Ga real estate exam - Study guides, Class notes & Summaries

Ga real estate exam prep questions and answers latest update 2023/2024 102 questions

GA MLS Real Estate Practical Final Exam Questions With Answers 2023 Solution Safety Clause - CORRECT ANS -A negotiated period after the termination of the listing during which the listing broker may still be entitled to a commission if the property is sold to a buyer who was shown the property during the listing period Survival Clause - CORRECT ANS -A clause in the contract for purchase and sale that, unless otherwise expressly agreed to in writing by the buyer and seller, allows certai...

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GA REAL ESTATE EXAM PRACTICE QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. When applying for a loan, what is a fixed rate? - -A loan that has a predetermined repayment interest rate What act prohibits discrimination based on race or color? - -Civil Right Acts Of 1866 What is the financial document that contains a written promise to fulfill a certain payment? - - Promissory note What is the term used to describe the act of replacing an existing mortgage with another? - - Refinancing What...

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...

GA REAL ESTATE EXAM Prep Questions and Answers Graded A.

GA REAL ESTATE EXAM - NATURE & DESCRIPTION OF REAL ESTATE | QUESTIONS AND ANSWERS. RATED A+ Land is made up of the surface of the earth, the air space above, and A. anything affixed to the land B. all appurtenant buildings C. subsurface rights D. fixatures - -C. subsurface rights Lisa conveyed land to Katy by means of a deed which described the land but made no reference to buildings or improvements. Does this deed convey ownership of the buildings and improvements to Katy? A. Yes, be...

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - Answer Torrens System Non-judicial foreclosure is required to foreclose on a - Answer Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the neighborhood. This broker is guilty of - Answer Blockbusting What type of agency cannot be revoked by the principal, nor is terminated if the principal dies? - Answer Agency coupled with an inte...

Georgia Real Estate Commission size - ANSWER 6 members Georgia Real Estate Commission appointed by - ANSWER Governor of Georgia Georgia Real Estate Commission confirmed by - ANSWER Georgia state senate How long are each of the Georgia Real Estate Commission members' terms? - ANSWER 5 years How many members of the 6-member Georgia Real Estate commission must be real estate licensees? - ANSWER 5 Does the sixth member of the Georgia Real Estate Commission have any interest in the re...