Georgia real e - Study guides, Class notes & Summaries

GEORGIA REAL ESTATE SALESPERSON **BARNEY FLETCHER** - Q&A

Accession - Answer The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre - Answer A measure of land area equal to 43560 square feet. 43560 - Answer The number of squarefeet in one acre. Active License - Answer Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license is held by a broker, rather ...

Intangible taxes are charged against the amount new funds burrowed by the buyer (less any part of the seller's loan assumed by the buyer). Alex bought a condo for $110,750 and put $11,500 down. What would the intangible recording tax be? $110,750 - $11,500= $99,250 in new debt/ 500= $198.50 (round up to $199) x $1.50= $298.50 Dain and Sherly's home sold for $751,150. They owe $675,900 on their mortgage. What will their net be after they pay $24,500 in expenses and a 6.8% commission? C...

Which of the following would NOT be a violation of the Georgia License Law? A) Falsifying a document used in a real estate transaction B) Failing to advise your broker in writing when buying or selling property for yourself C) Failure to give a copy of a signed offer to the purchaser D) Failure to put a street adress in a legal description - ANSWER D) Failure to put a street adress in a legal description A broker was found guilty of commingling. The Real Estate Commission shall have the...

Georgia Real Estate Exam Rated A+ personal property ️are the items the seller can load into the van when moving after the sale chattels personal ️refers to cars, boats, furniture, clothes, stocks, money and tools chattels real ️items that extend to owner an interest in real property; leases, mortgages, contracts to purchase and options deed ️is how real property is transferred bill of sale ️how personal property is transferred real estate ️consists of land itself plus t...

Georgia Real Estate Exam Study Guide All Answers Correct Accession ️The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre ️A measure of land area equal to 43560 square feet. 43560 ️The number of squarefeet in one acre. Active License ️Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license ...

Study Guide Questions and Answers with Key Terms for Georgia Real Estate Exam Revision.

Which of the following are appointed by the governor? A. Members of the Georgia Real Estate Commission. B. The Real Estate Commissioner. C. Real estate instructors. D. Georgia Real Estate Commission employees. - ANSWER >> CORRECT ANSWER IS: A >> YOUR ANSWER IS: A Members of the Georgia Real Estate Commission are appointed by the governor. The Real Estate Commissioner is an employee hired by the Real Estate Commission. All employees of the commission must be unlicensed or ina...

Georgia Real Estate Exam Questions & Answers People who sell real estate for others.... - Ans ️️ must be licensed in order to collect compensation who can be licensed as a real estate broker? - Ans ️️ a corporation, a partnership, an actual person what is not a real estate license catergory - Ans ️️ attorney in fact a real estate listing is a contract between - Ans ️️ the owner and the listing broker the ultimate responsibility foramistake in a document prepared by a real ...