Understanding the Format and Content of the Georgia Real Estate Exam
As an aspiring realtor in Georgia, there are several steps that you must go through before getting started. First of all, you’ll need to study for and pass the Georgia real estate exam.
Just like any other assessment, understanding the anchor principles and practices is vital. In this piece, we will look at what this entails.
Georgia Real Estate Exam Structure
One key thing you will want to know is how many questions are in the Georgia real estate exam. The test consists of 152 multiple-choice questions. The interrogatives will be classified into state-specific and national sections.
The national section carries the weight of the evaluation. Here, you can expect one hundred questions. The national section will cover seven key disciplines related to general real estate principles and practices.
On the other hand, the state-specific portion of the GA real estate exam focuses on laws and regulations specific to the state. You’ll find 52 questions in this section. Since these will also be multiple-choice questions, studying thoroughly will help you get them right with the utmost ease.
National Portion Breakdown
The most challenging section of the Georgia real estate exam is likely to be the national portion. It is broad and has a lot of questions covering various topics. Its main areas of concentration include:
Agency Relationships and Contracts (28 questions)
· Duties of agents
· Formation, performance, and termination of contracts
· Real Property Ownership/Interest (13 questions)
· Types of property ownership
· Interests in real property
· Legal rights and responsibilities
Finance (14 questions)
· Basics of real estate financing
· Types of loans and lending institutions
· Mortgage markets and financing principles
Real Property (14 questions)
· Land characteristics and use regulations
· Legal descriptions of real estate
· Marketing Regulations (Purchase and Rental) (10 questions)
· Marketing property regulations
· Fair housing laws
· Ethical advertising and marketing practices
Property Management (8 questions)
· Managing residential and commercial properties
· Landlord-tenant relationships
· Property maintenance
Real Estate Calculations (13 questions)
· Property valuation
· Commissions and prorations
· Mortgage-related computations
State Specific Section
If you are a resident of Georgia, this section is likely to favor you because of your familiarity with state laws. The examiners design this part to test your knowledge of the Georgia real estate regulation. It will revolve around;
- Georgia Real Estate License Law
- Rules and Regulations specific to Georgia
- Commission duties and powers
- Licensing requirements and procedures
- Conduct and ethical standards expected of Georgia real estate professionals
- Real estate practices unique to Georgia
Types of Questions
The type of questions you will encounter in the Georgia real estate exams are as follows:
· Analysis Questions: These assess your ability to analyze information and develop solutions.
· Application Questions: These test how well you apply your knowledge to different scenarios.
· Recall Questions: These will examine your memory of specific facts and information.
As you can see, the Georgia real estate license exam has a simple structure. You want to study the format over and over until you are well-versed in it. This will undoubtedly prepare you for the challenges that this exam presents and increase your chances of acing it.
