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Question 1 of 100

1. Question
In Georgia, what is the minimum age for an individual to enter in a legal contract for the sale of real estate?
- 17
- 18
- 21
- 16
Correct

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Question 2 of 100

2. Question
Which of the following is the BEST source of information for determining the cost factor in the replacement cost method?
- a cost estimate handbook printed at the time the house was built
- an experienced, reputable builder who built similar houses when this house was built
- a current cost estimate handbook
- an experienced, local, reputable builder who is currently building similar houses
Correct

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Question 3 of 100

3. Question
In Georgia, when could earnest money funds NOT normally be disbursed by a broker?
- upon rejection of the buyer's offer
- upon withdrawl of the buyer's offer, before acceptance
- at the time of the closing of the transaction
- upon the buyer's request in writing, after acceptance of the offer and before closing, that an appraisal fee be paid from the earnest money
Correct

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Question 4 of 100

4. Question

A salesperson just attended a class on using social media to further her real estate sales career. She was so excited about the class she immediately came home and signed up for Facebook, Twitter and Linkedin. She has chosen a listing to market via social networking, a residence recently built to resemble an antebellum mansion. Which of the following words or phrases may she lawfully include in her advertising?

Beautiful "antebellum" estate.
Antebellum mansion.
Updated antebellum.
Antebellum syle mansion.

Correct

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Question 5 of 100

5. Question
Which of the following is an example of a disclosure required by the federal government?
- Neighborhood demographic data is available on a local website
- The buyer should inspect the property for lead-based paint
- The buyer is entitled to a copy of the covenants, conditions, and restrictions from the HOA.
- The seller needs to buy a home before she can close on the contract.
Correct

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Question 6 of 100

6. Question

A potential buyer made an offer to buy a property and included, as earnest money, an antique clock accompanied by a legitmate appraisal of $2,000. The salesperson delivers the clock to the broker right away. The broker is satisfied that the clock is worth the appraised amount so the salesperson does not tell the sellers about the form of earnest money. Has the salesperson violated Georgia law?

No, because the sellers need to be informed only of the value of the earnest money, not its form.
Yes, because cash or checks are the only acceptable form of earnest money
No, because earnest money can be in the form of any valuable consideration as long as value can be established.
Yes, because the sellers must be aware of the form of earnest money being offered.

Correct

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Question 7 of 100

7. Question
Two days after closing, the seller gives a $500 bonus check to the selling agent. The agent should
- instruct the seller to issue the check to the agent's broker
- immediately deposit the check in his account
- instruct seller that bonuses are illegal
- cash the check and give the broker his share of the bonus
Correct

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Question 8 of 100

8. Question
In terms of Real Estate, what is a broker?
- An individual or firm who visits properties and determine the value of it based on the property’s current condition
- None of the answers are correct
- An individual or firm who serves as a private investor and privately funds the acquisition of real property
- A licensed individual employed by or associated with the broker to perform real estate related services which include but not limited to buying, listing, leasing, and/or renting real property
- An individual or firm who is able to buy, sell, or lease real property on behalf of others
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Question 9 of 100

9. Question

A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the Federal Fair Housing Act, and if so, how?

No. Since they were an integrated club, they could discriminate on the basis of race.
Yes. Since the club had minority members, they were not exempt from the Federal Fair Housing Act
Yes. When race is involved, no exceptions to the Federal Fair Housing Act exist.
No. A private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.

Correct

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Question 10 of 100

10. Question
Which party decides the final listing price for a property?
- the certified appraiser
- the real estate broker
- the local government officials
- the seller
Correct

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Question 11 of 100

11. Question
When should a Georgia broker who manages a community association be covered by a fidelity bond or fidelity insurance?
- if the broker represents more than 60 owners
- whenever the broker collects or disburses any association funds
- if at any time the broker has access to $60,000 or more of association funds
- if the association funds are not maintained in a trust account
- if the association is seeking a conventional loan
Correct

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Question 12 of 100

12. Question
A promise that the grantee will not suffer interference from others having superior claim to the title is defined as?
- Covenant of further or future assurance
- Covenant of seisin
- Covenant against encumbrances
- Covenant of quiet enjoyment
- Covenant of warranty forever
Correct

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Question 13 of 100

13. Question
What is the legal but unethical exaggeration of a property’s benefits?
- Fruad
- Negligent Misrepresentation
- Puffing
- Scam
- Careless Misrepresentation
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Question 14 of 100

14. Question

A buyer sued a licensee for fraud in a real estate transaction and received judgment in the amount of $15,000. The licensee owns, free and clear, a cabin in Georgia valued at $10,000. For the buyer to file a claim against the Real Estate Education, Research and Recovery Fund he must

have the property levied upon and sold, then file a claim against the Fund for the balance remaining to satisfy the judgment.
file a lien on the property in the amount of $10,000.
present the judgment to the Real Estate Commission for the $15,000.
inform the Real Estate Commission about the property the licensee owns so that the commission may take legal action

Correct

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Question 15 of 100

15. Question
Which of the following would not be taken into account when estimating sellers’ closing costs
- transfer tax.
- prepayment penalty.
- escrow refund.
- mortgage insurance.
- all of these will be taken into account
Correct

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Question 16 of 100

16. Question
When serving solely as a buyer’s agent, it is unlawful for the real estate licensee to disclose any confidential information about the _______.
- seller
- listing agent
- buyer
- buyer and seller
- seller and agent
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Question 17 of 100

17. Question
A real estate licensee acting soley as a seller’s agent, it is unlawful for the real estate licensee to disclose any information about the _________.
- insurance company
- buyer
- seller
- agent
- buyer and seller
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Question 18 of 100

18. Question
In a mortgage/trust deed form of loan, the terms of payment and interest rate would be found on the
- loan application.
- promissory note.
- security deed or mortgage.
- deed.
Correct

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Question 19 of 100

19. Question
What conditions must be met to terminate a contract?
- One party assigns its rights to another
- A third party joins the contract
- Its impossible for one of the parties to perform
- One of the parties decides not to go forward
- Both parties assign rights to third parties
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Question 20 of 100

20. Question
What was the name of the law passed by congress requiring sellers to disclose information about the use of lead based paint in properties built in 1978?
- The 1970 Clean Air Amendment
- The 1965 Air Pollution Act
- The Lead Based Paint Act of 1992
- The Property Protection Laws of 1975
Correct

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Question 21 of 100

21. Question

During the sale of a property that was built during or before the year 1978, the seller must draft and attach a copy of these documents to the contract to show that they informed the buyer/tenant about the properties history with Lead based paint.

A promise to repaint the property every 7 years
A PPG approved paint guide for maintenance
Records of Previous paints used since the year 2000
A Lead Warning Statement and an EPA Approved Pamphlet

Correct

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Question 22 of 100

22. Question
What type of lease agreement features a natural break even point?
- Net lease
- Index lease
- Percentage lease
- Gross Lease
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Question 23 of 100

23. Question
The Georgia Real Estate commission was established nearly a century ago. What has been their purpose?
- the enforcement of the GA License Law
- to oversee and address complaints or violations against the real estate licensees
- to be able to interpret and explain the license law
- to establish and maintain regulations in order to prevent the real estate license holder from breaking the rules
- all of these are true
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Question 24 of 100

24. Question
A Real Estate Counselor
- Is the same as a broker
- A person you see when applying for loans
- Is usually an attorney
- Provides services to those seeking to purchase real Estate to help them determine the most viable option for a project or asset
- Has the same job as a salesperson
Correct

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Question 25 of 100

25. Question
Which one of the following is NOT one of the six moral and ethical responsibilities that an agent owes the pricipal in fiduciary relationships under common and statutory law stem?
- Loyalty
- Care
- Responsibility
- Obedience
- Disclosure
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Question 26 of 100

26. Question
Who can settle the asking price for a seller’s brokerage engagement?
- a fee appraiser
- the seller
- the brokerage engagement broker
- the real estate agent
Correct

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Question 27 of 100

27. Question
Market price is
- the most probable price
- the same as market value
- what the property sells for
- the same as cost when used
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Question 28 of 100

28. Question

A property owner in a condominium poses a question about the bylaws of the association that involves a legal issue. The community association manager happens to be familiar with this issue. To handle this situation correctly in Georgia, the community association manager should

suggest that the owner talk with a real estate attorney.
talk to a real estate attorney herself and report back to the owners.
refer the owner to her broker, who is not an attorney.
draw upon her knowledge to answer the question.

Correct

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Question 29 of 100

29. Question
If a salesperson’s sponsoring broker mentioned in the written affiliation agreement that the salesperson could sign a listing as the agent, can the salesperson legally do so in Georgia?
- No, the salesperson must have completed all of the education courses required of a broker
- Yes, license law allows the salesperson to sign for the broker regardless of whether permission is granted.
- No, because the sponsoring broker is the seller's agent.
- Yes, because the salesperson was authorized to do so in the affiliation agreement
- Yes, but the document would require a second signature of the broker for it to be legal.
Correct

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Question 30 of 100

30. Question
One of the main purposes of the FHA is to
- insure home loans
- provide homeowner's insurance
- lend to veterans
- develop low income housing
- lend to low income people
Correct

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Question 31 of 100

31. Question
What type of loan would be the BEST option for senior homeowners, who have paid off their loan and would like to receive monthly income?
- Growing-equity loan.
- Purchase money mortgage.
- Reverse mortgage.
- Open-end loan.
- Blanket loan.
Correct

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Question 32 of 100

32. Question
___ any business entity, including, but not limited to, a corporation, partnership, limited liability company, or a sole proprietorship.
- Firm
- Real estate
- Agency
- None of the above
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Question 33 of 100

33. Question
Which of these professions are able to buy, sell or lease real property on behalf of others for a commission?
- Broker
- Salesperson
- Appraiser
- Lender
Correct

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Question 34 of 100

34. Question
Mary is interested in buying land to build on for her hair business. What will we say Mary is?
- Purchaser
- Agent
- Broker
- Licensee
Correct

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Question 35 of 100

35. Question
To be legitimate, a claim to any real property must be accompanied by a blank.
- Ownership
- Rights, Order
- Title
- Legal Description
- None of the above
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Question 36 of 100

36. Question
“Regardless of any man-made or natural changes, land remains basically the same.” best describes which physical characteristic?
- Improvements
- Area Preference
- Uniqueness
- Indestructibility
- B&C
Correct

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Question 37 of 100

37. Question
Fill in the blank: Operations, such as blank, will have an influence on the surrounding properties in the neighborhood.
- Airports
- Industrial Plants
- Recreational Facilities
- All of the above
- None of the above
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Question 38 of 100

38. Question
Which of these is a major determining factor in whether a loan applicant will receive a home loan?
- Debt to income ratio
- Insurance premiums
- Student loan
- Medical expenses
- Monthly Income
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Question 39 of 100

39. Question
How often can a consumer receive a free credit report?
- Every four months from different credit reporting companies
- Once a year from one credit reporting company
- Monthly from all credit reporting companies
- Credit reports are never free
- Every six months from different credit reporting companies
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Question 40 of 100

40. Question
What does FICO stand for?
- Fair Isaac and Corporation
- Fawn Issac Company
- Fair Iceland Company
- Fawn Isaac Corporation
- Fair Iceland Corporation
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Question 41 of 100

41. Question
When is designated agency most likely to occur?
- There is a customer buyer and a client seller.
- The buyer and seller are represented by the same company.
- Both the buyer and seller are customers.
- The seller designates a specific agent to work for her.
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Question 42 of 100

42. Question
What will terminate an agency?
- The broker discovers that he won't earn as big a commission
- The property is abandoned by owner.
- The owner declares bankruptcy.
- The seller designates a specific agent to work for her.
Correct

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Question 43 of 100

43. Question
The duty of __________ is the real estate agent’s responsibility to keep the principal informed of all the facts that might affect a transaction.
- Disclosure
- Confidentiality
- Obedience
- Care
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Question 44 of 100

44. Question
Which statement defines a deceptive ad?
- an ad that contains or omits statements that will likely mislead reasonable consumers.
- an ad that cannot be backed up by proof
- an ad that will cause or is likely to cause substantial, unavoidable consumer injury.
- an ad that contains statements that consumers cannot understand
Correct

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Question 45 of 100

45. Question
What did the Federal Trade Commission Act want to encourage?
- Truthful ads
- Non-deceptive ads
- Fair advertising
- All of the above
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Question 46 of 100

46. Question
How can you avoid a privacy or security breach?
- post the sellers phone number
- publish this request: “Please avoid afternoons, as this is the children’s nap-time"
- not posting photos with valuables in the photos
- posting a photo with the seller in it
Correct

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Question 47 of 100

47. Question
Special stipulation document would include which of the following?
- Limitations on the properties internet advertisement if the seller wants
- Seller’s rejection or acceptance of the dual agency consent for their broker
- Posting “For Sale” sign
- A & B
- All of the above
Correct

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Question 48 of 100

48. Question
Under the statute of Fraud, GA law does not require that any contract or interest be in writing and signed by the person against whom the contract is enforced or by the party representing that person
- True
- False
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Question 49 of 100

49. Question
The statute of fraud, written agreement must include which of the following.
- Legal description of the property
- How the price will be paid
- Limitations on the properties internet advertisement if the seller wants
- A & B
- None of the above
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Question 50 of 100

50. Question
Which is a general lien
- Judgement lien
- Property Tax lien
- Mechanic lien
- Attachment lien
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Question 51 of 100

51. Question
A lienee is a(n) ___
- Agent
- Creditor
- Government employee
- Judge
- Debtor
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Question 52 of 100

52. Question
The _____ is protected under a vendor’s lien.
- Seller
- Buyer
- Debtor
- Property
- None of the above
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Question 53 of 100

53. Question
In a situation where legal title to a property is held and is entrusted, carrying out the trustor’s instructions regarding the purpose of the trust, what is the term/ title of this position?
- Beneficiary
- Trustor
- Trustee
- A&C
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Question 54 of 100

54. Question
Which are types of property ownership
- Cooperative
- Timeshare
- Condominium
- All of the Above
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Question 55 of 100

55. Question
The “bundle of rights” refers to a set of rights
- Enjoyed by the owner of a property
- That is a synonymous with the Bill of Rights.
- Guaranteed to citizens by the Statute of Rights
- Specified in a deed or land contract.
Correct

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Question 56 of 100

56. Question
The submission of ___ document is needed for the development of multiple properties in an area to be approved.
- Road structure approval
- A developer's pro forma
- Proof of internal rate of return
- A plat of subdivision
Correct

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Question 57 of 100

57. Question
The legal description of a property is one which
- is accepted by a licensed surveyor as suitable for inclusion in a survey of the property
- is written by an attorney licensed to practice real estate law in the state in which the property is located
- accurately describes the location and dimensions the lot and improvements on the property
- accurately identifies the boundaries of the property as distinct from all other parties
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Question 58 of 100

58. Question
The metes and bounds system essential elements are
- Sections, areas, and directions
- Parallels, base lines, and meridians
- Boundaries, distances, and a base line
- References points, angles, and distances
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Question 59 of 100

59. Question
An installment sale is
- A one-time payment to the seller for a property
- A non-interest loan from the seller to the buyer
- Promissory note from the buyers for an initial payment and future payments
- Property sold at a discount
- A and D
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Question 60 of 100

60. Question
Which of the following are tax assessor’s requirements?
- Evaluate property value
- Make all adjustments requested by the property owner
- Determine property values every 2 years
- A and C
- All of the above
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Question 61 of 100

61. Question
Which of the following is not a tax incurred
when transferring real estate?
- Intangible tax
- Mortgage tax
- Environment tax
- Transfer Tax
- All of the above
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Question 62 of 100

62. Question
Which of the following situations is the contract enforceable?
- A written contract conveys interest in real estate but there is no legal description of property and no signatures of either party
- A written contract that conveys interest in real estate with legal description of property but no signatures of either party
- A written contract that conveys interest in real estate with a legal description of property and signed by one or more parties
- A nonwritten contract that conveys interest in real estate with a legal description and signatures of all parties
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Question 63 of 100

63. Question
Which of the following would most likely NOT be a valuable consideration?
- money
- promised services
- a coupon to free car wash
- merchandise
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Question 64 of 100

64. Question
Larry listed his home for sale with a real estate broker for a period of 120 days. No buyer was found within this period. On the 212st day the listing would be terminated by: I. rescission ;II. expiration of time; III. mutual agreement; IV. destruction
- I, II and III only
- IV only
- II only
- I and II only
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Question 65 of 100

65. Question
If an owner of real property dies intestate and has no legal heirs, what will happen to the property
- it will escheat to the state or county
- it will transfer to the decedent's executor
- it will be divided equally among adjoining property owners
- it will become a public easement
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Question 66 of 100

66. Question
The purpose of a deed restriction is to enable an owner to specify
- the form of ownership in which a property may be held
- how long a property must be owned before it can be legally transferred
- what groups of people are legally excluded from future ownership of a property
- how a property may be used and what improvements may be built on it
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Question 67 of 100

67. Question
A property owner who is selling her land wants to control how it is used in the future. She might accomplish her aim by means of
- an injunction
- a deed restriction
- an easement
- a land trust
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Question 68 of 100

68. Question
A chronological summary of the properties title records and other public records affecting interests in the property is known as
- Public notice
- Abstract of title
- Legal title
- Title insurance
- Chain of title
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Question 69 of 100

69. Question
What is defined as the covenant of a title?
- is when you must do cloud removal. This is when the property owner initiates court proceedings to remove any claim to the property.
- is generally accepted when there is no Torrens registration. This protects the policyholder from losing anything that deviates from the insured title.
- is usually a promise by the grantor that certain conditions of the title exist and if not the grantor must compensate the grantee for damage
- is when the search is completed and the title company has reviewed what they could find with their attorney and will, therefore, provide a certificate of title.
- this is when a buyer can verify that there is no problem with the title and that the seller is the rightful owner of a home.
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Question 70 of 100

70. Question
Define covenant of quiet enjoyment
- a promise that there are no encumbrances except those specifically mentioned in the deed
- a promise that the grantor does own the property and has the right to convey it
- a promise that the grantee will not suffer interference from others having a superior claim to the title
- obligates the grantor to compensate the grantee for any loss suffered in defending the title against anyone asserting a rightful claim to the property from any time in the past
- obligates the grantor to produce any documents that might be needed to perfect the title
Correct

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Question 71 of 100

71. Question
James wants to know how much a house costs and if he can afford one. He has a gross income of $5,350. If the required down payment can be made, what is James’s allowable housing expense?
- $1,626 = Total housing expense allowed $1,489 = Total housing and other debt expense allowed
- $1,926 = Total housing expense allowed $1,849 = Total housing and other debt expense allowed
- $1,296 = Total housing expense allowed $1,490 = Total housing and other debt expense allowed
- $1,926 = Total housing expense allowed $1,498 = Total housing and other debt expense allowed
- $1, 962 = Total housing expense allowed $2,498 – Total housing and other debt expense allowed
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Question 72 of 100

72. Question
What are the two parts to a loan?
- Debenture and Trustee
- Promissory Note and Collateral
- Collateral and security
- Pledge to pay and trustee
- Promissory Note and Hypothecation
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Question 73 of 100

73. Question
Prepayment penalty is defined as
- The penalty the borrower and the lender share in the case the borrower repays the loan before the end of the term.
- The penalty a borrower pays in the case he/she repays the loan before the end of the term.
- The penalty the lender pays in case the borrower pays the loan before the end of term.
- The penalty the lender pays in addition to the fee they pay in which they give a 8% refund of interest paid to the borrower in the case he/she repays the loan before the end of the term.
Correct

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Question 74 of 100

74. Question
How does Early Loan payoff work? Select the option that applies
- Let them know that you do not want to pay anymore and they can waive it for you
- If you have good standing with paying installments on time, the loan provider can help lower the loan and/or interest
- You can make higher monthly installments,therefore docking the full amount and reducing the interest and time needed to pay the loans
- None of the above
Correct

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Question 75 of 100

75. Question
The practice of redlining is specifically prohibited by
- The home mortgage disclosure act
- The real estate settlement procedures act
- The civil rights act of 1866
- The Americans with disabilities act
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Question 76 of 100

76. Question
Cecily Longstreet believes a real estate agent has kept her from seeing a certain property for rent because she is woman. What actions should she take if she wants legal satisfaction for her complaint?
- File charges of illegal discrimination with the police department that has jurisdiction over the local area
- File a complaint with HUD and/or file a suit against the offending parties in a state or federal court within the prescribed time period
- Wait two years and then file a civil suit in federal court
- Sue HUD for damages under the Civil rights Act of 1866
Correct

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Question 77 of 100

77. Question
Select one of the following for the required continuing educational amount for a community association manager?
- 15 hours every six years
- 36 hours every six years
- 15 hours every four years
- 36 hours every four years
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Question 78 of 100

78. Question
Select one of the following offers Community Association Manager certificate exam in Georgia?
- Association Management Program
- Association Measurement Professionals
- Applied Measurement Professionals
- Applied Management Professionals
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Question 79 of 100

79. Question
Select which of the following is an eligibility requirement for a community association manager in Georgia?
- Must also be a resident of Florida
- Be a member of the National Association of REALTORS®
- Be at least 16 years old
- Be a member of the community association or a community association manager licensee.
Correct

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Question 80 of 100

80. Question
Real estate is considered illiquid because
- It is often difficult to convert to cash
- It cannot be moved
- Real estate is defined as land, not water
- Its physical form is fixed
Correct

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Question 81 of 100

81. Question
“Base employment” in real estate demands means
- The number of persons employed in base industries in an area
- The number of persons employed on military bases in an area
- The labor pool available for employment in all industries in an area
- The lowest category of employment in terms of wages and desirability
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Question 82 of 100

82. Question
Define vacancy
- The total existing space of a certain type that is unoccupied at a given time
- A property that has no owner-occupant
- The total number of properties of a certain type that are on the market at a given time
- The absence of certain types of users in a given market area
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Question 83 of 100

83. Question
Master planning zoning is described as
- Land use and the master planned are kept together by use of zoning ordinances
- Zoning ordinances aren't needed when there is a master plan
- The master plan is putting together zoning ordinances
- Zoning is done by the city while planning is done by the county
Correct

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Question 84 of 100

84. Question
_____is required before a building permit can be issued.
- Conditional use permit
- Zoning permit
- Variance use permit
- Nonconforming use permit
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Question 85 of 100

85. Question
Different types of zones are created by zoning authorities
- To separate land uses so that they do not interfere with each other
- To preserve high density land uses
- To discourage industrial and commercial users from relocating
- To ensure that a variety of building structures are available in the community
Correct

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Question 86 of 100

86. Question
Redlining has which of the following negative results?
- Real estate salespeople are not able to advertise in local newspapers
- Redlining has no negative effect
- Appraisers have a difficult time evaluating properties in the area
- It is a major contributor to the deterioration of older neighborhoods
- None of the Above
Correct

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Question 87 of 100

87. Question
A ____ is the resolution of a fair housing complaint by obtaining assurance that the respondent will remedy the violation.
- Civil action
- Conciliation
- A judgment
- Administrative proceedings
- None of the Above
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Question 88 of 100

88. Question
If a seller requests that an agent not show their house to anyone born outside the US, the agent:
- May take the listing and not follow the instructions
- May take the listing and hope that no foreigners want to see the property
- Must show the house to everyone who wants to see it
- Must decline to take the listing
- All of the above
Correct

Incorrect
Question 89 of 100

89. Question
Asbestos is a _______ material.
- Powdery
- Sticky
- Soft
- Rough
- Smooth
Correct

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Question 90 of 100

90. Question
What is not affected by leaking landfills, spills, and improper water disposal?
- Soil
- Lakes
- Metals
- Rivers
- Ground water
Correct

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Question 91 of 100

91. Question
_______ it required a 90% reduction
in pollution emission and expected
manufactures to comply within 5 years.
- 1963 Clean Air Act
- 1955 Air Control Act
- 1970 Clean Air Amendment
- 1965 Air pollution
- 1990 Clean Act Amendment
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Question 92 of 100

92. Question
Which type of property manager is most likely to work for real estate developers and investors?
- Office
- Retail
- Real estate development
- Residential
- None of the above
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Question 93 of 100

93. Question
Which person in the following scenarios holds a real estate license?
- Tom manages multiple properties for one owner as an employee, but doesn't collect rent.
- James manages rental property for a single owner as an employee. There is no rent collection involved.
- Linda works for more than one owner for a fee.
- Keith manages rental property for a single owner as an employee. There is no rent collection involved.
- None of the above
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Question 94 of 100

94. Question
If the governor appoints 5 real estate members to the GREC, he must appoint a final member who is working in what field?
- Consumer Affairs
- Marketing
- Politics
- Real Estate
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Question 95 of 100

95. Question
Passing the Georgia Real Estate Exam (proctured by PSI ) means that you scored at least a _ on the exam?
- 90%
- 80%
- 75%
- 70%
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Question 96 of 100

96. Question
When a license is permanently taken away it is called _?
- Termination
- Suspension
- Denial
- Revocation
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Question 97 of 100

97. 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?
- The item must be prorated and recorded as a debit to one party and a credit to the other party for the same amount.
- The item must be prorated and recorded as a debit to one party; the reminder is recorded as a credit to the other party.
- The party who is owed money receives a credit for the entire item and a debit for the prorated amount.
- The party who owes money receives a debit for the portion owed and a credit for the portion that is not owed.
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Question 98 of 100

98. Question
What’s 32% in a decimal.
- 0.32
- 0.032
- 32
- 3.2
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Question 99 of 100

99. Question
Change 0.7564 to a percent
- 756.40%
- 0.76%
- 7.56%
- 75.64%
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Question 100 of 100

100. Question
32% of $62,000 = what?
- $62,000
- $18,432
- $19,840
- $23,000
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Practice Exam #2

Practice Exam #2

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