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Georgia Real Estate Exam Preparation Guide, Exams of Civil Law
A comprehensive overview of the georgia real estate exam, covering the national and state-specific portions. It outlines the exam structure, including the duration, number of questions, and types of questions. The document also delves into the key topics that are tested, such as types of ownership, property rights, government powers, zoning laws, legal descriptions, contracts, agency relationships, mortgage concepts, property management, fair housing laws, and various calculations. Additionally, it covers the licensing requirements, renewal process, disclosure requirements, broker responsibilities, and common forms in georgia. The document also offers study tips and resources to help aspiring real estate professionals prepare for the exam effectively. With its detailed information and practical guidance, this document can serve as a valuable resource for individuals seeking to obtain a real estate license in georgia.
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Georgia Real Estate Exam Overview
National Portion - ANS Covers general real estate principles and practices. State Portion - ANS Covers Georgia-specific real estate laws and regulations. Duration - ANS 4 hours total (2.5 hours for the national portion and 1.5 hours for the state portion). Questions - ANS Typically, 80 questions in total (40 national and 40 state). Types of Ownership - ANS Sole ownership, joint tenancy, tenancy in common, tenancy by the entirety. Types of Estates - ANS Freehold estates (fee simple, life estate) and leasehold estates. Property Rights - ANS Bundle of rights (possession, control, enjoyment, exclusion, disposition). Government Powers - ANS Police power, eminent domain, taxation, escheat. Zoning Laws - ANS Types of zoning (residential, commercial, industrial), zoning ordinances. Methods of Legal Descriptions - ANS Metes and bounds, rectangular survey system, lot and block. Types of Contracts - ANS Sales contract, lease, listing agreement. Elements of a Contract - ANS Offer and acceptance, consideration, legality of object, capacity. Types of Agency Relationships - ANS Seller's agent, buyer's agent, dual agent. Fiduciary Duties - ANS Loyalty, disclosure, confidentiality, obedience, accounting, reasonable care.
Types of Lo ANS - ANS Conventional loans, FHA loans, VA loans. Mortgage Concepts - ANS Interest rates, points, amortization, foreclosure. Property Management Responsibilities - ANS Collecting rents, maintaining property, managing tenant relations. Leasing - ANS Lease agreements, security deposits, lease types. Fair Housing Laws - ANS Civil Rights Act of 1968 (Fair Housing Act), Americ ANS with Disabilities Act. Protected Classes - ANS Race, color, religion, sex, national origin, disability, familial status. Calculations for Property Valuation - ANS Comparative market analysis, appraisals. Mortgage Calculations - ANS Monthly payments, loan-to-value ratio, amortization schedules. Prorations - ANS Taxes, insurance, rent. Licensing Requirements in Georgia - ANS Pre-licensing education, exam, application, background check. Renewal Process - ANS Continuing education requirements, renewal process. Disclosure Requirements for Agency Relationships in Georgia - ANS Agency disclosure, dual agency, designated agency. Broker Responsibilities in Georgia - ANS Supervision of associates, record-keeping. Required Property Disclosures in Georgia - ANS Lead-based paint, property condition disclosure, environmental hazards.
Role and Powers of Georgia Real Estate Commission - ANS Regulatory authority, disciplinary actions, licensing procedures. Composition of Georgia Real Estate Commission - ANS Board members, terms, meeting frequency. Common Forms in Georgia - ANS Listing agreements, purchase and sale agreements, lease agreements. Specific Requirements for Contracts in Georgia - ANS Statutory requirements for contracts in Georgia. Georgia Property Laws - ANS Landlord-Tenant Act, Foreclosure Process. Real Estate Advertising Rules - ANS Fair housing compliance, accurate representation of property, advertising regulations. Closing Procedures - ANS Settlement Statements (HUD-1, closing disclosures), Prorations and Adjustments (Taxes, utilities, rent). Review Study Materials - ANS Use textbooks, online courses, and practice exams specific to Georgia real estate. Practice Tests - ANS Take practice exams to familiarize yourself with the format and question types. Flashcards - ANS Create flashcards for key terms, formulas, and concepts. Study Groups - ANS Join or form study groups to discuss topics and clarify doubts. Exam Prep Courses - ANS Consider enrolling in a Georgia real estate exam prep course if needed. Georgia Real Estate Commission Website - ANS For the latest updates on licensing and regulations. Real Estate Textbooks - ANS Look for those that cover both national and Georgia-specific content.
Online Forums - ANS Participate in forums for tips and shared experiences from other exam takers.