Georgia Real Estate License Law Practice Test 2025 – Complete Prep Guide

Question: 1 / 400

What is typically the first step in transferring property ownership?

Payment of the sales price

Signing the purchase agreement

The first step in transferring property ownership is typically the signing of the purchase agreement. This document serves as a legally binding contract between the buyer and seller, outlining the terms and conditions of the sale. It marks the initial commitment to the transaction, indicating the buyer's intention to purchase the property and the seller's acceptance of that offer.

Following the execution of the purchase agreement, the process of transferring ownership continues with additional steps required to finalize the transaction. These include conducting a title search to ensure that the title is clear of any encumbrances, making payment of the sales price, and ultimately recording the deed with the county to formalize the transfer in public records. However, without the signed purchase agreement, none of these subsequent steps can occur, making it the crucial starting point in the property transfer process.

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Recording the deed with the county

Conducting a title search

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