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AYPO Real Estate Principles Of Real Estate II Newest
2026/2027 Actual Exam Complete Questions And Correct
Answers(Verified Answers)|Already Graded A+||Best
Version!!!
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
Development sites, farms, data centers, storage facilities,
senior/retirement housing facilities, medical office buildings
,2|Page
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, fences, or structures on adjoining properties,
conveyances, or replats.
In foreclosure, in order to receive a portion of any remaining
proceeds, what must a junior lienholder do? - ANSWER-A junior
,3|Page
leinholder must have filed a request for notice of default with a
public recorder.
The BEST definition of 'highest and best use' in property
valuation provided here is which of the following? - ANSWER-A
reasonably probable and legal use of vacant land or an
improved property, which is physically possible, appropriately
supported, financially feasible, and that results in the highest
value.
The term for an interest through a leasehold that continues for
a definite period of time (which can range from weeks to years
at a time) is which of the following? - ANSWER-An estate for
years
What is the investment property's market value with debts
subtracted? - ANSWER-Equity
A closing disclosure is a document that lists: - ANSWER-The fees
and charges imposed on the borrower and the seller in a real
estate transaction
, 4|Page
Which of the following is/are steps in organization of a
syndication? - ANSWER-Satisfying registration and disclosure
rules
Replacement cost (the dollar amount it would cost to construct,
at current prices, a structure that might not be exactly the
same) is used as an element of which of the following types of
appraisals? - ANSWER-Cost approach.
A Closing Disclosure is a document that lists which of the
following? - ANSWER-The fees and charges imposed on the
borrower and the seller in a real estate transaction
In Texas, recording fees are paid to whom? - ANSWER-The
county clerk in the county where the real property is located.
The _____ Act created the Consumer Financial Protection
Bureau (CFPB). - ANSWER-Dodd-Frank
If a tenant abandons the leased premises in violation of the
lease, what is the landlord obligated to do to avoid unnecessary
additional costs? - ANSWER-They have a duty to mitigate
damages.
AYPO Real Estate Principles Of Real Estate II Newest
2026/2027 Actual Exam Complete Questions And Correct
Answers(Verified Answers)|Already Graded A+||Best
Version!!!
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
Development sites, farms, data centers, storage facilities,
senior/retirement housing facilities, medical office buildings
,2|Page
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, fences, or structures on adjoining properties,
conveyances, or replats.
In foreclosure, in order to receive a portion of any remaining
proceeds, what must a junior lienholder do? - ANSWER-A junior
,3|Page
leinholder must have filed a request for notice of default with a
public recorder.
The BEST definition of 'highest and best use' in property
valuation provided here is which of the following? - ANSWER-A
reasonably probable and legal use of vacant land or an
improved property, which is physically possible, appropriately
supported, financially feasible, and that results in the highest
value.
The term for an interest through a leasehold that continues for
a definite period of time (which can range from weeks to years
at a time) is which of the following? - ANSWER-An estate for
years
What is the investment property's market value with debts
subtracted? - ANSWER-Equity
A closing disclosure is a document that lists: - ANSWER-The fees
and charges imposed on the borrower and the seller in a real
estate transaction
, 4|Page
Which of the following is/are steps in organization of a
syndication? - ANSWER-Satisfying registration and disclosure
rules
Replacement cost (the dollar amount it would cost to construct,
at current prices, a structure that might not be exactly the
same) is used as an element of which of the following types of
appraisals? - ANSWER-Cost approach.
A Closing Disclosure is a document that lists which of the
following? - ANSWER-The fees and charges imposed on the
borrower and the seller in a real estate transaction
In Texas, recording fees are paid to whom? - ANSWER-The
county clerk in the county where the real property is located.
The _____ Act created the Consumer Financial Protection
Bureau (CFPB). - ANSWER-Dodd-Frank
If a tenant abandons the leased premises in violation of the
lease, what is the landlord obligated to do to avoid unnecessary
additional costs? - ANSWER-They have a duty to mitigate
damages.
