Georgia Real Estate Exam

"Property Ownership Study Brief Key Concepts Real vs Personal Property Real property: Land and anything permanently attached (fixtures, buildings, trees, mineral rights) Person..."

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"Land Use Controls Study Brief Key Concepts #Government Rights in Land (Police Powers) Property Taxes Ad valorem taxes based on assessed property value Create automatic liens ..."

"Valuation and Market Analysis Study Brief Key Concepts Appraisal Requirements: Federally-related transactions require licensed/certified appraisers for loans over $250,000 Sta..."

"Financing Study Brief Key Concepts Loan Terminology: Points: 1 point = 1% of loan amount. Discount points buy down interest rate; origination points cover lender costs LTV (Lo..."

"Georgia Real Estate Exam: Contracts Study Brief Key Concepts Valid Contract Elements (CLOCA) Competent parties: All parties must have legal capacity (18+ years, mentally compe..."

"Georgia Real Estate Agency Study Brief Key Concepts Agency vs Non-Agency Relationships Agency: Fiduciary relationship where agent represents client's interests with full dutie..."

"Property Disclosures Study Brief Key Concepts Seller's Property Disclosure Statement (SPDS) Required for all residential sales (1-4 units) in Georgia under O.C.G.A. § 44-1-16 ..."

"Property Management Study Brief Key Concepts #Tenant Procurement and Qualification Application Process: Property managers must establish consistent screening criteria includin..."

"Transfer of Title Study Brief Key Concepts Types of Deeds General Warranty Deed: Provides the strongest protection with six covenants covering the entire chain of title. The g..."

"Practice of Real Estate Study Brief Key Concepts Federal Fair Housing Act Protected Classes (Title VIII) Race, color, religion, sex, national origin, familial status, handicap..."

"Real Estate Calculations Study Brief Key Concepts Seller Net Proceeds = Sale Price (Commission + Closing Costs + Loan Payoff + Prorations) Buyer Funds Required = Down Payment..."

"Georgia Real Estate State Laws and Rules Study Brief Key Concepts Georgia Real Estate Commission (GREC) Authority GREC operates under O.C.G.A. Title 43, Chapter 40 and GAC Rul..."

"Georgia Real Estate Practice Study Brief Key Concepts Real Estate Practice Georgia Real Estate License Law (O.C.G.A. § 43-40-1 et seq.) governs all real estate activities Only..."

"Georgia Real Estate Exam Study Brief: Finance and Closing Key Concepts Financing Types and Requirements Conventional loans require 3-20% down payment and meet conforming loan ..."