Principles of Real Estate II Exam Questions and Answers Latest Update 2025
In the real estate business, which professional's primary role is to make improvements to land? -
Answers Real estate developer
Hotels, motels, golf courses, resorts, and sporting arenas belong to which of these property categories? -
Answers leisure
In the real estate business, which professional's primary role is to estimate property value based on
established valuation guidelines? - Answers Real Estate Appraiser
Shopping centers and malls belong to which of these property categories? - Answers Retail
Of the six categories of real estate, what types of properties are hospitals, urgent care centers, and
doctor's offices? - Answers Healthcare
In the real estate business, which professional's primary role is to protect brokerages from litigation and
to answer questions for licensees about legal matters regarding real estate transactions? - Answers Real
Estate attorney
Single-family, multi-family (duplex, triplex, etc.), apartment buildings, condominiums, and cooperatives
are part of what property category? - Answers Residential
Because these types of properties have both specific physical and complex operational requirements,
they are usually handled by more experienced real estate professionals. - Answers Industrial
Consider the travel, tourism, and hospitality industry for a moment. Visiting the best beaches? No
problem. Now consider acting as a real estate licensee specializing in resort and vacation properties. It's
a whole different beach volleyball game, right? What type of information should licensees know and
understand before they can competently represent clients in this specialty area? - Answers The
regulations for timeshare properties and vacation rentals
Timeshare properties are also referred to as _________________. - Answers Resort Properties
What's required in order to call an auction? - Answers an auctioneer's license
Luciana is very successful in her profession, partially because she was fortunate enough to connect with
several developers in the early days of her career. Since then, she's built a solid reputation as the "go to"
person in the state to list properties on the MLS and show model homes in newly developed
communities. What's Luciana's profession? - Answers Shes a real estate licensee
Bryant is a professional who spends his days drafting plans for new communities. He must consider what
these newly developed areas of town will require, including streets and open areas like parks. In what
profession does Bryant specialize? - Answers He's a planner
Where do live auctions typically take place? - Answers On the steps of the local courthouse
, Sam has a degree and experience in agricultural studies. In which of the following real estate areas
would Sam's education and experience be the most helpful? - Answers Farm and ranch properties
Richard just purchased 200 acres of timber land. He initially wanted his nephew, licensee Randy, to help
with the purchase, but Randy suggested Richard find a broker who specialized in farm, ranch, and other
land sales. What benefits timberland offer? - Answers Land with trees
Petroleum landmen specialize in the negotiation of contracts covering what aspect of land ownership? -
Answers Oil and mineral rights
Which of the following are all examples of private land use control? - Answers Easement, lien, deed
restriction
Shemar owns a starter home a few miles outside the city center, and he wants to deed it to his
grandson, Tyler. According to the paperwork Shemar had drawn up, Tyler will own the property as long
as he continues to pay the property taxes on time. After the second late property tax payment,
ownership reverts to Shemar. What did Shemar place on the deed? - Answers Deed condition
Which of the following describes a deed restriction? - Answers It can be placed on a single property, an
entire subdivision or a neighborhood
When referring to private land use restrictions, fence height, additional structures, and architectural
design are generally categorized under ______. - Answers Covenants
The doctrine of "use it or lose it" is known as the doctrine of ______. - Answers Laches
Jason, your client, is developing a subdivision of 140 houses. He may place deed restrictions on as many
as ______ properties. - Answers 140 (100%)
What does CC&R stand for? - Answers Conditions, covenants and restrictions
Deed restrictions imposed by a developer who wants to maintain specific standards in a subdivision
under development are often called ______. - Answers Restrictive covenants
Tammy and Reginald bought a house with a gas line easement on the property. An easement like this
one placed by the utility company is an example of a ______. - Answers Private land control
Subdivision regulations imposed by developers in an effort to maintain control of the development of
the subdivision are an example of ______. - Answers Private land use control
Which of the following that limits the use of the property and may be included in the deed itself is
usually placed on the land by the owner when the property is sold? - Answers restriction
Which of these buildings and areas are typically owned by the public? - Answers Municipal buildings,
schools, parks, and military bases
In the real estate business, which professional's primary role is to make improvements to land? -
Answers Real estate developer
Hotels, motels, golf courses, resorts, and sporting arenas belong to which of these property categories? -
Answers leisure
In the real estate business, which professional's primary role is to estimate property value based on
established valuation guidelines? - Answers Real Estate Appraiser
Shopping centers and malls belong to which of these property categories? - Answers Retail
Of the six categories of real estate, what types of properties are hospitals, urgent care centers, and
doctor's offices? - Answers Healthcare
In the real estate business, which professional's primary role is to protect brokerages from litigation and
to answer questions for licensees about legal matters regarding real estate transactions? - Answers Real
Estate attorney
Single-family, multi-family (duplex, triplex, etc.), apartment buildings, condominiums, and cooperatives
are part of what property category? - Answers Residential
Because these types of properties have both specific physical and complex operational requirements,
they are usually handled by more experienced real estate professionals. - Answers Industrial
Consider the travel, tourism, and hospitality industry for a moment. Visiting the best beaches? No
problem. Now consider acting as a real estate licensee specializing in resort and vacation properties. It's
a whole different beach volleyball game, right? What type of information should licensees know and
understand before they can competently represent clients in this specialty area? - Answers The
regulations for timeshare properties and vacation rentals
Timeshare properties are also referred to as _________________. - Answers Resort Properties
What's required in order to call an auction? - Answers an auctioneer's license
Luciana is very successful in her profession, partially because she was fortunate enough to connect with
several developers in the early days of her career. Since then, she's built a solid reputation as the "go to"
person in the state to list properties on the MLS and show model homes in newly developed
communities. What's Luciana's profession? - Answers Shes a real estate licensee
Bryant is a professional who spends his days drafting plans for new communities. He must consider what
these newly developed areas of town will require, including streets and open areas like parks. In what
profession does Bryant specialize? - Answers He's a planner
Where do live auctions typically take place? - Answers On the steps of the local courthouse
, Sam has a degree and experience in agricultural studies. In which of the following real estate areas
would Sam's education and experience be the most helpful? - Answers Farm and ranch properties
Richard just purchased 200 acres of timber land. He initially wanted his nephew, licensee Randy, to help
with the purchase, but Randy suggested Richard find a broker who specialized in farm, ranch, and other
land sales. What benefits timberland offer? - Answers Land with trees
Petroleum landmen specialize in the negotiation of contracts covering what aspect of land ownership? -
Answers Oil and mineral rights
Which of the following are all examples of private land use control? - Answers Easement, lien, deed
restriction
Shemar owns a starter home a few miles outside the city center, and he wants to deed it to his
grandson, Tyler. According to the paperwork Shemar had drawn up, Tyler will own the property as long
as he continues to pay the property taxes on time. After the second late property tax payment,
ownership reverts to Shemar. What did Shemar place on the deed? - Answers Deed condition
Which of the following describes a deed restriction? - Answers It can be placed on a single property, an
entire subdivision or a neighborhood
When referring to private land use restrictions, fence height, additional structures, and architectural
design are generally categorized under ______. - Answers Covenants
The doctrine of "use it or lose it" is known as the doctrine of ______. - Answers Laches
Jason, your client, is developing a subdivision of 140 houses. He may place deed restrictions on as many
as ______ properties. - Answers 140 (100%)
What does CC&R stand for? - Answers Conditions, covenants and restrictions
Deed restrictions imposed by a developer who wants to maintain specific standards in a subdivision
under development are often called ______. - Answers Restrictive covenants
Tammy and Reginald bought a house with a gas line easement on the property. An easement like this
one placed by the utility company is an example of a ______. - Answers Private land control
Subdivision regulations imposed by developers in an effort to maintain control of the development of
the subdivision are an example of ______. - Answers Private land use control
Which of the following that limits the use of the property and may be included in the deed itself is
usually placed on the land by the owner when the property is sold? - Answers restriction
Which of these buildings and areas are typically owned by the public? - Answers Municipal buildings,
schools, parks, and military bases
