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A study guide or exam preparation material for the real estate principles 2 course. It contains a series of questions and correct answers covering a wide range of topics related to real estate, including real estate investment trusts (reits), capital markets, appraisal methods, deed types, assessment districts, lease agreements, mortgage calculations, and various real estate laws and regulations. The level of detail and the comprehensive nature of the questions suggest that this document could be a valuable resource for students preparing for a real estate exam or seeking to deepen their understanding of real estate principles. A broad range of topics that are likely to be relevant for students pursuing degrees or certifications in fields such as real estate, finance, or business administration.
Typology: Exams
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texans now have the option tohave their assets distributed without probate after their death, including real property, through which of these methods? - Correct Answer- tansfer on death deed still be encumbrances on th title it is one of which the parties are aware such as a lien or an easement? - Correct Answer-marketable title the information in a certificate of title often has several sections to it, including these, except for which of these? - Correct Answer-credit history of the buyer an appraisal report generally does not include the following item. - Correct Answer-title search prorate, or pro rata, means to? - Correct Answer-proportion a cost over time and it is used to adjust an overall payment to the actual days of usage The rules for client trust accounts are ___ to those used for real estate brokers - Correct Answer-very similar, but not identical the cfpb created by the dodd-frank act stands for which of the following? - Correct Answer-consumer financial protection bureau If a commercial landlord has locked a tenant out of leased premises in violation of Section 93.002, the tenant: - Correct Answer-may recover possession of the premises as provided by section 93. a person controls the acceptance of rent from a resident of a single family rental and must be licensed under the act if the person has the authority to do what? - Correct Answer-all of these anwsers are correct if a tenant abandons the leased premises in violation of the lease, what is the landlord obligated to do to avoid uneccesary additional costs? - Correct Answer-they have the duty to mitigate damages an applicant is allowed to use what electronic devices during the real estate exam? - Correct Answer-hand-held calculator a $288,000 loan(folowing $72,000 down) on a home purchased at $360,000 would be what loan to value? - Correct Answer-80% the term for an interest through a leasehold that continue for a definite period of time is which of the followng? - Correct Answer-an estate for years a property owner took out a 20-year mortgage for $97,500 with a fixed 7.5% annual interest rate. what does the property owner pay in mortgage payments every month? - Correct Answer-$
Mold remediation for the state of Texas is managed by whom? - Correct Answer-texas department of licensing and regulation(tdlr) what is functional obsolescence? - Correct Answer-The loss of property value due to qualities of the property that cannot be easily changed what is the investment propertys market value, with debts subtracted? - Correct Answer-equity the right of government to take ownership of privately helf real estate is called? - Correct Answer-eminent domain the sales contract form most frequently used in texas is the? - Correct Answer-trec promulgated one to four family residential contract(resale) what is the natural breakpoint on a commercial lease? - Correct Answer-when the percentage of sales(in a percentage lease) equals the base rent Estates of indeterminable length, for example, those that exist for a lifetime or forever are: - Correct Answer-freehold estates a property owner borrows $490,000 at a 12% interest rate. how much interest accumulates in the first year? - Correct Answer-$58, While they can happen at the same time, consummation is a legally distinct point in time where the borrower: - Correct Answer-becomes contractually obligated to the lender(and not to the seller) Certified General Appraiser is authorized to appraise: - Correct Answer-all types of real property what is a federal program run by the u.s. department of the treasury which is intended to help homeowners avoid foreclosure? - Correct Answer-the making home affordable program the disclosure document that were required prior to 10.3.15 for closed-end credit transactions were combined to create two new standardized documents commonly called which of these? - Correct Answer-tila-respa integrated disclosures in which type of payment plan does the borrower pay a lesser amount for the first years of the plan, often scheduled at five years, and then higher monthly amount in the last portion of the loan? - Correct Answer-flexible payment plan which of the following replaced the initial truth-in-lending disclosure and the good faith estimate? - Correct Answer-the loan estimate
objective value is not influenced by: - Correct Answer-personal feelings or opinions in considering and representing facts. 7/8 converted to a decimal - Correct Answer-0. if two or more unrelated parties receive real property and the conveyance does not address the character of the tenancy created, it is by law given as: - Correct Answer-a tenancy in common Timeshares generally are: - Correct Answer-both of these are correct the _________ act created the consumer financial protection bureau. - Correct Answer- dodd-frank which of the following is an area of a real estate brokers job that requires mathematics?
if the base side of a triangular plot measures 45" and the height line measures 12" what is the area of the plot in square feet? - Correct Answer-270 square feet wen a court order is used by a lessor to evict a lessee and the lessee is physically removed from the property it is called: - Correct Answer-actual eviction