THE CE SHOP TX PRINCIPLES OF REAL
ESTATE II EXAM QUESTIONS AND
ANSWERS
The Retail Category - Answer-Neighborhood shopping centers (strip malls)
Regional shopping malls
The Specialty Category - Answer-Mixed-Use
Combined retail/residential
Planned Unit
High-density, zoning mix
Transit-Oriented
Near transportation hub
Private Land Controls - Answer-Easements, Liens, and Deed Restrictions
Residential Zone - Answer-single-family or multi-family including a duplex or a high rise
apartment
Accessory Apartment/Accessory Use - Answer-An additional property subordinate to
the main use of the property such as an equipment shed or mother-in-law suite
Home Occupation - Answer-A residential zone where the residents of the dwelling
conduct business out of their home.
Group home - Answer-Residential facilities for unrelated individuals with physical,
mental, or behavioral disabilities. These are protected by the Fair Housing Act.
Special/Conditional Use Permit - Answer-Given to those who want to use a property in a
way that isnt in accordance with zoning regulations; but provides a service that was in
the public interest, like a golf course.
Moratorium - Answer-(n.) a suspension of activity; an official waiting period; an
authorized period of delay
Variance/Use Variance - Answer-Permission obtained from zoning authorities to build a
structure or conduct a use that is expressly prohibited by the current zoning laws; an
exception from the zoning ordinances.
Area Variance - Answer-An exception that allows a property owner to legally deviate
from certain building codes or setback requirements.
, Nonconforming use - Answer-A pre-existing use of land which does not conform to the
zoning ordinance but which may legally remain. When it is sold, the new owners will
have to comply with current zoning.
Incentive Zoning - Answer-A system by which developers receive zoning incentives on
the condition that specific physical, social, or cultural benefits are provided to the
community.
Bulk Zoning Regulations - Answer-Restrict the density of buildings in an area through
building design requirements such as floor-area-ratios (FAR), setbacks, lot size, building
placement, and open requirements.
Aesthetic Zoning - Answer-Requires buildings to conform to architectural style & design
Private Land Use Controls - Answer-The regulations of land use by individuals or
nongovernment (private) organizations in the form of deed restrictions and restrictive
covenants.
Deed Restrictions - Answer-Clauses in a deed limiting the future uses or appearance of
the property.
What are CC&Rs - Answer-Conditions-contingencies in which a property might be won
or lost if the condition is violated
Covenants-agreements between two or more parties that, if violated, can be terminated
Restrictions- limits on a specific property
Appraiser Trainee - Answer-Works under supervision of an appraiser.
- Must complete 75 hours of qualifying real estate education+ a TALCB Approved 4
hour course within a 5 year period of prior to the date of application
Licensed Real Estate Appraiser - Answer--Works with Federally Related transactions,
non-complex one-to four- unit residential properties with a transaction value of LESS
THAN 1 MILLION
-Commercial properties having a transaction value of LESS THAN 250 mil
-MAY NOT APPRAISE SUBDIVISIONS
Educational Requirements of a Licensed Real Estate Appraiser - Answer--Associates
degree (or higher)-OR 30 semester credit hours-from an accredited college or university
-75 additional hours of TALCB-specified courses (ontop of the appraisal trainee hours)
(150 hrs in total)
-At least 2k hours of appraisal work experience over a minimum of 12 months
Certified Real Estate Appraiser - Answer-Works with all types of real property without
regard to transaction value or complexity
-Bachelors Degree or higher
-300 total hours of appraisal education
ESTATE II EXAM QUESTIONS AND
ANSWERS
The Retail Category - Answer-Neighborhood shopping centers (strip malls)
Regional shopping malls
The Specialty Category - Answer-Mixed-Use
Combined retail/residential
Planned Unit
High-density, zoning mix
Transit-Oriented
Near transportation hub
Private Land Controls - Answer-Easements, Liens, and Deed Restrictions
Residential Zone - Answer-single-family or multi-family including a duplex or a high rise
apartment
Accessory Apartment/Accessory Use - Answer-An additional property subordinate to
the main use of the property such as an equipment shed or mother-in-law suite
Home Occupation - Answer-A residential zone where the residents of the dwelling
conduct business out of their home.
Group home - Answer-Residential facilities for unrelated individuals with physical,
mental, or behavioral disabilities. These are protected by the Fair Housing Act.
Special/Conditional Use Permit - Answer-Given to those who want to use a property in a
way that isnt in accordance with zoning regulations; but provides a service that was in
the public interest, like a golf course.
Moratorium - Answer-(n.) a suspension of activity; an official waiting period; an
authorized period of delay
Variance/Use Variance - Answer-Permission obtained from zoning authorities to build a
structure or conduct a use that is expressly prohibited by the current zoning laws; an
exception from the zoning ordinances.
Area Variance - Answer-An exception that allows a property owner to legally deviate
from certain building codes or setback requirements.
, Nonconforming use - Answer-A pre-existing use of land which does not conform to the
zoning ordinance but which may legally remain. When it is sold, the new owners will
have to comply with current zoning.
Incentive Zoning - Answer-A system by which developers receive zoning incentives on
the condition that specific physical, social, or cultural benefits are provided to the
community.
Bulk Zoning Regulations - Answer-Restrict the density of buildings in an area through
building design requirements such as floor-area-ratios (FAR), setbacks, lot size, building
placement, and open requirements.
Aesthetic Zoning - Answer-Requires buildings to conform to architectural style & design
Private Land Use Controls - Answer-The regulations of land use by individuals or
nongovernment (private) organizations in the form of deed restrictions and restrictive
covenants.
Deed Restrictions - Answer-Clauses in a deed limiting the future uses or appearance of
the property.
What are CC&Rs - Answer-Conditions-contingencies in which a property might be won
or lost if the condition is violated
Covenants-agreements between two or more parties that, if violated, can be terminated
Restrictions- limits on a specific property
Appraiser Trainee - Answer-Works under supervision of an appraiser.
- Must complete 75 hours of qualifying real estate education+ a TALCB Approved 4
hour course within a 5 year period of prior to the date of application
Licensed Real Estate Appraiser - Answer--Works with Federally Related transactions,
non-complex one-to four- unit residential properties with a transaction value of LESS
THAN 1 MILLION
-Commercial properties having a transaction value of LESS THAN 250 mil
-MAY NOT APPRAISE SUBDIVISIONS
Educational Requirements of a Licensed Real Estate Appraiser - Answer--Associates
degree (or higher)-OR 30 semester credit hours-from an accredited college or university
-75 additional hours of TALCB-specified courses (ontop of the appraisal trainee hours)
(150 hrs in total)
-At least 2k hours of appraisal work experience over a minimum of 12 months
Certified Real Estate Appraiser - Answer-Works with all types of real property without
regard to transaction value or complexity
-Bachelors Degree or higher
-300 total hours of appraisal education
