GA Real Estate Practice Questions and Answers Latest
Update 2023/24 (Verified Answers)
Ownership of a property reverted to the grantor of the estate when its usage
failed to conform to a stated condition in the grant. What type of estate
existed? -
correct answers
✅
Fee simple defeasible
Who can qualify for an FHA loan? -
correct answers
✅
Anyone with
qualified income
Which of the following is a valuable skill for a property manager to have? -
correct answers
✅
Knowledge of building systems
Which form does RESPA require lenders to use to detail the costs that the
buyer and seller will pay at closing? -
correct answers
✅
Closing Disclosure
Seller Monica is selling her property to Harriet. What is Monica's primary
responsibility at closing? -
correct answers
✅
To deliver marketable title
Earl orally agreed to a 18-month lease with landlord Blake. Is this contract
enforceable? -
correct answers
✅
No, all leases for longer than one year
must be in writing to be enforceable.
