Blog Becoming a Real Estate Agent Free Georgia Real Estate Practice Exam Questions 2024

Free Georgia Real Estate Practice Exam Questions 2024

Georgia is the perfect place for country-style living. It offers charming towns, beautiful countryside, and a thriving economy. And, while most homes across the nation are falling in value, Georgia home values have increased.

You can take advantage of Georgia’s healthy real estate market by becoming an agent. But first, you will need to get your license. And before you get your license, you must pass the real estate exam. 

Georgia practice exam

The real estate exam is challenging. Many people fail on their first attempt. But if you familiarize yourself with the test format and content and learn valuable tips and tricks, you will improve your chances of success. 

This article will review test format and content and provide other tips to ensure a successful test experience. 

Georgia real estate laws and regulations

The Georgia Real Estate Commission enforces several laws and regulations. They are covered on your test. They will also help guide your real estate exam. 

We can’t review every law and regulation, but here are some important ones to be aware of. 

• Real Estate Licensing: Anyone who wants to work in the real estate industry must obtain a license. They must take a pre-licensing course, pass the real estate exam, and satisfy background and character requirements to earn their license. They must also meet continuing education requirements to maintain their license. 
• Disclosure Requirements: Sellers and agents must disclose all relevant property information to buyers. They may not hide any details that affect the home’s desirability. If sellers or agents fail to disclose relevant information, the deal may fall through. 
• Contract Laws: Real estate transactions call for contracts like purchase agreements, sales contracts, etc. Contracts must be written according to legal guidelines. They must adhere to Georgia law. 
• Deed and Title Transfer: Deeds are essential in the transfer of property. They show the owner has the title to the property and the authority to sell it.
• Foreclosure Procedures: Lenders may foreclose on properties without court involvement if owners aren’t making payments. Lenders must follow a foreclosure process that adheres to Georgia laws. Owners also have rights and options. 
• Regulations for Landlords: Landlords must maintain their properties. They must also adhere to guidelines regarding security deposits and lease agreements. 
• Regulations for Tenants: Tenants must pay rent and follow the terms of their lease agreements. They are entitled to report code breaches and unsafe conditions to local authorities. 
• Discrimination: It is illegal for landlords to turn away tenants based on race, religion, gender, ethnicity, and other discriminatory factors. Insurance providers, mortgage lenders, and financial services are also prohibited from discrimination in home-buying. 
• Predatory Lending: Dishonest lenders may lend money to homebuyers with bad credit or low income, charge excessive fees and interest rates, and use other misleading techniques. This practice is predatory lending, and it is illegal. 
• Dual Agency: Dual agency occurs when the agent represents the seller and buyer in a real estate transaction. It is permitted in Georgia. However, the transaction must be handled honestly, ethically, and without compromise. 
• Reasonable Accommodations: Landlords must provide reasonable accommodations for disabled people on their property to give them a fair chance of living in the building. 
• Unfair Lease Terms: Unfair lease terms include restrictions on a tenant’s right to privacy and excessive security deposits. They are illegal. 
• Fraudulent Activity: Fraudulent activity includes fraud, fabricating records, faking signatures and deeds and contracts, and shady flipping schemes. 

What’s on the Georgia real estate exam?

Several topics are included in the Georgia real estate exam. Applicants should get familiar with these topics so they know what to focus on. They include:

• Property Ownership (10%): Property ownership includes the types of ownership, land characteristics, legal descriptions, encumbrances on ownership, and real and personal property laws. 
• Land Use Controls (5%): Land use controls cover government rights on land, government controls and land use, and private controls. 
• Valuation (8%): Valuations refer to appraisals, estimating values, and comparative market analysis (CMA) that sets the basis for home values. 
• Financing (10%): Applicants must be familiar with financing terminology and concepts, different types of loans, and financing and lending options. 
• Contracts (19%): The test covers general contract law, purchase and lease contracts, and the proper handling of multiple offers and counteroffers. 
• Agency (13%): Applicants must understand agency and non-agency relationships in the home buying and renting processes. They must be familiar with agent duties and agency disclosures. 
• Property Disclosures: This topic covers the necessary disclosures concerning the property’s condition, environmental and government disclosures, and the disclosure of material facts and defects. 
• Property Management (3%): Applicants must be familiar with the duties and responsibilities of property managers and landlord and tenant rights. 
• Transfer of Title (6%): Transfer of title covers different types of deeds, title insurance and searches, the closing process, and special processes. 
• Antidiscrimination: Applicants must understand how antidiscrimination laws affect legislation, regulations, and duties and responsibilities. 
• Real Estate Calculations: The test requires agents to complete real estate calculations and understand their general concepts. 

Georgia real estate exam FAQs?

Now you know the topics on the test and the Georgia real estate laws and regulations that will guide your career. But you may have questions concerning test logistics, like how to register and where to take the test. This section will address those concerns. 

1. How many hours of pre-licensing do I need to take?

You must take a 75-hour pre-licensing course before you take the real estate exam. 

2. How do I apply for the exam?

You can apply for the exam at the PSI exam website if you completed your pre-licensing course at an approved Georgia real estate school and pay for the test using a credit card. 

If you are using other coursework to qualify for the exam, such as college courses, broker coursework, or coursework from another jurisdiction, or are using a check or money order to pay for the exam, you must complete the application in the GAREP handbook and mail it to PSI along with the exam fee, and a certificate of your completed coursework. 

3. How do I schedule the exam?

Once the application process is complete, you may schedule an exam online at https://schedule.psiexams.com or call 888-818-5834. You must provide your social security number. Appointments are on a first-come, first-serve basis. Walk-ins are not welcome.   

4. What if I miss my appointment?

If you miss your appointment, you may reschedule it. But you won’t get your money back. 

If you arrive more than 15 minutes late for the appointment, you will not be admitted and you will not get your money back. 

5. How much does it cost to take the Georgia real estate exam?

As of 2023, the cost to take the Georgia real estate exam is $121.

6. How long is the real estate exam?

The real estate exam consists of 152 questions, including 100 national and 52 state questions. You have 3.5 hours to complete the test. 

7. What is the passing score?

Applicants must score at least 72% to pass the real estate exam. 

8. What do I need to bring with me to the exam?

You must bring two forms of ID, a pencil, and a silent, handheld, basic calculator. The calculator is not mandatory, but it is recommended. Other items like a handbag, study materials, and personal belongings will not be permitted. Plan to leave those items at home or in your car. 

9. What is the exam format?

The exam is comprised of multiple-choice questions with four answer choices. It is administered on a computer. 

10. How many people pass the Georgia real estate exam?

About 60% of people pass the Georgia real estate exam on the first attempt, slightly higher than most other states. 

11. How soon will I get my exam results?

Your exam results will be online within two business days of taking the exam. 

12. I passed the exam. Now what?

After you pass the exam, you must submit fingerprints and pass a background check. If all goes well, you will receive your real estate license. However, the license will be inactive until you start working with a broker. 

You may apply for your license at the testing center right after you pass your test. If you would like to take advantage of this option, you must pay a fee of $170 and submit the following documents:

• A valid ID and certificate of accuracy statement
• A completed Sponsoring Broker Statement Form (if you are applying for an active license)
• A copy of your Georgia Crime Information Report
• A signed and notarized Lawful Presence Affidavit

You may also choose to apply for your license at another time. However, if you submit your application three months to one year after passing the exam, the fee will increase to $340. 

13. What if I fail the exam?

If you fail the Georgia real estate exam, you may retake it as soon as 24 hours after receiving a failing grade and no more than a year after the purchase date. You must pay the retake fee of $121. If you fail a second time, you must repeat all course instructions before you retake the exam. 

14. What if I need special accommodations?

Wheelchair access is available at all testing centers. Candidates must advise PSI that they need special accommodations when they register. Be prepared to provide medical documentation if necessary. 

15. How can I prepare for the real estate exam?

The real estate exam is a difficult test to take. You can increase your chances of passing by:

• Creating a Study Group: A study group will motivate you to study. The group format provides an opportunity to learn from each other’s strengths to improve weaknesses. Your peers will make studying more fun. 
• Eliminate Distractions: Eliminate distractions while studying. Turn off devices. Choose a quiet study area. 
• Create a Study Plan: Your study plan should outline when and what materials you study. It will ensure you don’t over-study or under-study. 
• Take Notes: Taking notes requires you to write down or type out information. It helps embed information in your mind. It also consolidates your notes so you study more efficiently. 
• Use Practice Tests: Most study guides have practice tests that mimic real test questions. They can get you familiar with the test’s format and content. 
• Use Flashcards: Flashcards are a tried and true study method. They force you to test yourself to ensure you understand the information. Many study courses offer flashcards. You can also make them yourself. 

16. What should I look for in a real estate school? 

Your real estate school will be critical in passing or failing the exam. If you choose the right school, you will increase your chances of passing. A school with a poor curriculum may not give you the guidance you need to pass. 

So, what should you look for in a real estate school? Here are some factors to consider:

• Reviews: Look at online and student reviews to determine the type of experience the school provides. 
• In-person or Online: Real estate schools may offer online or in-person courses. Online courses are convenient for most students. However, in-person courses are more engaging and may help you pass the test. Choose a school that offers your preferred study method. Or opt for a school that provides both methods so you can determine which you prefer. 
• Cost: Cost is a consideration. However, students should not necessarily choose a school that offers the lowest rates. They must pick a school that provides the best value for the money. 
• Pass Guarantee: Some real estate schools offer pass guarantees. They may refund your money if you don’t pass the test. Or they may allow you to retake their course for free. 

Georgia real estate is a hot commodity. You can turn it into a lucrative career, but first, you must pass the real estate exam. 

This article familiarizes you with the exam to increase your chances of passing. The rest is up to you. Good luck in your endeavors.