ARE YOU READY?
LET’S PRACTICE!
#1. What is the purpose of a habendum clause in a deed?
#2. What is the effect of zoning laws?
#3. When a licensee represents both buyer and seller in the same transaction with consent, it is called:
#4. Which of the following is NOT a duty owed in a customer relationship?
#5. The replacement cost approach is best for appraising:
#6. An easement in gross benefits:
#7. Which contract clause allows a lender to demand full repayment if property is sold?
#8. What is the primary role of a mortgage lender?
#9. The ‘do not call’ list restricts telemarketing to consumers who:
#11. Which federal law prohibits discrimination in lending?
#12. A developer sets a minimum square footage for homes in a subdivision. This is an example of:
#13. In Georgia, licensees may advertise a property only with:
#14. Which of the following is NOT required for a valid deed?
#15. In agency law, the party represented by the agent is the:
#16. What kind of interest does a tenant have in a leased property?
#17. A broker’s commission is determined by:
#18. Which term describes a contract where one party is bound but the other is not?
#19. A transaction broker:
#20. Georgia law requires earnest money to be deposited:
#21. A fixture is typically determined by all EXCEPT:
#22. A lease is terminated by all of the following EXCEPT:
#23. Which of the following is NOT considered real property?
#24. A property’s assessed value is used for:
#25. Which of the following is required in all Georgia advertising?
#26. Which of the following best describes fee simple ownership?
#27. Which type of loan allows the interest rate to change?
#28. In Georgia, the maximum payment from the Recovery Fund per transaction is:
#29. The cost approach is most suitable for:
#30. An agent tells a buyer the neighborhood is ‘safe.’ If it’s not, this could be:
#31. Which law requires lenders to disclose APR and loan terms?
#32. An appraisal is valid for:
#33. Which action is legal under fair housing law?
#34. A variance allows property use that:
#35. A buyer’s agency agreement in Georgia must:
#36. A special assessment is:
#37. In Georgia, the Real Estate Commission has authority to:
#38. A property manager’s responsibilities include all EXCEPT:
#39. An executory contract is one that is:
#40. Which of the following terminates an offer?
#41. In Georgia, a broker must deposit trust funds:
#42. An example of economic obsolescence is:
#43. The right to control property use belongs to:
#44. An agent shows property to a buyer without agency. The buyer is a:
#45. A lead-based paint disclosure is required for homes built before:
#46. A person who dies without a will and no heirs causes property to go to the state by:
#47. When an easement is no longer needed, it may be terminated by:
#48. A CMA differs from an appraisal because it:
#49. Which of the following is NOT a protected class under federal fair housing?
#50. The Georgia Fair Business Practices Act targets:
#51. In a lease, the lessor is the:
