ARE YOU READY?
LET’S PRACTICE!
#1. A property is sold with a verbal agreement. Is the contract enforceable?
#2. In Georgia, a licensee must complete how many post-license education hours in the first year?
#3. The broker owes fiduciary duties to:
#4. An open listing differs from other listings because:
#5. A land contract is also called a:
#6. When is a contract considered executory?
#8. The legal process of taking property through condemnation is:
#9. Which of the following is required for a valid lease?
#10. The highest form of ownership is:
#11. Which term refers to increasing land through natural deposits?
#12. Which of the following can terminate a listing agreement?
#13. The Real Estate Settlement Procedures Act (RESPA) applies to:
#14. A person who receives property through a will is a:
#15. A listing agent’s duty to disclose material facts applies to:
#16. A counteroffer does what to the original offer?
#17. Which loan type is guaranteed by the government?
#18. A licensee in Georgia may not:
#19. Dual agency requires:
#20. Which of the following is NOT a freehold estate?
#21. An estoppel certificate is used in:
#22. To be enforceable, a purchase agreement must contain:
#23. A subagent works for:
#24. A licensee must account for trust funds:
#25. Which is a voluntary alienation?
#26. The GREC has authority to do all EXCEPT:
#27. An amortized loan means:
#28. The truth-in-lending law requires lenders to disclose:
#29. A lease that converts to month-to-month after expiration is:
#30. Ownership by two or more persons without right of survivorship is:
#31. A buyer’s earnest money is usually held by:
#32. When is a licensee’s relationship with a client disclosed?
#33. A written agency agreement must include:
#34. Which is not typically a physical characteristic of land?
#35. A deed that provides no warranties is a:
#36. A mortgage clause protecting lender if borrower defaults is:
#37. Property that reverts to the state with no heirs is governed by:
#38. Which lien has the highest priority?
#39. A right to use someone else’s land is a(n):
#40. A deed executed by court order is usually a:
#41. In Georgia, license law is created and enforced by:
#42. Which law prohibits housing discrimination?
#43. A lease purchase differs from lease-option in that:
#44. What is a legal description?
#45. Which of the following is NOT required to obtain a Georgia license?
#46. The bundle of rights includes:
#47. Georgia licensees must report conviction of a felony to GREC within:
#48. A brokerage firm must retain records for how long?
#49. A designated agent in Georgia:
