ARE YOU READY?
LET’S PRACTICE!
#1. Which of the following is a fiduciary duty owed by an agent to a client?
#2. Who pays for title insurance in a typical Georgia transaction?
#3. In Georgia, who must hold the real estate license for a firm?
#4. What is the effect of recording a deed?
#5. The right of survivorship exists in which of the following?
#6. When must a licensee disclose their license status when selling their own property?
#8. In Georgia, who usually conducts the real estate closing?
#9. What does the Sherman Antitrust Act prohibit?
#10. Which type of listing is illegal in many states and discouraged in Georgia?
#11. A broker who deposits earnest money into their personal account is guilty of:
#12. What is a writ of execution?
#13. What happens if the buyer dies before closing?
#14. A legally binding promise between parties is known as a:
#15. The amount a property sells for is called:
#16. Which term refers to land and everything permanently attached?
#17. A mortgage is an example of a:
#18. A lease that automatically renews is a:
#19. In Georgia, earnest money must be placed in a trust account:
#20. A salesperson license can be renewed by completing how many hours of CE every 4 years?
#21. A material fact is something that:
#23. The term ‘real property’ includes:
#24. A balloon mortgage is one with:
#25. A salesperson working under a broker is considered a:
#26. What is the result of foreclosure?
#27. An offer can be withdrawn:
#28. When must a listing agent disclose a known defect?
#29. Which term refers to an interest in land less than a freehold?
#30. A broker’s duty to keep confidential information continues:
#31. The principle of substitution is used in:
#32. A document used to change terms in a contract is called:
#33. If a property has an illegal use, the zoning board may grant a:
#34. The broker relationship with a client is primarily established by:
#35. Which of the following is an example of involuntary alienation?
#36. In Georgia, advertising must always include:
#37. A deed in lieu of foreclosure is:
#38. Which of the following can be recorded?
#39. Which covenant ensures the grantor has title and can convey it?
#41. A property manager’s first responsibility is to:
#42. In Georgia, what is the minimum education to apply for salesperson license?
#43. The interest a tenant has in rented property is a(n):
#44. The Real Estate Commission may discipline licensees by all EXCEPT:
#45. Ownership in severalty means:
#46. A court-ordered sale of property is done through a:
#47. The final step in a closing process is:
#48. A land contract is also known as:
#49. A person with equitable title has:
#50. What is the purpose of a title commitment?
#51. The difference between assessed value and market value is usually due to:
#52. Blockbusting involves:
