Ga Real estate practice exam Questions and Correct Answers
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Course
GA REAL ESTATE
Institution
GA REAL ESTATE
Ga Real estate practice exam Questions and
Correct AnswersGa Real estate practice exam Questions and
Correct AnswersGa Real estate practice exam Questions and
Correct AnswersGa Real estate practice exam Questions and
Correct AnswersGa Real estate practice exam Questions and
Correct Answer...
Ga Real estate practice exam Questions and
Correct Answers
IRS code sections 3508 (a)(b)
✓ ~~~ Real estate licensees are classified as independent contractors under what
code?
familial status and mental and physical disability
✓ ~~~ The Fair Housing Act of 1968 was amended in 1988 to include what ?
injunction
✓ ~~~ an order from the court to immediately stop soliciting listings in a certain
geographic area is called what?
Commingling
✓ ~~~ an illegal action and occurs when brokers
mix their business escrow account with their office operating account
acceptance
✓ ~~~ key word used to determine whether a real estate broker is, or is not, legally
entitled to a commission
Familial status
✓ ~~~ a protected class under the Fair Housing Act, is defined as an adult with
children under 18
an example of arbitration
✓ ~~~ Broker Alvin and Broker Kevin from different real estate brokerage firms decide
to bring their dispute over a commission split to a neutral third party that would make
a final decision. This is best known as
HUD
✓ ~~~ Stands for Housing and Urban Development
restraint of trade
✓ ~~~ A business activity where there is a monopoly or conspiracy that negatively
impacts another individual or company's ability to do business is called a(n)
testers
, ✓ ~~~ Individuals posing as prospective home seekers, but who are actually
volunteers who investigate equal treatment by brokerage firms are known as?
federal trade commission
✓ ~~~ The governmental commission that has the power to declare trade practices
unfair is the
Acre
✓ ~~~ 43,560 square feet is what?
possession
✓ ~~~ The words "estate" or "tenancy" generally imply which right to real property?
scarcity
✓ ~~~ An attribute of land that means that there is a fixed supply of it is?
map
✓ ~~~ A plat would best be described as a what?
remove fixtures placed by them if agreed to with the property owner when the lease
terminates
✓ ~~~ With regard to fixtures attached to residential property, tenants may
home ownership
✓ ~~~ An example of a freehold estate is a
timeshare
✓ ~~~ co-owners of a condominium that is based upon prescribed intervals is known
as a?
A mortgage
✓ ~~~ is a type of lien
Mortgage value
✓ ~~~ the type of value that is most important to a residential real estate salesperson?
Substitution
✓ ~~~ Which economic principle is the basis for the sales comparison approach to
value?
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