Principles Of Real Estate II BOARD
EVALUATION 2026 GUARANTEED PASS
ANSWERS GRADED A+
● "To have and to hold for the life of the grantee" is. Answer: a
habendum clause
● For what purpose does a REIT use funds from investors?. Answer: to
Purchase both real estate and mortgages
● The effective term of a deed restriction may be extended with the
consent of. Answer: a majority of the owners in a subdivision
● Through a restrictive covenant in a deed, a developer may establish
restrictions on the right to. Answer: use land
● The hiring and supervising of employees who perform maintenance
and other services generally. Answer: is the responsibility of the property
manager
● In order to allow uses of property deemed desirable for public
convenience only marginally acceptable. Answer: A Planning and
Zoning Commission can grant a conditional-use permit
, ● The budget should take into consideration the owner's long-range
plans for the property and. Answer: must contain an estimate of the
income and expenses
● A ground lease is usually. Answer: a long-term lease
● If there are no smoke alarms in a leased residence, the tenant may do
which?. Answer: Request one from the landlord
● Which is for a definite, fixed period of time?. Answer: Estate for years
● Something that is owed is. Answer: a debit
● The fees to the county clerk to record the deed are paid by. Answer:
the buyer
● The borrower must be provided the Closing Disclosure, at LEAST
how many business day(s) before closing?. Answer: Three
● If a sale closing in escrow cannot be consummated because the seller's
title cannot be cleared, the escrow agent. Answer: reinstates the parties
to their former status as if no sale had occurred
EVALUATION 2026 GUARANTEED PASS
ANSWERS GRADED A+
● "To have and to hold for the life of the grantee" is. Answer: a
habendum clause
● For what purpose does a REIT use funds from investors?. Answer: to
Purchase both real estate and mortgages
● The effective term of a deed restriction may be extended with the
consent of. Answer: a majority of the owners in a subdivision
● Through a restrictive covenant in a deed, a developer may establish
restrictions on the right to. Answer: use land
● The hiring and supervising of employees who perform maintenance
and other services generally. Answer: is the responsibility of the property
manager
● In order to allow uses of property deemed desirable for public
convenience only marginally acceptable. Answer: A Planning and
Zoning Commission can grant a conditional-use permit
, ● The budget should take into consideration the owner's long-range
plans for the property and. Answer: must contain an estimate of the
income and expenses
● A ground lease is usually. Answer: a long-term lease
● If there are no smoke alarms in a leased residence, the tenant may do
which?. Answer: Request one from the landlord
● Which is for a definite, fixed period of time?. Answer: Estate for years
● Something that is owed is. Answer: a debit
● The fees to the county clerk to record the deed are paid by. Answer:
the buyer
● The borrower must be provided the Closing Disclosure, at LEAST
how many business day(s) before closing?. Answer: Three
● If a sale closing in escrow cannot be consummated because the seller's
title cannot be cleared, the escrow agent. Answer: reinstates the parties
to their former status as if no sale had occurred
