TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIO
A & B) 2024-2025 ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CO
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fhu4jx
1. Which class of office building is aimed Class C
at tenants requiring functional space at
below-average rents for the area? Class C office buildings com-
mand below-average rates for
the area. They're functional, but
not prestigious.
2. With a triple net lease, the tenant pays Taxes, insurance, and mainte-
_______ separately from the base rent. nance
3. When two very similar properties are for The lower priced home
sale in the same neighborhood, which
one will sell first according to the prin-
ciple of substitution?
4. To protect themselves from liability, it's Stay up to date on local land-
a good idea for property managers to lord-tenant laws
______.
5. According to the International Council Factory outlet
for Shopping Centers, which commer-
cial property comprises only 1% of the
retail industry?
6. Which payment plan consists of the bor- Fully amortized loan payment
rower paying a constant amount made plan
up of principal and interest on a periodic
basis (usually monthly)?
7. Why are many middle-income coopera- To make resale easier
tives converted to condominiums?
8. What type of lease is used most often percentage
with community shopping centers?
9. Property taxes generate approximately one third (1/3)
______ of local government revenue.
, TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIO
A & B) 2024-2025 ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CO
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fhu4jx
10. Brittany has a small office in a profes- Gross lease
sional building. She has a set monthly
lease payment that has been calculated
to include maintenance of the common
areas in the building, such as the re-
stroom and small kitchen, and all nets,
utilities, and janitorial charges for her
space. The payment also includes taxes
and insurance. The landlord takes these
payments and pays the individual ex-
penses himself. What type of lease does
Brittany have?
11. Which of the following statements best The lender must seek the court's
describes the judicial foreclosure and permission to foreclose on the
sale process? property used as collateral for
the loan.
12. What's compound interest? Interest that's reinvested into an
account that then earns interest
13. The owner's covenants and an insur- Property management agree-
ance provision are included in which of ment
the following documents?
14. What's the name of the tax program that Foreign Investment in Real Es-
requires a withholding of a portion of tate Property Tax Act (FIRPTA)
the gross purchase price when foreign
owners of real estate in the U.S. sell that
property?
15. Jenner purchased his first home, to A freehold estate
which he'll have access forever, as far as
he knows. Jenner owns ______.
16. What is the formal action to impose the levy
property tax?
, TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIO
A & B) 2024-2025 ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CO
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fhu4jx
17. Which clause in a commercial lease de- Use
termines how the tenant may use the
space?
18. The element of a deed that signifies the Act of conveyance
grantor's intention to transfer title to the
grantee is the ______.
19. Lyn runs a brokerage and maintains a As long as Lyn's state requires
master file for all the office transactions.
The file must be maintained for how All files must be maintained on
long? state law requirements.
20. Milo is interested in converting his Make certain the conversion will
rental properties into condominiums. be allowed by the local govern-
He's completed his feasibility study and ment
determined that the conversion costs
will pay for themselves at sale time and
the market will support the conversion.
What else does Milo need to do prior to
conversion?
21. Ricky Nubbins is three months behind Eviction
in his rent and has received several re-
minders from the landlord that the rent
is past due. As a result, the landlord has
begun working through proper channels
to legally end Ricky's lease before the
contract end date. The landlord is termi-
nating his lease through ______.
22. If you and a sibling both inherited your Quitclaim deed
father's property when he died, what
type of deed would you need to get from
your sibling in order to be the sole owner
of the property?
23. Merchants' association
, TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIO
A & B) 2024-2025 ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CO
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fhu4jx
What is the name of the tenant group
that, along with the property manager, is
responsible for regional shopping cen-
ter promotional activities?
24. Quentin is a victim of fair housing dis- There is no limit
crimination who is seeking redress in
federal court. What is the limit on the
amount of punitive damages he may be
awarded?
25. Which of the following is a passive type limited partnership
of real estate investment?
26. Which statement best describes an Debt that is paid off by making
amortized loan? periodic payments consisting of
interest and principal
With an amortized loan, the prin-
cipal is paid down over the life
of the loan according to an
amortization schedule, typically
through equal payments.
27. Kristoff got a bit behind on his mortgage Repayment plan
and missed several payments. He and
his lender devised a schedule that gives
Kristoff an opportunity to make up those
delinquent payments. What is this an ex-
ample of?
28. Kali's good at bargaining. She's willing Leasing the property
to concede some things in order to en-
tice a new tenant into taking one of
the rental spaces in the mall, but she
always ensures that she's looking out
for the owner's interests by including
a certain number of escalation claus-
A & B) 2024-2025 ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CO
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fhu4jx
1. Which class of office building is aimed Class C
at tenants requiring functional space at
below-average rents for the area? Class C office buildings com-
mand below-average rates for
the area. They're functional, but
not prestigious.
2. With a triple net lease, the tenant pays Taxes, insurance, and mainte-
_______ separately from the base rent. nance
3. When two very similar properties are for The lower priced home
sale in the same neighborhood, which
one will sell first according to the prin-
ciple of substitution?
4. To protect themselves from liability, it's Stay up to date on local land-
a good idea for property managers to lord-tenant laws
______.
5. According to the International Council Factory outlet
for Shopping Centers, which commer-
cial property comprises only 1% of the
retail industry?
6. Which payment plan consists of the bor- Fully amortized loan payment
rower paying a constant amount made plan
up of principal and interest on a periodic
basis (usually monthly)?
7. Why are many middle-income coopera- To make resale easier
tives converted to condominiums?
8. What type of lease is used most often percentage
with community shopping centers?
9. Property taxes generate approximately one third (1/3)
______ of local government revenue.
, TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIO
A & B) 2024-2025 ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CO
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fhu4jx
10. Brittany has a small office in a profes- Gross lease
sional building. She has a set monthly
lease payment that has been calculated
to include maintenance of the common
areas in the building, such as the re-
stroom and small kitchen, and all nets,
utilities, and janitorial charges for her
space. The payment also includes taxes
and insurance. The landlord takes these
payments and pays the individual ex-
penses himself. What type of lease does
Brittany have?
11. Which of the following statements best The lender must seek the court's
describes the judicial foreclosure and permission to foreclose on the
sale process? property used as collateral for
the loan.
12. What's compound interest? Interest that's reinvested into an
account that then earns interest
13. The owner's covenants and an insur- Property management agree-
ance provision are included in which of ment
the following documents?
14. What's the name of the tax program that Foreign Investment in Real Es-
requires a withholding of a portion of tate Property Tax Act (FIRPTA)
the gross purchase price when foreign
owners of real estate in the U.S. sell that
property?
15. Jenner purchased his first home, to A freehold estate
which he'll have access forever, as far as
he knows. Jenner owns ______.
16. What is the formal action to impose the levy
property tax?
, TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIO
A & B) 2024-2025 ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CO
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fhu4jx
17. Which clause in a commercial lease de- Use
termines how the tenant may use the
space?
18. The element of a deed that signifies the Act of conveyance
grantor's intention to transfer title to the
grantee is the ______.
19. Lyn runs a brokerage and maintains a As long as Lyn's state requires
master file for all the office transactions.
The file must be maintained for how All files must be maintained on
long? state law requirements.
20. Milo is interested in converting his Make certain the conversion will
rental properties into condominiums. be allowed by the local govern-
He's completed his feasibility study and ment
determined that the conversion costs
will pay for themselves at sale time and
the market will support the conversion.
What else does Milo need to do prior to
conversion?
21. Ricky Nubbins is three months behind Eviction
in his rent and has received several re-
minders from the landlord that the rent
is past due. As a result, the landlord has
begun working through proper channels
to legally end Ricky's lease before the
contract end date. The landlord is termi-
nating his lease through ______.
22. If you and a sibling both inherited your Quitclaim deed
father's property when he died, what
type of deed would you need to get from
your sibling in order to be the sole owner
of the property?
23. Merchants' association
, TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIO
A & B) 2024-2025 ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CO
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fhu4jx
What is the name of the tenant group
that, along with the property manager, is
responsible for regional shopping cen-
ter promotional activities?
24. Quentin is a victim of fair housing dis- There is no limit
crimination who is seeking redress in
federal court. What is the limit on the
amount of punitive damages he may be
awarded?
25. Which of the following is a passive type limited partnership
of real estate investment?
26. Which statement best describes an Debt that is paid off by making
amortized loan? periodic payments consisting of
interest and principal
With an amortized loan, the prin-
cipal is paid down over the life
of the loan according to an
amortization schedule, typically
through equal payments.
27. Kristoff got a bit behind on his mortgage Repayment plan
and missed several payments. He and
his lender devised a schedule that gives
Kristoff an opportunity to make up those
delinquent payments. What is this an ex-
ample of?
28. Kali's good at bargaining. She's willing Leasing the property
to concede some things in order to en-
tice a new tenant into taking one of
the rental spaces in the mall, but she
always ensures that she's looking out
for the owner's interests by including
a certain number of escalation claus-
