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|What is the minimum age for someone to legally enter in a contract for the sale of real estate in Georgia?|
|Which of the following is the BEST source of information for determining the cost factor in the replacement cost method?|
|Can a seller give a licensee a bonus check?|
|What is a Broker in terms of Real Estate?|
|Who ultimately decides the listing price in a brokerage engagement?|
|A Georgia broker who manages a community association must be covered by a fidelity bond or insurance policy|
|What is a promise that the grantee will not suffer interference from others having a superior claim to the tilte?|
|George is showing a property to first time home buyers. The home is overpriced for the location it’s in. He wants the property to seem more desirable so he invites a few friends to come by during the showing to give off the illusion that the home is in high demand. What behavior is George engaging in?|
|Describe which of the following typically would NOT be considered when estimating sellers’ costs|
|According to common-law fiduciary principles, a real estate licensee acting solely as a buyer’s agent will not disclose any confidential information recieved from the|
|Under what circumstances may a contract be terminated?|
|There was a law that passed requiring sellers to disclose information about the use of lead based paint in properties in 1978, what was it called?|
|A natural break even point is featured in what type of lease agreement?|
|The GREC was created with the purpose of|
|A ___________ is a person that provides a service to those who are interested in purchasing real estate and often influences their decisions by helping them determine the most viable option for a project or asset|
|Which of the following is NOT one of the targeted responsibilities of the Georgia’s Real Estate Commission?|
|What financing alternative can a borrower utilize if they want a temporary loan that provides funds in addition to an existing loan until permanent financing can be obtained?|
|In Georgia, who should ultimately determine the asking price in a seller’s brokerage engagement agreement?|
|Which of the following is a market price?|
|Can a salesperson sign a listing as the agent if given permission in the affiliation agreement?|
|One of the main goals of the FHA is to|
|An elderly homeowner paid off their mortgage and would like to convert the equity in their home to receive monthly payments. What would be their best option?|
|A licensee takes a listing of a family friend even though the property is 2 hours away. If the licenseee does not show the property, what has the agent violated?|
|A ______ contract is what would be called when a minor and adult have entered into a written contract for the sale of a property.|
|On a closing statement, earnest money will generally appear as which one of the following:|
|What makes a bilateral contract different from a unilateral contract?|
|Which of the following would be a violation of license law by a broker?|
|What does it mean to have a low loan-to-value ratio?|
|________ 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|
|How long is a broker in Georgia required to retain copies of sales contracts?|
|Of the following, which must be included in a legal description of real estate in Georgia?|
|How long after the expiration of the listing must a Georgia licensee remove an advertisement from the internet?|
|The practice of persuading owners to sell property cheaply because of the fear of people of another race or class moving into the neighborhood is called|
|How are memembers of the Georgia Real Estate Commission selected?|
|Which one of the following advertisements is not prohibited under the Fair Housing Act?|
|At closing, who can pay the intangible taxes in Georgia?|
|Which deed gives the buyer the best assurance that the seller has good title to the property?|
|When Stacy’s brother passed away 6 years ago, she had him cremated and planted a tree on his property from his remains. The tree is an example of:|
|Once a Georgia salesperson’s license is issued, how long does the salesperson have in order to complete the 25 hour course and examination?|
|Is it a violation to pay a referral fee to a licensed agent who is currently on inactive status?|
|Two relatives own a parcel of property. Under some circumstances, one passes and the other relative automatically becomes the sole owner. The type of tenancy these relatives hold is|
|If a seller makes a counteroffer to a buyer, and she obtains a second offer from another buyer that is for a higher price, what can she do to accept the second offer?|
|What homes qualify for a VA loan?|
|What loan would yield the lowest loan value ratio?|
|32% to a decimal.|
|What is 1 square foot?|
|Equation for total commission?|
|Your seller wants to net $65,000 after the 6% commission is paid, but before other closing costs are factored in. What price does the home need to sell for the seller to net this amount?|
|You have a property listed at $130,000. The commission rate listed in the listing agreement is 6%, which you will split evenly with the buyer’s representative. What’s your share.|
In the Rectangular Survey System, what are the dimensions of a township?
Which of the following is true regarding master planning and zoning?
After receiving your real estate license, how long do you have to work under a broker?
This class must be taken after receiving a real estate license__
Sanctions are most often given for
What’s 1 mile?
What’s 1 acre?
What’s 1 square mile?
the court proceeding that generally settles a descendent’s estate is called
An owner transfers title to a property to a buyer in exchange for a motorcycle. This is an example of
A tenant transfers a portion of the leasehold interest to another party. The instrument that accomplishes this transfer is a
______ contaminate water supplies.
_____ established National Ambient
Quality Standards (NAAQS) for
seven pollutants to regulate air quality.
Process in which a past owner has the opportunity to get their sold property back is called
Who has claim over a property after a tax lien has been placed on the property?
Public land use planning strives to balance which of the following potentially conflicting interests?
Zoning, building codes, and environmental restrictions are forms of local land use control known as
Which is a general lien
A lienee is a(n) ___
Which entity enforces Fair Housing Law?
When working with an African American client, Nancy makes an effort to show them homes in primarily African American communities. Based on this fact, Nancy is guilty of
Which statement is false: MLS violations:
What did the Federal Trade Commission Act want to encourage?
What kind of interest does the buyer acquire once a real estate contract is signed by the principal parties?
A contingency in a sale contract is _____________
When having Joint-Tenancy one cannot transfer their interest in a property in what way?
What is the highest form of ownership interest one can acquire in real estate?
How often can a consumer receive a free credit report?
What does FICO stand for?
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 is a _______.
What are real estate related financial transactions?
Which of the following is not included in the management agreement
One of the main responsibilities of a Property manager is to
What is the difference that the consideration of a variance and exception may be based on?
A seller tells a buyer that they will not sell them the house unless the buyer uses a particular title insurance company. This is _____
According to real estate license law, a broker may be sanctioned for which one of the following?
A high loan-to-value ratio indicates
Which of the following may be an advantage of a buydown for a borrower?
The type of loan where the interest rate is determined by adding the margin to a publicly available index rate is _____________
A Georgia real estate license can stay inactive for
If there is a title defect on a property, what would be the BEST option in the means of getting it eliminated?
When a property in good condition value declines because it is in a declining neighborhood, what type of depreciation would that be considered?
A broker in Georgia must keep copies of all of their past engagements for how long?
In Georgia, what description of the land must be included in every legal land description?
A broker advertises a property for rent only on a Portugeese website. The advertisement contains the fair housing logo and no discriminatory language. This is _____
The lead based paint addendum…
Once a listing expires, how long does an agent have to remove an advertisement from the internet?
What is it called when an agent overemphasizes a property’s positive attributes?
A method of psychological manipulation to make residents sell their property because of changing demographics is called __________?