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AYPO Real Estate Principles of Real Estate II
Exam Study Guide Questions and Answers
(100% Correct Answers) Already Graded A+
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?([b x h] x ½ = A)
Ans: 270 square feet
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An applicant is allowed to use what electronic devices during the real
estate exam? Ans: Hand-held calculator
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Convert the following fraction to a decimal for ease of computation:
31/25 Ans: 1.24
What is the general formula to determine Capital Gain? Ans: Profit from
Sale - Base Value = Capital Gain
A property owner borrows $490,000 at a 12% interest rate. How much
interest accumulates in the first year?(Interest Rate = Interest / Principle)
Ans: $58,800
A property owner has a 20-year mortgage that is worth $97,500 with a
7.5% annual interest rate. What does the property owner pay in
mortgage payments every month? Ans: $784.87
What is the basic formula for determining the proration of fees? Ans: Tax
or Fee Rate x Remaining Days or Months = Tax or Fee Owed
A house has 3 distinct rectangular shapes:
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A=20'x30'
B=10'x10'
C=75'x50'
What is the square footage total? Ans: 4450 ft2
How many hours must an applicant provide that are acceptable and
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verifiable appraisal experience acquired over a minimum of 12 months?
Ans: 1,500 hours
What is functional obsolescence? Ans: The loss of property value due to
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qualities of the property that cannot be easily changed
What is the most probable price which a property should bring in a
competitive and open market under all conditions requisite to a fair sale,
the buyer and seller each acting prudently and knowledgeably? Ans:
Market value
Which of the following objective value means the value of a piece of
property will rise or fall because of a future benefit or a future
complication? Ans: Anticipation
Replacement cost, or the dollar amount it would cost to construct at
current prices a structure that is not exactly the same is in which type of
appraisal? Ans: Cost approach.
A CMA is what? Ans: Comparative Market Analysis
1
AYPO Real Estate Principles of Real Estate II
Exam Study Guide Questions and Answers
(100% Correct Answers) Already Graded A+
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?([b x h] x ½ = A)
Ans: 270 square feet
© 2026 Assignment Expert
An applicant is allowed to use what electronic devices during the real
estate exam? Ans: Hand-held calculator
Guru01 - Stuvia
Convert the following fraction to a decimal for ease of computation:
31/25 Ans: 1.24
What is the general formula to determine Capital Gain? Ans: Profit from
Sale - Base Value = Capital Gain
A property owner borrows $490,000 at a 12% interest rate. How much
interest accumulates in the first year?(Interest Rate = Interest / Principle)
Ans: $58,800
A property owner has a 20-year mortgage that is worth $97,500 with a
7.5% annual interest rate. What does the property owner pay in
mortgage payments every month? Ans: $784.87
What is the basic formula for determining the proration of fees? Ans: Tax
or Fee Rate x Remaining Days or Months = Tax or Fee Owed
A house has 3 distinct rectangular shapes:
, For Expert help and assignment handling,
2
A=20'x30'
B=10'x10'
C=75'x50'
What is the square footage total? Ans: 4450 ft2
How many hours must an applicant provide that are acceptable and
© 2026 Assignment Expert
verifiable appraisal experience acquired over a minimum of 12 months?
Ans: 1,500 hours
What is functional obsolescence? Ans: The loss of property value due to
Guru01 - Stuvia
qualities of the property that cannot be easily changed
What is the most probable price which a property should bring in a
competitive and open market under all conditions requisite to a fair sale,
the buyer and seller each acting prudently and knowledgeably? Ans:
Market value
Which of the following objective value means the value of a piece of
property will rise or fall because of a future benefit or a future
complication? Ans: Anticipation
Replacement cost, or the dollar amount it would cost to construct at
current prices a structure that is not exactly the same is in which type of
appraisal? Ans: Cost approach.
A CMA is what? Ans: Comparative Market Analysis
