Retake Recovery Practice Set Preview

Use the diagnostic categories on your PSI score report to choose the first weak portion, then narrow by official area. A retake set should repair the reason for each miss rather than replay the same mixed mock. Answer this 10-question public preview here, then continue the complete experience in Pass Georgia.

Facts checked against the current PSI Candidate Information Bulletin and GREC sources.

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Mixed recovery Contracts Agency Practice of Real Estate Property Ownership Financing Valuation Calculations Disclosures Transfer of Title Land Use Property Management State Laws and Rules Real Estate Practice in Georgia Finance and Closing

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1 / 10Study mode: Practice of Real Estate

At an association meeting a broker proposes that members stop offering compensation below a set figure. A licensee present should:

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34% of the real exam is Georgia law. 52 of 152 questions.

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All 10 questions and explanations

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For a useful score, finish the test above before opening these answers. These are original practice questions based on published topics and sources.

1. At an association meeting a broker proposes that members stop offering compensation below a set figure. A licensee present should:Practice of Real Estate. Open choices and explanation.

A.Wait to see whether other members agree
B.Agree aloud but privately ignore the plan
C.Stay silent, since someone else proposed it
D.Object, leave, and have the exit recorded

Answer D: Object, leave, and have the exit recorded

Being present while competitors discuss fees can be evidence of joining the agreement, and silence reads as assent. The recognized response is to object audibly, leave at once, and make sure the minutes reflect the departure.

Why each choice works or fails

A. Waiting keeps the licensee in the room while an agreement forms.
B. Apparent agreement creates exposure no matter what the licensee does privately afterward.
C. Candidates think only the proposer is liable, but silent presence is commonly treated as participation.
D. Correct. Objecting, leaving, and documenting it breaks any inference of assent.

Rule to remember: If competitors raise fixing fees at a meeting, object, leave, and make sure your exit is recorded.

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2. A seller prepaid a $1,200 annual insurance premium and closing falls exactly at the midpoint of the policy year. The buyer assumes the policy. The adjustment is:Real Estate Calculations. Open choices and explanation.

A.A $600 credit to the seller for the unused portion
B.A $1,200 credit to the seller for the full premium
C.A $600 credit to the buyer for the used portion
D.No adjustment, since insurance is not prorated

Answer A: A $600 credit to the seller for the unused portion

The seller paid for coverage she will not use, so the buyer reimburses her for the remaining half: $600 credit to the seller, debit to the buyer. Prepaid items credit the seller; items paid in arrears credit the buyer.

Why each choice works or fails

A. Correct. The unused half of a prepaid premium is reimbursed to the seller.
B. Wrong. $1,200 would repay coverage the seller already used.
C. Wrong. A buyer credit applies to an item the seller has not yet paid.
D. Wrong. A prepaid item the buyer takes over is routinely prorated.

Work it through

$1,200 / 2 = $600 unused
Seller prepaid, so credit seller $600 and debit buyer $600

Rule to remember: Prepaid items credit the seller for the unused portion; items paid in arrears credit the buyer.

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3. A Georgia sales brokerage hires an unlicensed assistant. Which task may the assistant perform?State Laws and Rules. Open choices and explanation.

A.Negotiate contract terms with a cooperating agent
B.Explain the terms of a listing agreement to a seller
C.Schedule appointments and prepare marketing materials
D.Show listed homes to buyers and answer their questions

Answer C: Schedule appointments and prepare marketing materials

Unlicensed support staff may perform only ministerial tasks that call for no discretion or independent judgment, such as scheduling and preparing marketing materials. Negotiating, explaining agreement terms, and showing property to buyers are brokerage activities that require a license.

Why each choice works or fails

A. Misconception: relaying terms is clerical. Negotiating is brokerage activity that requires a license.
B. Misconception: explaining a signed form is paperwork. Interpreting an agreement calls for the judgment a license represents.
C. Correct. Scheduling and preparing marketing materials are ministerial support tasks.
D. Misconception: showing is just opening doors. Showing homes to buyers and answering their questions is licensed sales activity.

Rule to remember: Unlicensed assistants may do only ministerial, no-judgment tasks. Showing, negotiating, and explaining terms need a license.

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4. For most residential housing covered by the federal lead disclosure rule, the construction-date cutoff is:Property Disclosures. Open choices and explanation.

A.Before 1950
B.Before 1992
C.Before 1986
D.Before 1978

Answer D: Before 1978

The rule generally covers housing built before 1978. Sellers must disclose known lead information, provide available records and the approved pamphlet, and offer buyers a 10-day inspection opportunity that may be changed or waived in writing. Defined exemptions apply, so the date alone does not make every transaction subject to the rule.

Why each choice works or fails

A. Homes built before 1950 carry the highest lead risk, but the disclosure rule reaches all housing built before 1978.
B. 1992 is when the disclosure law was enacted, not the housing cutoff.
C. 1986 is when federal law banned lead pipes and solder in drinking water systems, not the paint cutoff.
D. Correct. 1978 is the year residential lead paint was banned.

Rule to remember: The federal lead disclosure rule generally covers pre-1978 housing, subject to its defined exemptions.

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5. A general home inspection typically does NOT include:Property Disclosures. Open choices and explanation.

A.Inspecting accessible plumbing and electrical work
B.Visually examining the roof and its covering
C.Operating the heating and cooling equipment
D.Testing for radon, mold, or other hazards

Answer D: Testing for radon, mold, or other hazards

A general home inspection is visual and functional. Environmental testing such as radon or mold requires separate equipment and is ordered separately, and buyers often assume one inspection covers everything.

Why each choice works or fails

A. Accessible plumbing and electrical systems are standard inspection items.
B. The roof is a standard visual inspection element.
C. Running the HVAC equipment is normally part of the inspection.
D. Correct. Environmental testing is ordered separately.

Rule to remember: A general home inspection is visual and functional. Radon, mold, and similar testing are ordered separately.

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6. Before a claimant may recover from the Georgia Real Estate Education, Research and Recovery Fund, the claimant must generally first:State Laws and Rules. Open choices and explanation.

A.Obtain an unsatisfied court judgment against the licensee
B.Exhaust the licensee's errors and omissions policy
C.Prove the licensee has been criminally convicted
D.File a complaint with the Commission and wait 30 days

Answer A: Obtain an unsatisfied court judgment against the licensee

The fund pays the unsatisfied portion of a court judgment obtained against a licensee for a violation in a real estate transaction, after the claimant has tried and failed to collect. A GREC complaint can lead to discipline, but discipline alone does not open the fund.

Why each choice works or fails

A. Correct. An unsatisfied court judgment against the licensee is the gateway to a fund claim.
B. Misconception: the fund acts as excess insurance. Recovery is keyed to an unsatisfied judgment, not to private coverage.
C. Misconception: the fund pays only for crimes. A civil judgment for a violation is enough; no conviction is needed.
D. Misconception: a GREC complaint opens the fund. A complaint can lead to discipline, not compensation.

Rule to remember: The Recovery Fund pays only on an unsatisfied court judgment against a licensee, after collection efforts fail.

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7. Under Georgia's brokerage relationships law, a broker's office policy on whether the firm permits disclosed dual agency:Real Estate Practice in Georgia. Open choices and explanation.

A.Is a voluntary best practice recommended by trade associations
B.Must be filed with and approved by GREC before the firm may operate
C.Is required by statute, and the broker must develop and enforce it
D.Applies only to firms with more than ten affiliated licensees

Answer C: Is required by statute, and the broker must develop and enforce it

BRRETA requires every broker to develop and enforce a policy that either permits or rejects disclosed dual agency. A policy that exists only on paper does not satisfy the law, and the duty applies to every firm regardless of size, with no GREC filing step.

Why each choice works or fails

A. It is a legal requirement, not a voluntary practice.
B. The statute requires the policy but not a filing with or approval by GREC.
C. Correct. The broker must both develop and enforce the policy.
D. The requirement applies to every broker regardless of firm size.

Rule to remember: Every Georgia broker must develop and enforce an office policy that permits or rejects disclosed dual agency.

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8. Escheat transfers property to the state when an owner dies:Land Use Controls and Regulations. Open choices and explanation.

A.Without a will and without any locatable heirs
B.While the property is subject to a recorded lien
C.Owing more in taxes than the property is worth
D.Without a will but leaving surviving children

Answer A: Without a will and without any locatable heirs

Escheat is a last resort. When an owner dies without a will, intestate succession looks for heirs, and only if none can be found does the property pass to the state, so land never sits ownerless.

Why each choice works or fails

A. Correct. No will and no locatable heirs is the condition for escheat.
B. A lien gives a creditor a claim for payment, not a transfer of title to the state.
C. Candidates confuse escheat with tax sales. Unpaid taxes lead to a tax sale, not escheat.
D. Surviving children inherit by intestate succession, so nothing escheats.

Rule to remember: Escheat passes property to the state only when the owner dies with no will and no locatable heirs.

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9. A property is transferred without the lender's consent, and no federal exception protects the transfer. What does a due-on-sale clause in the security deed permit the lender to do?Finance and Closing. Open choices and explanation.

A.Declare the entire unpaid balance immediately due
B.Increase the interest rate to the usury ceiling
C.Take possession of the property without a foreclosure sale
D.Charge the borrower a prepayment penalty

Answer A: Declare the entire unpaid balance immediately due

A due-on-sale, or alienation, clause permits acceleration when an unprotected transfer occurs without consent. Federal law protects certain transfers, including some family and trust transfers. The stem excludes those exceptions.

Why each choice works or fails

A. Correct. Acceleration of the full balance is the remedy the clause provides.
B. Misconception: the clause reprices the loan. It accelerates the debt; it does not rewrite the interest rate.
C. Misconception: acceleration equals repossession. The lender must still foreclose under the power of sale with statutory notice.
D. Misconception: confusing it with a prepayment clause. A prepayment penalty is a separate provision; this clause calls the loan due.

Rule to remember: A due-on-sale clause permits acceleration for an unprotected transfer without consent; federal exceptions still apply.

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10. A Georgia broker receives and holds earnest money. The interested parties have given no written instructions to handle it differently. Where must the broker deposit it?Real Estate Practice in Georgia. Open choices and explanation.

A.Deposited in the broker's operating account
B.Deposited in a designated trust account
C.Given directly to the seller
D.Kept by the licensee who received it until closing

Answer B: Deposited in a designated trust account

Under Rule 520-1-.08, the broker must promptly deposit the funds in a federally insured trust account registered with GREC unless the interested parties agree otherwise in writing. Here, they have given no different instructions. Depositing trust funds in the operating account is commingling.

Why each choice works or fails

A. Putting trust funds in the operating account is commingling.
B. Correct. A broker holds earnest money in a designated trust account.
C. The deposit is held for both parties, not handed to the seller.
D. Affiliated licensees must turn trust funds over to the broker promptly.

Rule to remember: Unless the interested parties agree otherwise in writing, the broker promptly deposits earnest money in a designated, federally insured trust account registered with GREC.

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What does this assessment cover?

PSI says a failing score report includes diagnostic strengths and weaknesses by examination type. Translate that evidence into the closest published area, then gather a larger fresh sample before the next attempt.

Question coverage in this assessment
Official content area	Published weight	Questions here	Complete lesson
Practice of Real Estate	12% of the national portion	1	Study Practice of Real Estate
Real Estate Calculations	7% of the national portion	1	Study Calculations
State Laws and Rules	16 of the 52 Georgia questions	2	Study State Laws and Rules
Property Disclosures	7% of the national portion	2	Study Disclosures
Real Estate Practice in Georgia	21 of the 52 Georgia questions	2	Study Real Estate Practice in Georgia
Land Use Controls and Regulations	5% of the national portion	1	Study Land Use
Finance and Closing	15 of the 52 Georgia questions	1	Study Finance and Closing

The Georgia-specific distinction

Keep the national and Georgia subtotals separate. If Georgia is weak, split the work again into Laws and Rules, Georgia Practice, and Finance and Closing rather than reading one general state summary.

Worked result example

If the report points to Georgia and review notes show national-instinct errors, build a Georgia-only set, read the Georgia distinction after each item, and follow with a fresh 52-question simulation.

Common exam traps

Retaking a full practice exam before repairing anything.
Studying only the lowest raw score without considering sample size.
Memorizing questions from the failed attempt.
Booking again because the average improved while one group stayed weak.

Ready to move on?

Score the set before opening notes.
Explain the winning rule without repeating the answer choice.
Classify every miss as knowledge, distinction, wording, math setup, or timing.
Repair the weakest official area, then answer a fresh set on another day.
Move on only when the result is stable and guesses are being marked as gaps.

Recommended next lesson

Use the complete retake recovery plan. Use the result above to choose the first lesson or drill rather than following a generic order.

Assessment integrity

The questions are original and mapped to the current PSI outline. This preview introduces the assessment; the complete version is in Pass Georgia. PSI says practice exams help candidates become familiar with general question types, but they do not replace education and a good practice score does not guarantee an examination outcome. This page reports evidence, not a pass probability.

About this practice set

Facts checked against the current PSI Candidate Information Bulletin and GREC sources.

Are these actual PSI exam questions?

No. Every item is original, written from the current published outline and primary sources. No question is copied, recalled, reconstructed, or represented as a live PSI item.

Does this score predict whether I will pass?

No. One practice result is evidence about this question sample. Use the area breakdown, review guesses as well as misses, and confirm improvement with fresh questions on another day.

What should I do after the result?

Open the explanation for every miss and guess, restate the rule, use the linked repair lesson, then continue with the next lesson: Use the complete retake recovery plan.

Is the assessment free?

Yes. This 10-question preview has no email gate, account requirement, or card. The complete assessment, saved mastery, spaced review, and adaptive recommendations are in Pass Georgia.