Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

MIDTERM EXAM

Practice Exam

QuestionAnswer
All of the following are requirements for obtaining a Georgia real estate salesperson’s; license, Except: At least 21 years old
Instate succession of real property will occur if the property’s owner’s Died without executing a valid will
The instrument used to transfer possession of personal property is a: Bill of sale
A right or privilege associated with ownership of a piece of real property is a/an: Appurtenance
A contract with an unlawful purpose is Void
Agents sometimes find potential buyers while on floor duty. Floor duty is the practice of: assigning one agent to handle all the telephone calls and brokerage office visits for a period of time
Which of the following estates is a freehold estate? Fee estate
The owner of a property with a condition subsequent: has a qualified fee simple
A tenancy in common can terminate by: Th mutual agreement or partition action
A buyer and seller enter into a purchase and sale agreement that specifies that specifies that the buyer has days to obtain financing. Through no fault of the buyer, it becomes impossible to obtain a loan commitment from a lender within the prescribed per Amendment
P enters int a purchase and sales agreement with Seller H. Shorty thereafter, a title search reveals that H will not be able to deliver marketable title to P because there are some title defects that cannot be corrected. P demands that her earnest mone Take no action until the buyer and seller have reached an agreement on the disposition of the earnest money
The Real estate Commissioner: Is elected to a four – year term
The land description method that makes reference to sections, townships, andn ranges is the Government survey method
A broker sells the house that he owns to another person. The broker represented himself in the sale and disclosed the fact that he is a broker to the buyer and put this in writing. Later that month, the broker represents a buyer and a seller in the sale No, because there is no violation
Broker Williams has a listing o Falk’s house. After an offer has been presented and accepted and delivered back to the buyer ad buyer’s agent, a latter offer arrives with a better price than the first. What should Broker Williams do? Broker… Should inform the second offer that his offer will be presented if and when the first offer falls through
An offer to purchase becomes a counter-offer when the seller, having received the offer, responds by changing: Anything on the original offer
A broker receives more that bona fide offer on a property, at approximately the same time. The broker should present: All offers
Two men are joint tenants. One of the men sells his interest to another person. What is the remaining man’s relationship in the new tenant regarding the property? Tenants in common
A lien that arises as the result of a judgement, estate or inheritance taxes, a decedent’s debts, or federal taxes is what type of lien? Specific
An item of functional obsolescence is considered incurable is the value of the property decreases after the repair
Agents sometimes find potential buyers while on floor duty is the practice of: Assigning one agent to handle all the telephone calls and brokerage office visits for a period of time
The owner of a property with a condition subsequent: Does not own the land
A tenancy in common can terminate by: Mutual agreement or partition action
Which is the following estates is a freehold estate? Fee estate
An easement created by long, continuous, apparent, and non-permissive use would be as easement by: prescription
The land description method that makes reference to sections, townships and ranges is the: Government surety method
T owns an interest in a cooperative, T receives which of the following? Stock in a corporation
An estate in real estate: Must include title for the builder of the estate
An agency terminates because the Buyer’s agent helps the buyer to successfully purchase a home. The agency terminates because of : Fulfillment of purpose
A federal law that pertains to loan transactions, including residential, real estate loans and prohibits discrimination based on race, color, religion, national origin, sex or material status, or because the applicant receiving public assistance, is the: Equal Credit Opportunity Aid
P enters into a purchase and sale agreement with Seller H. Shortly thereafter, a title search reveals that H will not be able to deliver marketable title to P because there are some title defects that cannot be corrected. P demands that her earnest money Take no action until the buyer and seller have reached an agreement on the disposition of the earnest money
A broker receives more than one bona fide offer on a property, at approximately the same time. The broker should present: all offers
Jim gives a life estate to Sarah, in which she will keep her estate interest as long as Carl is alivce. When Carl dies, title wil pass to Mark, the reaminerman. Sarah's interest is best described as a / an: Life estate autre vic
How is real property most different from personal property? Diffenent method of transfer of title.
Two friends entrant a six-months oral lease. If one friend defaults, the other may
Created by: Mz Jade