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GEORGIA REAL ESTATE 2025 NEWEST FINAL EXAM STUDY GUIDE
QUESTIONS BANK
COMPLETE ACCURATE QUIZZES WITH VERIFIED ANSWERS
"Active License - CORRECT 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 than by the Commission."
"Air Lot - CORRECT ANSWER A designated air space over a parcel of land. In condominiums,
each individual unit occupies a separate one."
"Air Rights - CORRECT ANSWER The right to use and enjoy the air space above a parcel of land.
Such rights may be leased or sold separately from the land."
"Appurtenance - CORRECT ANSWER Anything that may be used with the land for its benefit
and goes to the new owner when ownership of the land is transferred. Mineral rights, air rights, water rights, easements, improvements, and natural attachments are examples."
"Artificial Monuments - CORRECT ANSWER Man-made objects such as streets, fences, iron
pins, concrete posts, etc."
"Associate Broker - CORRECT ANSWER A person who has met all qualifications to be licensed
as a broker, but who elects to act on behalf of another broker in performing any act authorized by law to be performed by a broker."
"Attorney General - CORRECT ANSWER Legal counsel for the state. Whenever the
Commission believes a serious violation of the License Law has occurred, the ____________ may bring an action in the name of the state to enforce compliance."
"Baseline - CORRECT ANSWER Certain reference lines which run east and west; used in
rectangular survey system to locate land."
"Call - CORRECT ANSWER The compass direction and distance for each boundary line."
"Censure - CORRECT ANSWER Disciplinary power of the Commission whereby it reprimands a
licensee, usually for technical violations occurring for the first time."
"Chattel - CORRECT ANSWER Personal property."
"Closure - CORRECT ANSWER The metes and bounds legal description must return to the
point of beginning or the description is incomplete."
"Co-brokering - CORRECT ANSWER Participation of more than one broker in a real estate
transaction."
"Commingling - CORRECT ANSWER Mixing funds held in trust with the brokers personal or
business accounts."
"The Real Estate Commission - CORRECT ANSWER The state licensing authority charged with
the enforcement of the Real Estate License Law."
"Constructive Severance - CORRECT ANSWER The transfer to someone other than the owner
of the land the rights to remove attachments such as timber, or buildings, or the right to remove minerals."
"Contour - CORRECT ANSWER The shape of the earths surface."
"Datum - CORRECT ANSWER A point of surface of known location from which heights and
depths are measured. The basic point from which vertical land(air rights and mineral rights) is described."
"Emblements - CORRECT ANSWER Crops that require annual cultivation. They are considered
personal property even though it is attached to the land."
"Escrow Account - CORRECT ANSWER A separate account which a broker must maintain for
the deposit of all funds coming into his/her possession that belongs to others. Before a broker's license will be issued, the broker must authorize the Commission to examine the account at any time."
"Executor - CORRECT ANSWER Person named in a will to carry out the directions and requests
of the deceased."
"Fixture - CORRECT ANSWER An item that was once personal property but has become real
property because of the manner in which it was attached to the land or its improvements."
"Personal Property - CORRECT ANSWER Anything of a movable nature capable of being
owned that is not considered real property. Also known as personality or chattel."
"Plat of Survey - CORRECT ANSWER A map or drawing that shows the location and boundaries
of a land parcel, and in some cases, how the land is subdivided into lots. Also called a Plat Map."
"Point of Beginning - CORRECT ANSWER The starting point at one corner of a parcel of land
described in a metes and bound legal description."
"Portable Water - CORRECT ANSWER Water which is pure enough to drink."
"Principal - CORRECT ANSWER Also called Client. One who employs an agent to represent
him/her."
"Principal Meridian - CORRECT ANSWER One of the north-south reference lines used in the
rectangular survey to locate land."
"Range - CORRECT ANSWER A six mile wide strip of land running north-south in a the
rectangular survey system."
"Real Estate - CORRECT ANSWER Land and attachments on it plus the rights to own and use
them. Also known as real property or realty."
"Real Estate Commissioner - CORRECT ANSWER Full time employee of the Commission who
serves as its chief administrator. Because of the commissioner's oath to faithfully discharge the duties of the office, the commissioner can have no interest in a real estate company or other related business."
"Recorded Plat - CORRECT ANSWER A plat or map showing the location and boundaries of
individual parcels of land that is filed in the public records in the county where the property is located."
"Rectangular Survey System - CORRECT ANSWER A method of legally describing the surface of
the land based upon a grid system formed by principal meridians, baselines, range lines, and township lines. Also know as the government survey system."
"Reinstatement Fee - CORRECT ANSWER A charge to reinstate a lapsed license."
"Revocation - CORRECT ANSWER Disciplinary action by the Commission to take a license away
from the licensee."
"Right of Lateral Support - CORRECT ANSWER The right which protects the natural support of
adjacent land in mining operations to extract minerals from below the surface of the earth."
"Riparian Rights - CORRECT ANSWER A landowner's right to use and enjoy the water from a
river, stream or lake which adjoins the owned land."
"Section - CORRECT ANSWER A parcel of land in the rectangular survey system that is one mile
square and contains six hundred forty acres (640)."
"Severance - CORRECT ANSWER To remove something from the land such as minerals or
timber."
"Situs - CORRECT ANSWER Location; refers to people's preference for a given location. Area
preference."
"Spot Survey - CORRECT ANSWER The process of locating the exact boundaries, shape and
area of a parcel of land."
"Topographic Map - CORRECT ANSWER A map that shows the elevations of the earth's
surface. Also called a Contour Map."
"Topography - CORRECT ANSWER The nature or shape of the earth's surface, such as hills,
valleys, level, or rolling. Also called Contour."
"Township - CORRECT ANSWER A parcel of land in the rectangular survey system that is six
miles square."
"Trade Fixture - CORRECT ANSWER An item of personal property attached to the land or
building leased by a tenant who uses the item in a trade or business."
"Water Rights - CORRECT ANSWER A Landowners right to use and enjoy water adjacent to,
underneath, or on the land."
"Water Table - CORRECT ANSWER The level at which percolating water is found below the
earth's surface."
"Easement in Gross - CORRECT ANSWER A legal right to use the land of another. It involves
only one parcel of land and does not benefit any particular property. There are two types: commercial and personal."
"Encroachment - CORRECT ANSWER The illegal intrusion of an improvement, building or
other attachment onto a neighboring land or into its airspace."
"Encumbrance - CORRECT ANSWER Anything which affects the fee simple title or the use of
land such as liens, easements, restrictions and encroachments."
"Escheat - CORRECT ANSWER A government right for land to go back to the state when the
owner dies without leaving a will and without heirs."
"Estate at Sufferance - CORRECT ANSWER An interest in real property held by a tenant who
holds over without the consent of the landlord after the tenant's right of possession has terminated."
"Estate for Years - CORRECT ANSWER A tenant's interest in real property
(leasehold estate) for a fixed period of time."
"Estate from Period to Period - CORRECT ANSWER A tenant's interest in real property
(leasehold estate) for a certain period of time. Without proper notice the period is automatically renewed."
"Estate - CORRECT ANSWER The quality, quantity, nature and extent of ownership interest or
rights a person holds in real property. __________s are either possessory or nonpossessory."
"Freehold Estate - CORRECT ANSWER An ownership interest in land, the duration of which is
uncertain. The estate may last forever (i.e., be inheritable), or its duration may be measured by one person's life."
"Future Right - CORRECT ANSWER The right to take possession or control of a property in the
future (nonpossessory)."
"General Lien - CORRECT ANSWER A lien against all of the property owned by the debtor."
"Holdover Tenant - CORRECT ANSWER A tenant who remains in possession of leased
premises after their right of possession has ended. Possession may be with or without the landlord's consent."
"Homestead Protection - CORRECT ANSWER A right which protects a portion of a family's
primary residence in the event a creditor forces a sale to satisfy an outstanding debt. The amount of protection is determined by state law."
"Impounds - CORRECT ANSWER Monthly payments of taxes and insurance collected by the
lender to assure payment of these items when they become due."
"Inchoate Dower - CORRECT ANSWER A wife's interest in her husband's property while he is
still living."
"Incorporeal - CORRECT ANSWER An intangible interest in land, such as an easement."
"Ingress - CORRECT ANSWER Access to a parcel of land."
"Inheritance Tax - CORRECT ANSWER Tax on property received by will or by inheritance
through the probate court."
"Laches - CORRECT ANSWER Undue delay or failure to exercise one's legal right, resulting in
the loss of the ability to exercise the right."
"Landlocked - CORRECT ANSWER Land which has no means of access except over neighboring
land."
"Leasehold Estate - CORRECT ANSWER A tenant's rights in real property granted to them by a
lease."
"Legal Life Estate - CORRECT ANSWER A life estate created by state law, the holder of which
has a nonpossessory interest in real property. Legal life estates include dower, curtesy and homestead protection."
"Lesser Estate - CORRECT ANSWER Lesser Estate • Chapter 2 • An estate is created when a
portion of ownership rights"
"Release - CORRECT ANSWER The act of relinquishing a right or claim to real estate. A
________ is often accomplished by use of a quit-claim deed."
"Remainder Estate - CORRECT ANSWER An estate in which the right of possession comes into
being upon the termination of a lesser estate, such as a life estate. The right of future possession is vested in someone other than the grantor of the lesser estate."
"Remainderman - CORRECT ANSWER One who holds a right of future possession. The person
named by the grantor to receive the fee simple estate upon termination of a lesser estate."
"Right of Entry - CORRECT ANSWER The right to resume fee simple ownership through court
action, or to terminate a fee simple estate on a condition subsequent, upon the occurrence of a stated condition."
"Run with the Land - CORRECT ANSWER The automatic transfer of certain rights or
encumbrances in real property when title is conveyed."
"Satisfaction Piece - CORRECT ANSWER Evidence from a creditor that a judgment, mortgage,
or other lien has been paid in full. The ___________ _______ should be recorded to remove the cloud on the title created by the lien."
"Servient Estate - CORRECT ANSWER A parcel of land over which an easement runs."
"Special Assessment - CORRECT ANSWER A tax levied against real estate to pay for
improvements which benefit only the property taxed. Assessments are generally made for such improvements as street lights, sewers, sidewalks or curbs."
"Specific Lien - CORRECT ANSWER A lien against only one property."
"Vendee's Lien - CORRECT ANSWER A buyer's lien against the property of a seller who
defaulted on a contract to sell."
"Vendor's Lien - CORRECT ANSWER Also known as a purchase money mortgage or seller's lien.
When a seller finances part of the purchase price and the purchaser pledges the property as security for the debt, the seller holds a __________ ______ against the property."
"Tenements - CORRECT ANSWER Things permanently attached to land and are immovable by
law."
"Beneficiary - CORRECT ANSWER One for whom title is held under a trust and is entitled to
receive income from the trust."
"C, C&R's - CORRECT ANSWER Covenants, conditions and restrictions which regulate the use
of property held under condominium ownership and other subdivisions."
"Common Elements - CORRECT ANSWER Those areas in a condominium that each unit owner
has the right to use in common with the other owners. Examples include land, buildings, recreational and parking areas, and other improvements."
"Cooperative - CORRECT ANSWER A form of concurrent ownership of a multiple unit building
in which a corporation holds title to the land and improvements. Each unit owner buys stock in the corporation for the exclusive right to use a particular unit for the life of the corporation. The unit owner is assured of this right through a proprietary lease."
"Co-owner - CORRECT ANSWER One who owns an interest in property simultaneously with
another. Also known as co-tenant."
"General Partnership - CORRECT ANSWER A type of partnership which allows each partner to
participate in the management of the business but holds the partners jointly and personally liable for obligations incurred by the partnership."
"Joint Tenancy - CORRECT ANSWER A form of concurrent ownership involving only one title
that is shared equally by the co-owners. Upon the death of a co-owner, the decedent's interest passes usually to the remaining co- owners."
"Joint Tenant - CORRECT ANSWER One who co-owns property in joint tenancy."
"Joint Venture - CORRECT ANSWER A partnership formed for the purpose of carrying out a
particular business project without an intent to establish a permanent business relationship."
"Land Trust - CORRECT ANSWER A trust in which the beneficiary retains control over the
property held by the trustee. The trustee's duty is simply to sign at the beneficiary's request all documents which are necessary to convey, mortgage, or lease the property."
"Tenancy in Partnership - CORRECT ANSWER A form of concurrent ownership in which title is
held by either a general or limited partnership in a registered trade name."
"Testamentary Trust - CORRECT ANSWER A trust created by will."
"Time-sharing - CORRECT ANSWER A special form of condominium ownership which allows
multiple owners to use (share) the same unit but during different specified times each years."
"Trust - CORRECT ANSWER An arrangement in which title to property is held by a trustee on
behalf of a beneficiary."
"Trustee - CORRECT ANSWER A person or institution which holds title to property for the
benefit of another under specific instructions for the use and disposition of that property."
"Trustor - CORRECT ANSWER One who creates a trust by conveying title to a trustee."
"Undivided Interest - CORRECT ANSWER An ownership interest in the entire property as
opposed to ownership of a specific portion or separate part of the property."
"Unities of Joint Tenancy - CORRECT ANSWER In order to create
_________________________ most states require that four events occur simultaneously. First, all joint tenants must acquire their interest at the same TIME. Second, all co- owners must share the same TITLE to the property. Next, all co-owners must share equal INTEREST. Finally, each co-owner must have the equal right of POSSESSION."
"Absolute Delivery - CORRECT ANSWER A grantor's hand delivery of a deed to the grantee."
"Abstract of Title - CORRECT ANSWER A condensed history of all conveyances, liens,
encumbrances, judgments, and other court decisions affecting the property."
"Action to Quiet Title - CORRECT ANSWER A court action to settle a title dispute or clear a title
of defects."
"Actual Notice - CORRECT ANSWER Knowledge that one acquires from what is heard, read or
observed."
"Administrator - CORRECT ANSWER A person appointed by a probate court to oversee
distribution of property and to satisfy all debts out of the assets of the estate of a person who died without leaving a valid will or did not name an executor."
"Administrator's Deed - CORRECT ANSWER A deed executed by an administrator to convey
title to real property owned by a person who died intestate or did not name an executor."
"Adverse Possession - CORRECT ANSWER A method of acquiring title to real property by the
unauthorized occupation of another person's land. Must be actual, hostile, open, notorious, exclusive, and continuous for a period of time required by state law."
"After Acquired Title, Doctrine of - CORRECT ANSWER A principle of law which enables a prior
grantee to automatically acquire title to real estate after a grantor has attempted to convey title but, in fact, did not have good title."
"Alluvion - CORRECT ANSWER A form of accretion where soil is gradually accumulated on land
bounded by a river, lake, or other body of water as a result of action of the water."
"Alluvium - CORRECT ANSWER Soil accumulated by the process of alluvion."
"Bargain and Sale Deed - CORRECT ANSWER A deed which contains neither expressed nor
implied warranties of title, but the grantor implies ownership of the property described in the deed."
"Bequest - CORRECT ANSWER Personal property received by will."
"Certificate of Title - CORRECT ANSWER A title examiner's written opinion of the current
condition of a property title based on a search of the public records dating back for a specified number of years."
"Chain of Title - CORRECT ANSWER The recorded history of conveyances affecting a property's
title beginning with the original patent or grant from the government and continuing to the current owner."
"Cloud on the Title - CORRECT ANSWER Any claim, lien, or encumbrance that impairs title to
real estate."
"Codicil - CORRECT ANSWER A written instrument executed for the purpose of amending an
existing will."
"Deed of Teformation - CORRECT ANSWER A deed which corrects an error in another deed."
"Deed of Trust - CORRECT ANSWER A deed used in many states in lieu of a mortgage. Title is
held by a trustee on behalf of a lender (beneficiary) until the borrower (trustor) repays the loan."
"Dereliction - CORRECT ANSWER A process of accretion whereby usable land is gradually
exposed when a body of water receded and remains below its normal waterline."
"Devise - CORRECT ANSWER A gift of real property by will."
"Devisee - CORRECT ANSWER A person named to receive real property by will."
"Devisor - CORRECT ANSWER A person who disposes of real property by will."
"Erosion - CORRECT ANSWER The gradual wearing away of land caused by the action of water
or wind."
"Exception - CORRECT ANSWER A deed provision which excludes from the conveyance some
portion of the property granted."
"Executor's Deed - CORRECT ANSWER A deed executed by an executor to convey title to real
property owned by a decedent who left a valid will."
"Foreclosure Sale - CORRECT ANSWER A court-ordered proceeding to sell property to satisfy
certain debts of the owner."
"Formal Will - CORRECT ANSWER A typed or preprinted will usually prepared by an attorney.
The instrument must comply with state requirements and be properly witnessed."
"Gift Deed - CORRECT ANSWER A deed in which the consideration is love and affection. Such
deeds are normally used to make a gift of real property to a relative or friend. Sometimes called a voluntary deed."
"Grant Deed - CORRECT ANSWER A deed in which the covenant of seizin and covenant against
encumbrances are implied by statute when the word grant is used in the words of conveyance. Used in some states instead of a warranty deed."
"Grantee - CORRECT ANSWER A person to whom an interest in real estate is conveyed."
"Granting Clause - CORRECT ANSWER A deed provision whereby the grantor clearly expresses
the intent to make a present conveyance to the grantee also called Words of Conveyance."
"Grantor - CORRECT ANSWER A person or legal entity that conveys an interest in real property
by deed."
"Grantor-grantee Index - CORRECT ANSWER A public recording system which lists
alphabetically all grantors and grantees named in documents recorded for each calendar year. A separate index book is maintained for grantors and grantees so the book and page number of a document can be located by searching under either name."
"Guardian's Deed - CORRECT ANSWER A deed executed by a court-appointed guardian to
convey title to property owned by a minor, insane person, or the aged."
"Habendum Clause - CORRECT ANSWER A deed provision which defines the extent of
ownership rights granted, such as a life estate, a fee simple estate, or an easement. Usually part of the granting clause."
"Holographic Will - CORRECT ANSWER A will written, dated and signed in the testator's
handwriting which need not be witnessed"
"Intestate - CORRECT ANSWER To die without a will or having left an invalid will."
"Involuntary Alienation - CORRECT ANSWER A transfer of title to real property without the
owner's consent."
"Last Will and Testament - CORRECT ANSWER A person's written or oral declaration of
arrangements to be made for the disposition of real and/or personal property owned at the time of death."
"Laws of Descent and Distribution - CORRECT ANSWER State laws which transfer property to
the heirs of a person who dies without leaving a valid will. Also known as laws of succession."
"Laws of Succession - CORRECT ANSWER State laws which transfer property to the heirs of a
person who dies without leaving a valid will. Also known as laws of descent and distribution."
"Legacy - CORRECT ANSWER A gift of personal property by will. A bequest."
"Torrens System - CORRECT ANSWER A system of title registration which lists all ownerships
and encumbrances in a court. Title search is made easier since no claim is effective until recorded in this system."
"Tract Index - CORRECT ANSWER A public recording system which assigns a map reference
number to each parcel of land in the county. By locating a parcel on the map, the reference number will guide a title examiner to a page which lists the book and page numbers of all recorded documents relating to that particular parcel."
"Voluntary Alienation - CORRECT ANSWER A transfer of title to real property initiated by the
owner."
"Warranty Deed - CORRECT ANSWER A deed which guarantees good title through the
expressed or implied covenant of seizin, covenant against encumbrances, covenant of quiet enjoyment, covenant of warranty forever, and the covenant of further assurances. Depending on the extent of the grantor's liability, the deed may be either general or special."
"Ad Valorem Tax - CORRECT ANSWER A tax assessed against real property based upon its
value. Revenue from such taxes is used to pay for the general operational expenses of the taxing authority."
"Assessment Roll - CORRECT ANSWER A record of all taxable properties in a taxing
jurisdiction, along with their assessed value. Also called Tax Base."
"Board of Equalization - CORRECT ANSWER A state authority whose function is to apply
equalization factors to assessed values of properties located in counties which use different assessment rates. The purpose of this procedure is to assure fair and equitable treatment of taxpayers required to pay a state ad valorem tax."
"Buffer Zone - CORRECT ANSWER A parcel of land which separates other land used for
different purposes. For instance, a playground may be used as a ______ ____ to separate residential property from commercially used land."
"Building Codes - CORRECT ANSWER Regulations, either local or state, which set construction
standards for materials, methods and safety procedures."
"Certificate of Occupancy - CORRECT ANSWER Authorization from a building inspector that
construction has been completed in compliance with building codes and is ready for occupancy."
"Civil Rights Act of 1866 - CORRECT ANSWER The first federal legislation intended to prohibit
racial discrimination in the sale or rental of all types of property."
"Enabling Legislation - CORRECT ANSWER A law or statute enacted by any government body
which enables (makes legal) some practice not previously authorized. A condominium law enacted by a state legislature is an example of ______________ ___________."
"Equalization Factor - CORRECT ANSWER A mathematical factor used to adjust assessed
values of properties in differing taxing jurisdictions. The ___________ _______ is multiplied by the assessed value. This procedure is normally used when states charge an ad valorem tax based upon local assessed values determined by using different assessment rates."
"Fair Housing Act of 1968 - CORRECT ANSWER Title VIII of the Federal Civil Rights Act,
establishing a policy of equal housing opportunity, and making discrimination illegal."
"Floor-area Ratio - CORRECT ANSWER A guideline used to regulate building density. The ratio
is calculated by dividing a building's floor area by the ground (lot) area or by dividing the number of floors in a building by the portion of the lot covered by the building."
"Homestead Exemption - CORRECT ANSWER An ad valorem tax reduction for persons who
own the home they occupy."
"Improvement District - CORRECT ANSWER An area designed to benefit from certain
improvements for which the property owners will be levied a special assessment."
"Jones vs. Mayer - CORRECT ANSWER A landmark discrimination case in which the U.S.
Supreme Court in August, 1968 upheld the Civil Rights Act of 1866 in its ruling that discrimination on racial ground is unlawful."
"Land-use Districts - CORRECT ANSWER Areas in a community which are classified (zoned)
according to their intended use, such as residential, commercial, and industrial."
"Master Plan - CORRECT ANSWER A comprehensive, long-range plan to guide the growth and
development of a community."
"Mill - CORRECT ANSWER One tenth of one cent. One ____ = .001. Used in property taxation."
