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Reference guide

Georgia Real Estate Salesperson Course Notes

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Section 1National/general: property ownership and land usePreview
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Summary

Know what the property is, how it is described, who owns which rights, what burdens title, and which public/private controls govern use. On the exam, attachment/intent, legal-description language, ownership form, and the distinction between regulation and taking are decisive.

Key Points

  • Real Vs Personal Property, Fixtures And Emblements: Classify the item before deciding who owns it at transfer. The exam usually gives facts about attachment, adaptation, intent, the relationship of the parties, and the contract.

Common Mistakes

  • Calling every attached item a fixture without checking agreement, intent, trade-fixture status, or the nature of the item.

Exam Tips

  • Do not use 'attached = fixture' as the only test; trade fixtures and contract language are common exceptions.
Section 2National/general: valuation, contracts and agencyPreview
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Summary

Value questions ask which approach or principle fits the facts; contract questions are timeline and validity problems; agency questions begin with who the client is and what duty follows. Keep CMA/BPO work separate from appraisal and keep representation status separate from compensation source.

Key Points

  • Market Value, Appraisal Principles And Approaches: Market value is an opinion of the most probable price under normal competitive conditions; it is not automatically the contract price or construction cost.

Common Mistakes

  • Equating market value with contract price or construction cost.

Exam Tips

  • For every valuation question, identify property type, purpose, available data, and the exact principle illustrated.
Section 3National/general: practice, finance and mathPreview
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Summary

Lock the seven Fair Housing Act classes, major disclosure/environmental triggers, mortgage program distinctions, TRID/RESPA timing and anti-kickback rules, core math formulas, and landlord/property-manager basics. Most errors come from using the wrong base, assuming every disclosure restarts a waiting period, or giving advice outside the licensee's expertise.

Key Points

  • Fair Housing And Prohibited Discrimination: The federal Fair Housing Act protects race, color, national origin, religion, sex, familial status, and disability in covered housing transactions.

Common Mistakes

  • Forgetting one of the seven federal Fair Housing Act protected classes.

Exam Tips

  • If the protected characteristic is part of the reason for different treatment, flag fair housing immediately.
Section 4Georgia law and license practicePreview
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Summary

Georgia items reward exact Rule 520-1 procedures: licensing/education numbers, broker supervision, trust accounts, brokerage relationships, advertising, offer/document handling, fair housing, property/community-association management, and discipline. Memorize the few hard numbers and use the written agreement or rule before generic national assumptions.

Key Points

  • Georgia Real Estate Commission Authority: The Georgia Real Estate Commission (GREC) administers and enforces Georgia real-estate licensure and brokerage rules; it is distinct from the Georgia Real Estate Appraisers Board and from the exam vendor.

Common Mistakes

  • Using generic national practice instead of the exact Georgia rule procedure.

Exam Tips

  • Georgia deadline questions are exact—do not round or substitute a 'reasonable time.'