Free Georgia Property Practice Test — LicenseIQ

Question 1

A built-in dishwasher attached to the cabinetry is best classified as:

Accepted Answer

Once personal property is permanently attached to real estate it becomes a fixture and is treated as real property. A trade fixture is installed by a tenant for business use, which is not the case here.

Question 2

An unlicensed employee of a broker may show rental units and execute leases without a license when:

Accepted Answer

Section 43-40-29(a)(10) permits these limited tasks only under a written management agreement and the broker's written authorization, with the broker responsible.

Question 3

A special warranty deed warrants title only against defects that:

Accepted Answer

Special (limited) warranty deeds protect only against problems created during the grantor's ownership; general warranty deeds cover the entire history.

Question 4

For a deed to be valid it must be:

Accepted Answer

Transfer requires a valid deed signed by the grantor and delivered to and accepted by the grantee. Recording gives constructive notice but is not required for validity between the parties.

Question 5

A property manager authorized to collect rents, sign leases, hire contractors and run the owner's buildings on an ongoing basis is typically a:

Accepted Answer

A general agent handles a range of matters in a continuing relationship (typical of property management). A listing agent is a special (limited) agent for one transaction.

Question 6

The reasonably probable use of a property that is legally permissible, physically possible, financially feasible and maximally productive is its:

Accepted Answer

Highest and best use is the use producing the greatest value that meets the four tests.

Question 7

Under the 2024 amendments to §10-6A-10, a residential brokerage engagement that purports to create a recordable lien on the owner's property is:

Accepted Answer

Since January 1, 2024, brokerage engagements may not create a recordable lien or run with the land, outside narrow commercial exceptions. A recorded lien of that kind is void and requires no release.

Question 8

In a deed, the party conveying title is the ____ and the party receiving title is the ____.

Accepted Answer

The seller (grantor) conveys to the buyer (grantee). A deed is the document; title is the ownership rights it transfers.

Question 9

Georgia's real estate transfer tax is approximately:

Accepted Answer

The transfer tax is $1 for the first $1,000 plus 10 cents per additional $100, or about $1 per $1,000. The $1.50 per $500 rate is the intangible recording tax.

Question 10

A lender's title insurance policy protects:

Accepted Answer

A lender's (mortgagee's) policy protects the lender's interest up to the loan amount and declines as the loan is paid. An owner's (fee) policy protects the owner.

Question 11

When a tenant in common dies, that owner's share:

Accepted Answer

Tenancy in common has NO right of survivorship, so a deceased co-owner's interest passes by will or to heirs. Automatic passage to co-owners describes joint tenancy.

Question 12

The deed clause that defines the extent of the estate granted, often beginning 'to have and to hold,' is the:

Accepted Answer

The habendum clause defines the estate conveyed; the granting clause contains the words of conveyance.

Question 13

A licensee wants to advertise a property listed by another firm. What is required?

Accepted Answer

Rule 520-1-.09(3) requires written permission and clear disclosure of the listing firm's name unless waived in writing.

Question 14

Under the Code of Ethics, a REALTOR who wants to buy a property listed with his own firm must:

Accepted Answer

REALTORS must disclose in writing their licensed status and any interest when buying or selling property for themselves or family.

Question 15

A property is assessed at $280,000 and the tax rate is 22 mills. What is the annual tax?

Accepted Answer

1 mill = $1 per $1,000. $280,000 / 1,000 = 280; 280 x 22 = $6,160.

Question 16

A listing agreement in which the broker earns a commission regardless of who sells the property is a(n):

Accepted Answer

In an exclusive right-to-sell listing, the listing broker earns a commission no matter who procures the buyer, even the owner. (Reclassified to section 6 / CORE.)

Question 17

A home is assessed at $312,000 with a tax rate of 2.25%. What is the QUARTERLY tax payment?

Accepted Answer

Annual tax = $312,000 x 0.0225 = $7,020; quarterly = $7,020 / 4 = $1,755.

Question 18

A deed that conveys only whatever interest the grantor has, with no warranties, is a:

Accepted Answer

A quitclaim deed conveys the grantor's interest, if any, with no warranties - often used to clear clouds on title.

Question 19

Which deed provides the GREATEST protection to the grantee?

Accepted Answer

A general warranty deed contains the fullest covenants, warranting title against all defects, including those arising before the grantor owned it.

Question 20

The instrument most commonly used to secure a Georgia home loan is a:

Accepted Answer

Georgia uses the security deed, under which the borrower conveys title to the lender as security, making Georgia a title theory state.

Question 21

A buyer asks a listing agent whether a former occupant had HIV. How should the agent respond?

Accepted Answer

The duty to answer truthfully does not apply where answering would violate federal or Georgia fair housing law. A person's HIV status is treated as a disability under fair housing law.

Question 22

A licensee is buying a property listed with another firm for his own home. GREC rules require him to:

Accepted Answer

Rule 520-1-.06(4)(a) requires a licensee buying or selling as a principal to disclose that status and insert a clause in the contract.

Question 23

The Georgia Property Owners' Association Act governs a subdivision's HOA when:

Accepted Answer

The POA Act applies only to communities whose declaration expressly submits to it.

Question 24

Georgia residential property is assessed for ad valorem tax purposes at what percentage of fair market value?

Accepted Answer

Georgia assesses property at 40% of FMV, and exemptions come off that assessed value.

Question 25

An ad for a specific listed property in Georgia must include:

Accepted Answer

Rule 520-1-.09(7) requires the registered firm name and a firm phone number in ads for specific property.

Georgia real estate property practice test

1. A built-in dishwasher attached to the cabinetry is best classified as:

2. An unlicensed employee of a broker may show rental units and execute leases without a license when:

3. A special warranty deed warrants title only against defects that:

4. For a deed to be valid it must be:

5. A property manager authorized to collect rents, sign leases, hire contractors and run the owner's buildings on an ongoing basis is typically a:

6. The reasonably probable use of a property that is legally permissible, physically possible, financially feasible and maximally productive is its:

7. Under the 2024 amendments to §10-6A-10, a residential brokerage engagement that purports to create a recordable lien on the owner's property is:

8. In a deed, the party conveying title is the and the party receiving title is the .

9. Georgia's real estate transfer tax is approximately:

10. A lender's title insurance policy protects:

11. When a tenant in common dies, that owner's share:

12. The deed clause that defines the extent of the estate granted, often beginning 'to have and to hold,' is the:

13. A licensee wants to advertise a property listed by another firm. What is required?

14. Under the Code of Ethics, a REALTOR who wants to buy a property listed with his own firm must:

15. A property is assessed at $280,000 and the tax rate is 22 mills. What is the annual tax?

16. A listing agreement in which the broker earns a commission regardless of who sells the property is a(n):

17. A home is assessed at $312,000 with a tax rate of 2.25%. What is the QUARTERLY tax payment?

18. A deed that conveys only whatever interest the grantor has, with no warranties, is a:

19. Which deed provides the GREATEST protection to the grantee?

20. The instrument most commonly used to secure a Georgia home loan is a:

21. A buyer asks a listing agent whether a former occupant had HIV. How should the agent respond?

22. A licensee is buying a property listed with another firm for his own home. GREC rules require him to:

23. The Georgia Property Owners' Association Act governs a subdivision's HOA when:

24. Georgia residential property is assessed for ad valorem tax purposes at what percentage of fair market value?

25. An ad for a specific listed property in Georgia must include:

Sources