur?
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Question 104 of 150
104. Question
What is a cloud on title?
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Question 105 of 150
105. Question
A seller must show that the title is free of what to show marketable title
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Question 106 of 150
106. Question
___ means that someone died after preparing a proper will that outlines how their personal and real property is to be taken care of.
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Question 107 of 150
107. Question
Which of the following does not describe an estoppel?
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Question 108 of 150
108. Question
The two parts of a loan are?
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Question 109 of 150
109. Question
Prepayment penalty is defined as
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Question 110 of 150
110. Question
Legal process in which property that is pledged as security for a debt is sold to satisfy the debt is known as?
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Question 111 of 150
111. Question
Loans are called non-conforming only
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Question 112 of 150
112. Question
Under the Federal Housing Administration (FHA) – insured, what percentage is needed for a down payment and what is the minimum credit score required?
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Question 113 of 150
113. Question
A straight term loan is defined as
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Question 114 of 150
114. Question
Under which financing mortgage payment is composed of the principal, interest, taxes and insurance.
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Question 115 of 150
115. Question
Legal process in which property that is pledged as security for a debt is sold to satisfy the debt is known as?
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Question 116 of 150
116. Question
Select one of the following eligibility requirements for a community association manager in Georgia?
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Question 117 of 150
117. Question
Which of the following would you have earned after completing the Georgia Real Estate Commission and Appraiser Board?
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Question 118 of 150
118. Question
Which of the following is NOT an essential difference between property management and community association management?
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Question 119 of 150
119. Question
Please select one of the following for the part exempt from fidelity bond and fidelity insurance coverage.
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Question 120 of 150
120. Question
When the market for an item has achieved market equilibrium, which of the following statements is true
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Question 121 of 150
121. Question
How is real estate distinguished as an economic product?
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Question 122 of 150
122. Question
If Wonderful World, a company that markets music worldwide moves to Atlanta and hires 200 employees. What will happen in that city?
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Question 123 of 150
123. Question
Which answer best describes absorption?
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Question 124 of 150
124. Question
Which statement best describes master planning zoning?
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Question 125 of 150
125. Question
Why are zoning ordiances needed?
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Question 126 of 150
126. Question
Are different types of zones needed?
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Question 127 of 150
127. Question
What is the difference between a regular zoning exception and a special exception?
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Question 128 of 150
128. Question
Laws that extended housing discrimination protection to families with children and persons with disabilities include?
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Question 129 of 150
129. Question
_____ establishes and sets the rules and regulations, that further interpret the fair housing practices in respect to the law.
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Question 130 of 150
130. Question
Under the Fair Housing Act, it prohibits discrimination on the basis of
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Question 131 of 150
131. Question
Which of the following are exempt from the Federal Fair Housing Act?
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Question 132 of 150
132. Question
Asbestos is commonly used as a(n)______
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Question 133 of 150
133. Question
______ contaminate water supplies.
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Question 134 of 150
134. Question
______was passed to regulate national air pollution levels, which provided funding for research to reduce pollution.
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Question 135 of 150
135. Question
The _____ is responsible for disclosing lead paint in a property.
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Question 136 of 150
136. Question
The conditions of an escrow agreement cannot be met and the related transaction cannot be completed. In such a case, the escrow agent
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Question 137 of 150
137. Question
To avoid violating the Real Estate Settlement Procedures Act, parties who are providing services to the buyer or seller in a transaction must
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Question 138 of 150
138. Question
A certain item is to be prorated between a buyer and seller. If no outside party is concerned, which of the following statements is true?
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Question 139 of 150
139. Question
An item is said to be paid in arrears if it is normally paid
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Question 140 of 150
140. Question
Passing the Real Estate Exam means that you scored at least a _ on the exam?
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Question 141 of 150
141. Question
In Real Estate, what term is associated with the permanent loss of the real estate license?
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Question 142 of 150
142. Question
If a real estate license is temporarily taken away it is called what _?
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Question 143 of 150
143. Question
What is the minimum amount of time you must work underneath a broker after you receive a license
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Question 144 of 150
144. Question
32% to a decimal is
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Question 145 of 150
145. Question
Which of these professions are able to buy, sell or lease real property on behalf of others for a commission?
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Question 146 of 150
146. Question
32% of $62,000?
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Question 147 of 150
147. Question
1 square foot in square inches?
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Question 148 of 150
148. Question
Reynolds is acting as a buyer broker for his sister, Marie, who is looking for a house. Since he has a written contract authorizing him to consider her as a client, he is authorized to do all of the following EXCEPT:
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Question 149 of 150
149. Question
Alice has listed a property for an out-of-town investor. Her advertising is producing calls, but a hostile tenant is denying her access for showings. When told of this, the seller replies, “That’s your problem.” Which is true?
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Question 150 of 150
150. Question
A statement that exaggerates which a sound person would recognize as untrue is a: