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Which of the following is an accurate summary of the capital gains tax homestead exemption:
Who establishes zoning ordinances in Georgia?
A broker who has listed a property for sale CANNOT legally
Which of the following is prohibited under the Sherman Act?
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?
What type of contract is it when a minor and adult have entered into a written contract for the sale of a property?
How does earnest money appear on a closing statement?
What makes a bilateral contract different from a unilateral contract?
A seller is requiring that the buyer use a particular title insurance company and the buyer is paying for the title insurance. This is ______
Which of the following would be a violation of license law by a broker?
What is the result of a low loan-to-value ratio?
What is the advantage to a buyer utilizing a buydown?
________ is a type of loan that is calculated based off of public index that fluctuates based on market conditions.
How long may Georgia licensees keep their license on inactive status?
The best way of eliminating a title defect on a property is
What type of depreciation occurs due to forces outside of the property
A broker in Georgia must keep copies of unaccepted offers for how long?
What must be included in a legal description of real estate in Georgia?
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 _____
A purpose of the Lead-Based Paint Disclosure regulation is
How long after the expiration of the listing must a Georgia licensee remove an advertisement from the internet?
In advertising, what is it called when a home’s positive attributes are overemphasized?
Encouraging residents to sell now because of minorities moving to the area is called
How are members of the Georgia Real Estate Commission appointed?
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?
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?
GREC commission members must focus on all of the following areas of responsibility EXCEPT:
Engaging in activities that require a real estate license without a real estate license is ___________ in Georgia.
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?
Which one of the following advertisements is not prohibited under the Fair Housing Act?
In Georgia who can pay the intangible taxes at closing?
What deed provides the MOST protection for a purchaser of real estate?
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:
Which of the following must an associate broker do if offered a position as the qualifying broker for another firm?
In Georgia, how long does a salesperson have to complete the 25 hours postlicense course?
What is wrong with a Georgia Salesperson providing money to unlicensed people in exchange for referals that could result in a sale?
What determines the max commission rate that a broker may charge on the sale of a property he or she has listed is
The loan amount will influence all of the following with the exception of
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?
What happens when a listing agent transfers to a new firm while a property they listed is still active?
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?
What type of housing is permitted for a VA loan?
What clause in a loan provides that when the property is sold, the lender may either declare the entire debt due immediately?
Which of the following can BEST describe an objective of the Sherman Act?
How long after being originally licensed does a salsesperson license lapse?
Which of these is typically true about judgment liens?
Which of the following most frequently provides the funding for a purchase money mortgage?
Which of the following loans would result in the lowest LTV ratio.
In what situation would the Georgia Real Estate License Laws apply to someone?
What is the most accurate way in estimating the value of a 6-unit apartment complex?
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?
Which of the following is a home warranty most likely to cover?
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?
According to license law, which of the following is permitted by a broker?
What would a mortgage lender rely on when deciding how much to lend on a parcel of real estate?
What are the consequences of a short sale for the seller
Which of the following would not be allowed as like kind 1031 exchange?
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?
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?