Which of the following is true of a valid deed?

A. The grantee’s name must be on the deed.

B. The grantor can be a minor.

C. The grantee must sign the deed.

D. The deed must be recorded

A co-owner of a property, held in joint tenancy, conveyed his interest to a buyer by general 

warranty deed signed only by the co-owner. Which of the following statements is TRUE

regarding this transaction?

A. The general warranty deed conveyed the ownership interest of all co-owners.

B. The rights of the other co-owners were not transferred by the general warranty deed.

C. Owners cannot convey their interest without the consent of the co-owners.

D. The warranty deed made no warranties to the new buyer

A sales contract is signed by the buyer and seller. Before closing the buyer’s licensee learns 

about a title claim on the seller’s property. In this situation, the buyer’s licensee should: 

A. ignore the claim because it will be covered by title insurance.

B. inform both parties the closing cannot occur.

C. advise the buyer to rescind the contract.

D. contact the seller’s agent and suggest the seller contact an attorney concerning the title 

claim.

D. contact the seller’s agent and suggest the seller contact an attorney concerning the title 

claim.

A seller of real property conveys title using a quit claim deed. What protection against defects in 

the title does the purchaser receive?

A. No protection.

B. Protection against only title defects that occurred prior and during the seller’s ownership.

C. Protection against only title defects that occurred during the seller’s ownership.

D. Protection against only title defects that occurred prior to the seller’s ownership

Which of the following deeds protects the buyer against title defects that occurred only during 

the seller’s ownership?

A. General warranty deed.

B. Special warranty deed.

C. Quitclaim deed.

D. Trust deed

A person moved into an abandoned farm house, modernized it, began to raise crops, notified the 

true owner of her recent possession and refused to leave the property. She paid the property 

taxes and stayed there nine years. Is there any chance that this person could claim legal title to 

the farm by adverse possession?

A. Yes, because her use was continuous, open, hostile and exclusive.

B. Yes, because she modernized the house.

C. No, because farm land cannot be acquired through adverse possession.

D. No, because a notified owner may never lose title to property through adverse possession

A tenant has an estate for years and vacates the property at the specific ending date. The landlord 

refuses to return the security deposit because the lessee did not give him notice. Is the landlord's 

action correct?

A. Yes, an estate for years requires a 30 day notice.

B. Yes, an estate for years requires a 60 day notice.

C. No, notice is not required.

D. No, security deposits cannot be held for breach of lease.

A young married couple rented an apartment for one year. The lease expired and the couple 

agreed to continue to rent the apartment by the month without specifying a definite expiration 

date. Would the couple have to give proper notice to terminate the lease? 

A. Yes, a tenancy from period to period requires a notice of termination.

B. Yes, a tenancy for years requires a notice of termination.

C. No, a notice of termination is not required.

D. No, the lease will expire in one year

A young married couple rented an apartment for one year. The lease expired and the couple agreed to continue to rent the apartment by the month without specifying a definite expiration date. Would the couple have to give proper notice to terminate the lease?

A. Yes, a tenancy from period to period requires a notice of termination.

B. Yes, a tenancy for years requires a notice of termination. C. No, a notice of termination is not required.

D. No, the lease will expire in one year.

A tenant leased space from June 1 through June 14. This would MOST LIKELY be considered:

A. an estate for years.

B. an estate at will.

C. a periodic tenancy.

D. an estate at sufferance. 

A tenant leased a property for one year. When the tenant planned to move in they found the property was already occupied by another tenant. The new tenant could refuse to pay the rent due to the fact they were not given:

A. a reentry right.

B. quiet enjoyment.

C. an assignment.

D. non disturbance notice

A farmer is leasing 10 acres of land. The lessee transfers 40% of the leasehold interest to another farmer. This would be an example of:

A. subordination.

B. a sublease.

C. an assignment.

D. a percentage lease.

Which of the following statements BEST describes a net lease?

A. The lessee pays some or all of the operating expenses. B. The lessor pays all operating expenses connected with the leased space.

C. The landlord receives a percentage of the gross income received by the tenant doing business on the leased property.

D. The lessee pays only the rent. 

A property leased to a tenant was sold to a buyer. The lease had several months remaining but the buyer wanted to move in immediately. Can the buyer move in immediately? A. Yes, sale of the leased property will terminate current leases on the property.

B. Yes, providing the rent had not been paid in advance.

C. No, sale of the property will not terminate the current lease.

D. No, the new owner would need to give the current tenant a 30-day notice to vacate

The lease requires that the landlord furnish heat. The landlord fails to repair a defective furnace and no heat is provided. The tenant is considering constructive eviction. The tenant would:

A. remain in the property and refuse to pay rent.

B. vacate the property within a reasonable time and refuse to pay rent.

C. remain in the property and bring an action for damages. D. remain in the property and deduct reasonable damages from the rent.

All of the following will terminate a lease EXCEPT:

A. condemnation of the leased property.

B. sale of the leased property.

C. destruction of the leased property.

D. expiration of the lease

Regularly scheduled maintenance by the property manager to change the filters on the heating and air conditioning equipment would be considered:

A. preventive maintenance.

B. corrective maintenance.

C. deferred maintenance.

D. factory maintenance.

A property manager could legally do which of the following? A. Collect a higher security deposit to persons with support animals.

B. Rent only to single female tenants.

C. Refuse to rent to families with children.

D. Question potential tenants to determine their ability to pay the rent

The functions of a property manager would most likely include all of the following EXCEPT:

A. knowledge of the types of insurance available.

B. maintaining good relations with tenants.

C. appraising the value of the building.

D. developing an operating budget

A property manager renting to a handicapped tenant could: A. restrict the tenant to certain areas.

B. make the tenant obey the rules of the complex.

C. refuse to let the tenant make reasonable modifications to have enjoyment of the premises.

D. increase the customary required deposit based on their handicapped status.

When selecting tenants a property manager can legally do which of the following?

A. Refuse to rent to members of a particular religion.

B. Check the financial status of potential tenants.

C. Charge a higher security deposit to tenants who have children.

D. Refuse to rent to single women

Which of the following is a primary function of a property manager?

A. Filing income tax reports.

B. Investing security deposits.

C. Supervision of property maintenance.

D. Appealing property tax assessments

When filing their federal income tax return, homeowners may deduct from their gross income:

A. hazard insurance premium.

B. homeowners association fees.

C. special assessment taxes.

D. loan prepayment penalties. 

In Georgia, a landlord or tenant must give how many days notice before terminating a tenancy at will?

A. 60 days by the landlord, 60 days by the tenant.

B. 60 days by the landlord, 30 days by the tenant.

C. 30 days by the landlord, 30 days by the tenant.

D. 30 days by the landlord, 60 days by the tenant.

In Georgia, to be legally enforceable, which of the following rental agreements must be in writing?

A. A six month lease.

B. A one year lease.

C. A lease for less than one year.

D. A lease for more than one year