ARE YOU READY?
LET’S PRACTICE!
#1. What is the minimum passing score for the Georgia salesperson licensing exam?
#2. Which of the following is a requirement to obtain a Georgia real estate license?
#3. Who appoints the members of the Georgia Real Estate Commission?
#4. The Real Estate Commission’s authority comes from:
#5. What is a broker’s primary obligation to a client?
#6. The Commission requires trust accounts to be reconciled:
#7. An unlicensed assistant may do which of the following?
#8. Which of the following can legally terminate an agency relationship?
#9. A ministerial act includes:
#10. A licensee representing the buyer must disclose agency to the seller:
#11. If a broker’s license is revoked, what happens to affiliated licensees?
#12. Which document transfers ownership of real property?
#13. Which covenant in a deed guarantees the grantor has the legal right to convey the property?
#14. A title free from major defects that a reasonable buyer would accept is called:
#15. A licensee must provide a copy of any signed document to the signer:
#16. Which is NOT a requirement of a valid contract?
#17. In Georgia, a broker must review all offers and contracts prepared by licensees:
#18. An agency relationship can be created by all EXCEPT:
#19. What type of loan requires periodic payments of both principal and interest?
#20. Who is responsible for preparing the closing disclosure for a financed home sale?
#21. If a buyer defaults on a purchase contract, the seller may keep the earnest money as:
#22. Which type of tenancy involves equal ownership with right of survivorship?
#23. What does the term ‘constructive notice’ refer to?
#24. The income approach to value is most commonly used for:
#25. An appraisal is best defined as:
#26. Which of the following contracts must be in writing to be enforceable under the Statute of Frauds?
#27. The ‘time is of the essence’ clause means:
#28. A counteroffer has what effect on the original offer?
#29. In dual agency, a licensee must:
#30. What is required for a deed to be recorded?
#31. A short sale is a situation where:
#32. What is a buffer zone?
#33. A zoning variance allows a property to:
#34. A mill rate of 25 equals how much tax per $1,000 of assessed value?
#35. The gross rent multiplier (GRM) is used to estimate:
#36. What is the primary purpose of the Truth in Lending Act (TILA)?
#37. Which document pledges property as security for a loan without giving up possession?
#38. A licensee who fails to complete CE requirements will:
#40. A person dies intestate. Who settles the estate?
#41. An option contract gives the buyer:
#42. Redlining refers to:
#43. What does RESPA require to be given within 3 business days of a loan application?
#44. Which appraisal method uses replacement cost minus depreciation?
#45. In a lien-theory state like Georgia, who holds the title?
#46. A breach of contract may result in all EXCEPT:
#48. The Fair Housing Act does NOT protect against discrimination based on:
#49. A cooperative differs from a condominium because the buyer in a coop:
#50. A licensee representing a landlord owes a duty to:
#51. The Statute of Limitations governs:
