Verified, not estimated. Every figure below is drawn from the official exam structure we maintain — question counts, passing standard and topic weighting. Practice questions are grounded in the source law with statute citations. We omit any figure we can't verify rather than guess at it.
Total questions
152
52 state + 100 national
Passing score
70
each portion
Exam time
240 min
≈ 4 hr, one sitting
Administered by
PSI Services Real Estate
Format
Closed-book
Georgia State Portion
52 questions
Leyes y Reglamentos Estatales16 Q · 31%
Unfair PracticesSubstantive RegulationsQualifications and FeesFair Housing LawsReal Estate Education, Research and Recovery FundInvestigation and Hearing ProcessCommission Organization and ProceduresRequired Licensure
Práctica de Bienes Raíces en Georgia21 Q · 40%
Real Estate PracticeSales ContractsListings and AgencyProperty ManagementCommunity Association Management
Financiamiento y Cierre15 Q · 29%
FinanceClosing Procedures
National Portion
100 questions
Titularidad de Propiedades8 Q · 10%
Real vs personal propertyLand characteristics and legal descriptions (metes & bounds, lot & block, government survey)Measuring structures and land measurementEncumbrances: liens, easements, encroachments, subsurface/air/water rightsTypes of ownership: severalty, tenants in common, joint tenancy, common-interest, trusts, business entities, life estate
Controles de Uso del Suelo4 Q · 5%
Government rights in land: taxes, special assessments, eminent domain, escheatGovernment controls on land use: zoning, building codes, environmental regulationsPrivate controls: deed conditions, CC&Rs, HOA/condo bylaws
Loan terminology: points, LTV, PMI, PITI, underwriting criteriaMortgage clauses, promissory notes, deeds of trustLoan types: conventional, amortized, ARM, FHA, VA, USDA, owner financing, reverse mortgage, HELOC, construction, bridgeLending legislation: RESPA, Truth in Lending (Reg Z), TRID, Equal Credit Opportunity ActSecondary mortgage market: Fannie Mae, Freddie Mac, Ginnie Mae
Contratos15 Q · 19%
General contract law: valid elements, Statute of Frauds, offer and acceptanceContract enforceability: void, voidable, unenforceable contractsBilateral vs unilateral contracts, option contractsElectronic signatures and digital transactionsRights, obligations, and breach remediesPurchase agreements: addenda, amendments, contingenciesLease contracts: types of leases, lease-purchase agreementsMultiple offers and counteroffers
Agencia10 Q · 13%
Agency vs non-agency relationshipsListing contracts: exclusive right-to-sell, exclusive agency, open listing, net listingBuyer brokerage and buyer representation agreementsTransaction brokers and facilitatorsPower of attorney, termination of agencyFiduciary duties: obedience, loyalty, disclosure, confidentiality, accounting, reasonable care (OLD CAR)Duties to customers and non-clientsAgency disclosure requirements and conflict of interest
Divulgaciones de Propiedad6 Q · 7%
Property condition disclosures: seller disclosure requirements, inspections, surveysRed flags and material defectsEnvironmental disclosures: lead-based paint, asbestos, radon, mold, underground storage tanksGovernment disclosures: flood zones, wetlands, endangered speciesMaterial facts and duty to disclose
Administración de Propiedades2 Q · 3%
Tenant procurement and qualificationFair housing compliance in property management and ADAMarket analysis for establishing rentsLandlord/tenant rights and obligations
Transferencia de Título5 Q · 6%
Types of deeds: general warranty, special warranty, quitclaim, bargain and saleTitle insurance: owners vs lenders policies, title searches, title problemsClosing process: recordation, settlement statements, warrantiesSpecial processes: foreclosure, short sale, deed in lieu, probate
Práctica de Bienes Raíces10 Q · 12%
Federal Fair Housing Act: protected classes, prohibited conduct, exemptionsAmericans with Disabilities Act (ADA) requirementsAntitrust laws: price fixing, group boycotts, market allocation, tie-in agreementsDo-Not-Call Registry and telemarketing rulesSocial media and internet advertising regulationsHandling earnest money and trust fundsDue diligence and fiduciary responsibilitiesIndependent contractor vs employee status
Cálculos de Bienes Raíces6 Q · 7%
Seller net proceeds calculationsBuyer funds required at closingProrations: taxes, insurance, rent, HOA duesTransfer tax and recording fee calculationsPITI (Principal, Interest, Taxes, Insurance) calculationsCommission calculations and splitsEquity, capitalization rate, and LTV calculationsDiscount points and origination feesArea and volume conversions (sq ft, acres)
Key Distinctions
Joint TenancyvsTenancy in Common
Joint tenancy includes the right of survivorship so a deceased owner's interest passes automatically to surviving owners, while tenancy in common has no survivorship right and each owner's interest passes to their heirs.
Easement AppurtenantvsEasement in Gross
An easement appurtenant benefits a specific parcel of land (dominant estate) and runs with the land, while an easement in gross benefits a specific person or entity (such as a utility company) with no dominant estate.
General Warranty DeedvsSpecial Warranty Deed
A general warranty deed warrants title against all defects throughout the entire chain of title, while a special warranty deed only warrants against defects that arose during the grantor's period of ownership.
Owner's Title Insurance PolicyvsLender's Title Insurance Policy
An owner's policy protects the buyer's equity interest up to the purchase price, while a lender's policy protects only the lender's security interest up to the outstanding loan balance and terminates when the loan is paid off.
Promissory NotevsDeed of Trust
A promissory note is the borrower's written promise to repay (evidence of the debt), while a deed of trust is the security instrument that gives the lender a lien on the property as collateral.
Bilateral ContractvsUnilateral Contract
A bilateral contract requires mutual promises from both parties (promise for a promise), while a unilateral contract involves a promise from only one party that is accepted through performance by the other party.
ClientvsCustomer
A client has an agency (fiduciary) relationship with the broker and is owed full fiduciary duties, while a customer has no agency relationship and is owed only honesty, fair dealing, and disclosure of material facts.
Under an exclusive agency listing the seller retains the right to sell the property themselves without paying a commission, while under an exclusive right-to-sell the broker earns a commission regardless of who procures the buyer.
A CMA is an opinion of value prepared by a real estate agent to assist with pricing decisions, while a formal appraisal is performed by a licensed or certified appraiser following USPAP standards and is required for lending purposes.
AddendumvsAmendment
An addendum adds terms or conditions to a contract before it is fully executed by all parties, while an amendment modifies an existing contract after all parties have already signed it.
An ARM has an interest rate that can fluctuate during the loan term based on market conditions, while a fixed-rate mortgage maintains the same interest rate for the entire loan term.
Price FixingvsMarket Allocation
Price fixing is a competitor agreement to charge the same commission rate, while market allocation is a competitor agreement to divide geographic areas or customer segments — both are antitrust violations.
Under O.C.G.A. § 43-40-20(a), a Georgia broker who does not maintain a trust account must open a designated, federally insured trust or escrow account at a Georgia financial institution within one business day of receiving trust funds.
Recovery Fund — Per-Transaction Cap (Georgia) O.C.G.A. § 43-40-22(b)
Under O.C.G.A. § 43-40-22(b), the Georgia Real Estate Education, Research, and Recovery Fund is obligated to pay no more than $25,000 per transaction, regardless of the number of persons aggrieved or parcels involved.
Recovery Fund — Per-Licensee Aggregate Cap (Georgia) O.C.G.A. § 43-40-22(b)(1)
Under O.C.G.A. § 43-40-22(b)(1), the fund's liability for all judgments against a single licensee is terminated once court-ordered payments reach an aggregate of $75,000 on behalf of that licensee.
Recovery Fund — Automatic License Revocation (Georgia) O.C.G.A. § 43-40-22(d)(6)
Under O.C.G.A. § 43-40-22(d)(6), a licensee's license is automatically revoked upon issuance of a court order authorizing payment from the fund, and a new license cannot be issued until the full amount plus interest is repaid.
Broker's Commission Entitlement from Trust Funds (Georgia) O.C.G.A. § 43-40-20(e)
Under O.C.G.A. § 43-40-20(e), a Georgia broker may not withdraw any portion of earnest money or other trust funds as commission until the transaction has been consummated or terminated.
Under O.C.G.A. § 43-40-8(d), a newly licensed Georgia salesperson must complete an additional 25-instructional-hour post-license course within one year of the issuance of the original license.
Salesperson License — Minimum Age (Georgia) O.C.G.A. § 43-40-8(b)(1)
Under O.C.G.A. § 43-40-8(b)(1), an applicant for a Georgia salesperson's license must be at least 18 years of age.
Under O.C.G.A. § 43-40-8(b)(4), a Georgia salesperson applicant must complete at least 75 instructional hours in a commission-approved salesperson course of study before sitting for the license examination.
Under O.C.G.A. § 43-40-15(i), a Georgia licensee convicted of an enumerated offense must notify the Georgia Real Estate Commission within 10 days of the conviction.
Georgia Real Estate Commission Composition O.C.G.A. § 43-40-2(a)
Under O.C.G.A. § 43-40-2(a), the Commission is composed of six members appointed by the Governor and confirmed by the Senate for five-year terms; five must be licensees and one must be a consumer-interest representative with no industry connection.
Special Assessment
A one-time charge levied against specific properties that benefit from a public improvement (such as new sidewalks, street paving, or sewer installation), distinct from recurring general property taxes.
Remainderman
The party designated to receive a property in fee simple upon the termination of a life estate when the remainder passes to a third party rather than reverting to the original grantor.
Easement in Gross
An easement that benefits a specific person or entity (such as a utility company) rather than a parcel of land; there is no dominant estate.
Under IRC § 3508, a real estate salesperson qualifies as an independent contractor if they hold a current real estate license, are compensated based on sales production rather than hours worked, and have a written agreement with the broker stating they will not be treated as an employee.
APR (Annual Percentage Rate)
Under the Truth in Lending Act (Regulation Z), the APR includes the stated interest rate plus other loan costs such as points and origination fees, expressed as a yearly rate to reflect the loan's true total cost.
Reverse Mortgage
A loan product available to homeowners age 62 or older that converts home equity into cash without monthly payments; the loan is repaid when the home is sold or the borrower no longer occupies it.
