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AYPO REAL ESTATE PRINCIPLES OF REAL ESTATE II LATEST 2025
ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
A Privately run, for-profit financial institution that provides a
number of services including mortgage lending is classified as
which of the following? - ANSWER-A bank
Liens, unpaid mortgages and taxes, encroachments, or defects
that can limit the ability to transfer the property to another owner
are generally referred to as which of the following? - ANSWER-
Clouds
The four major factors adjusted for when preforming a market
comparison on a particular home DOES NOT include: -
ANSWER-Climate
The cost approach, sometimes called "appraisal by summation,"
bases the value estimate off of which of the following? -
ANSWER-The cost required to replace the property with a new
one.
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Timeshares generally which of the following? - ANSWER-1. The
exclusive use of a property for a specified number of days each
year.
2. A method of dividing up and selling a living unit at a vacation
facility for specified lengths of time.
Someone who passes away with a valid will in place is said to
have passed "testate" which means which of the following? -
ANSWER-With a valid will.
A property manager generally establishes rental rate using all
except which of the following? - ANSWER-Researching consumer
price index
The number 3.14 (pi) is used for determining: - ANSWER-the are
of a circle
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Prorate, or pro rata, means to: - ANSWER-Proportion a cost over
time and it is used to adjust an overall payment to the actual days
of usage
When a court order is used by a lessor to evict a lessee and the
lessee is physically removed from the property it is called: -
ANSWER-Actual eviction
Public land use controls include all of the following except which
of these? - ANSWER-Covenants
A home equity conversion mortgage (HECIM) is also known as
a(n): - ANSWER-reverse rate mortgage
The sales contract most frequently used in Texas is the: -
ANSWER-TREC Promulgated One to Four Family Residential
Contract (Resale)
Objective value is not influenced by: - ANSWER-Personal feelings
or opinions in considering and representing facts
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Development sites, farms, data centers, storage facilities,
senior/retirement housing facilities, medical office buildings and
facilities, and various types of student housing are types of: -
ANSWER-Real Property Assets
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 (principle and interest
only)? (Closest rounded answer) - ANSWER-$785
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? - ANSWER-Determine
where to deposit the rent
Determine when to deposit the rent
Sigh checks or withdraw money from a trust account
A T-47 affidavit requires that a seller swear under oath to which of
the following? - ANSWER-no easements have been granted on
the property and that no material change exists in the structures,
AYPO REAL ESTATE PRINCIPLES OF REAL ESTATE II LATEST 2025
ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
A Privately run, for-profit financial institution that provides a
number of services including mortgage lending is classified as
which of the following? - ANSWER-A bank
Liens, unpaid mortgages and taxes, encroachments, or defects
that can limit the ability to transfer the property to another owner
are generally referred to as which of the following? - ANSWER-
Clouds
The four major factors adjusted for when preforming a market
comparison on a particular home DOES NOT include: -
ANSWER-Climate
The cost approach, sometimes called "appraisal by summation,"
bases the value estimate off of which of the following? -
ANSWER-The cost required to replace the property with a new
one.
,2|Page
Timeshares generally which of the following? - ANSWER-1. The
exclusive use of a property for a specified number of days each
year.
2. A method of dividing up and selling a living unit at a vacation
facility for specified lengths of time.
Someone who passes away with a valid will in place is said to
have passed "testate" which means which of the following? -
ANSWER-With a valid will.
A property manager generally establishes rental rate using all
except which of the following? - ANSWER-Researching consumer
price index
The number 3.14 (pi) is used for determining: - ANSWER-the are
of a circle
,3|Page
Prorate, or pro rata, means to: - ANSWER-Proportion a cost over
time and it is used to adjust an overall payment to the actual days
of usage
When a court order is used by a lessor to evict a lessee and the
lessee is physically removed from the property it is called: -
ANSWER-Actual eviction
Public land use controls include all of the following except which
of these? - ANSWER-Covenants
A home equity conversion mortgage (HECIM) is also known as
a(n): - ANSWER-reverse rate mortgage
The sales contract most frequently used in Texas is the: -
ANSWER-TREC Promulgated One to Four Family Residential
Contract (Resale)
Objective value is not influenced by: - ANSWER-Personal feelings
or opinions in considering and representing facts
, 4|Page
Development sites, farms, data centers, storage facilities,
senior/retirement housing facilities, medical office buildings and
facilities, and various types of student housing are types of: -
ANSWER-Real Property Assets
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 (principle and interest
only)? (Closest rounded answer) - ANSWER-$785
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? - ANSWER-Determine
where to deposit the rent
Determine when to deposit the rent
Sigh checks or withdraw money from a trust account
A T-47 affidavit requires that a seller swear under oath to which of
the following? - ANSWER-no easements have been granted on
the property and that no material change exists in the structures,
