georgia real estate laws and pratices
What is the legal age to enter into a contract for the purchase of real estate in Georgia?
18 years old
What is the maximum interest rate that can be charged on a mortgage loan in Georgia?
14%
In Georgia, what is the minimum number of days for a landlord to provide a tenant with a notice to terminate a month-to-month lease?
30 days
What type of agency relationship exists between a real estate broker and a seller in Georgia?
Seller's agency
How many days does a buyer have to cancel a purchase agreement under the Georgia Seller's Property Disclosure Act?
10 days
Which of the following is required to become a licensed real estate agent in Georgia?
High school diploma or equivalent
What fee is charged by the Georgia Real Estate Commission for initial real estate license applications?
$200
What is the maximum amount for which the Georgia Real Estate Guaranty and Trust Fund provides compensation to a person who suffers a loss due to dishonest acts of a licensed real estate salesperson or broker?
$100,000
In Georgia, what is the minimum period of time for a property to be advertised before a foreclosure sale occurs?
45 days
Which of the following is not a protected class under the fair housing laws in Georgia?
Sexual orientation