Texas Real Estate Principles 2024 Actual Final Exam And Practice Questions 250 Questions With Detailed Verified Answers (100% Correct Answers) /Already Graded A+

12/8/24, 3:51 AM TEXAS REAL ESTATE PRINCIPLES 2024 ACTUAL FINAL EXAM AND PRACTICE QUESTIONS 250 QUESTIONS WITH DETAIL…




TEXAS REAL ESTATE PRINCIPLES 2024 ACTUAL
FINAL EXAM AND PRACTICE QUESTIONS 250
QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY GRADED
A+


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Terms in this set (84)


Personal property may C. Attachment
become real property by
the process of:


a. devise.
b. reliction.
c. attachment.
d. alienation.



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,12/8/24, 3:51 AM TEXAS REAL ESTATE PRINCIPLES 2024 ACTUAL FINAL EXAM AND PRACTICE QUESTIONS 250 QUESTIONS WITH DETAIL…

If a property generates a C. There must be a substantial increase in property
negative cash flow, in value
order to be an attractive
investment to a
prospective purchaser:


a. there must be a
substantial down payment.
b. there must be a large
depreciable base.
c. there must be a
substantial increase in
property value.
d. there must be little
deferred maintenance.

The closed sales price of D. Gross rent multipier
an income property
divided by its gross
monthly rent equals the:


a. estimated market value.
b. capitalization rate.
c. gross income multiplier.
d. gross rent multiplier

What is 75% of $250,000? A. $187,000


a. $187,500
b. $182,500
c. $62,500
d. none of the above




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,12/8/24, 3:51 AM TEXAS REAL ESTATE PRINCIPLES 2024 ACTUAL FINAL EXAM AND PRACTICE QUESTIONS 250 QUESTIONS WITH DETAIL…

Racial discrimination under C. Federal court
the Civil Rights
Act of 1866 is enforced by:


a. local jurisdiction.
b. state court.
c. federal court.
d. justice of the peace
court.

Under eminent domain, if C. Condemnation
the parties cannot
agree to property value,
which type of lawsuit
will be filed by a city to
take the property for
public use?


a. annexation
b. injunction
c. condemnation
d. specific performance

The term that describes A. Loan-to-Value
the percentage of the
appraised value of a
property that a lender will
finance is called:


a. loan-to-value ratio.
b. owner's equity.
c. certificate of
reasonable value.
d. capital investment




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, 12/8/24, 3:51 AM TEXAS REAL ESTATE PRINCIPLES 2024 ACTUAL FINAL EXAM AND PRACTICE QUESTIONS 250 QUESTIONS WITH DETAIL…

Abby is purchasing a C. if the value of the collateral satisfies the
home with a mortgage lender's underwriting guidelines for the
loan and is paying for an loan.
appraisal of the property.
The appraisal is made to
determine:


a. if Abby got a good
deal.
b. if the seller had the
house priced right.
c. if the value of the
collateral satisfies the
lender's underwriting
guidelines for the
loan.
d. whether the buyer's
financing requirements
meet the underwriting
guidelines for the
loan




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