AYPO Real Estate Principles of Real Estate II Exam Study Guide with Q and A
AYPO Real Estate Principles of Real Estate II Exam Study Guide with Q and 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) ANSWER 270 square feet An applicant is allowed to use what electronic devices during the real estate exam? ANSWER Hand-held calculator Convert the following fraction to a decimal for ease of computation: 31/25 ANSWER 1.24 What is the general formula to determine Capital Gain? ANSWER 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) ANSWER $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? ANSWER $784.87 What is the basic formula for determining the proration of fees? ANSWER Tax or Fee Rate x Remaining Days or Months = Tax or Fee Owed
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