Texas Principles of Real Estate - Part 2 Exam
Questions with correct Answers
The /liquidation /of /a /financial /obligation /on /an /installment /basis /is /referred /to /as...?
Buy-down
Discounting
Amortization
None /of /the /above /- /correct /answer(s) /✔✔ /Amortization
Which /of /the /following /is /used /by /lenders /to /increase /the /lender's /yield /on /the /loan /without
/increasing /the /annual /interest /rate...?
Amortization
Loan /discount /points
Balloon /payments
Reduced /broker /fees /- /correct /answer(s) /✔✔ /Loan /discount /points
The /term /"point" /is /slang: /
0.1% /
1% /
2% /
10% /- /correct /answer(s) /✔✔ /1%
In /an /improper /fraction, /the /............... /is /larger /than /the /denominator?
Numerator
,Root
Decimal
Integer /- /correct /answer(s) /✔✔ /Numerator
5/4 /is /an /example /of /a/an...?
Integrated /fraction
Root /fraction
Improper /fraction
Proper /fraction /- /correct /answer(s) /✔✔ /Improper /fraction
Improper /fractions /are /always /greater /than...?
0.01
0.1
0.5
1 /- /correct /answer(s) /✔✔ /1
1-1/4 /is /an /example /of /a...?
Proper /fraction
Mixed /number
Numerator
Denominator /- /correct /answer(s) /✔✔ /Mixed /number
8/7 /is /an /example /of /a/an...?
Improper /fraction
Integrated /fraction
Root /fraction
,Proper /fraction /- /correct /answer(s) /✔✔ /Improper /fraction
8/5 /is /equal /to...?
0.625
1.6
1.8
5.0 /- /correct /answer(s) /✔✔ /1.6
The /bottom /number /in /a /written /fraction /is /called /the...?
Denominator
Numerator
Root
Integer /- /correct /answer(s) /✔✔ /Denominator
Which /of /the /following /loan /terms /will /yield /the /highest /monthly /mortgage /payment...?
10 /years
15 /years
20 /years
30 /years /- /correct /answer(s) /✔✔ /10 /years
The /liquidation /of /a /financial /obligation /on /an /installment /basis /is /referred /to /as...?
Buy-down
Discounting
Amortization
None /of /the /above /- /correct /answer(s) /✔✔ /Amortization
, Which /of /the /following /is /used /by /lenders /to /increase /the /lender's /yield /on /the /loan /without
/increasing /the /annual /interest /rate...?
Amortization
Loan /discount /points
Balloon /payments
Reduced /broker /fees /- /correct /answer(s) /✔✔ /Loan /discount /points
If /a /lender /charges /a /1 /point /origination /fee, /what /will /be /the /cost /of /the /origination /fee...?
0.1% /of /the /loan
1% /of /the /loan
2% /of /the /loan
10% /of /the /loan /- /correct /answer(s) /✔✔ /1% /of /the /loan
A /fibrous /mineral /found /in /many /building /materials /that /when /improperly /disturbed, /can
/cause /serious /lung /diseases /is /known /as...?
Asbestos
Radon
UFFI
Mold /- /correct /answer(s) /✔✔ /Asbestos
A /quality /of /some /asbestos /that /causes /it /to /crumble, /allowing /toxic /particles /to /escape /into
/the /air /and /lodge /in /people's /lungs /is /known /as...?
Malleable
Expandable
Friable
Contracting /- /correct /answer(s) /✔✔ /Friable
Questions with correct Answers
The /liquidation /of /a /financial /obligation /on /an /installment /basis /is /referred /to /as...?
Buy-down
Discounting
Amortization
None /of /the /above /- /correct /answer(s) /✔✔ /Amortization
Which /of /the /following /is /used /by /lenders /to /increase /the /lender's /yield /on /the /loan /without
/increasing /the /annual /interest /rate...?
Amortization
Loan /discount /points
Balloon /payments
Reduced /broker /fees /- /correct /answer(s) /✔✔ /Loan /discount /points
The /term /"point" /is /slang: /
0.1% /
1% /
2% /
10% /- /correct /answer(s) /✔✔ /1%
In /an /improper /fraction, /the /............... /is /larger /than /the /denominator?
Numerator
,Root
Decimal
Integer /- /correct /answer(s) /✔✔ /Numerator
5/4 /is /an /example /of /a/an...?
Integrated /fraction
Root /fraction
Improper /fraction
Proper /fraction /- /correct /answer(s) /✔✔ /Improper /fraction
Improper /fractions /are /always /greater /than...?
0.01
0.1
0.5
1 /- /correct /answer(s) /✔✔ /1
1-1/4 /is /an /example /of /a...?
Proper /fraction
Mixed /number
Numerator
Denominator /- /correct /answer(s) /✔✔ /Mixed /number
8/7 /is /an /example /of /a/an...?
Improper /fraction
Integrated /fraction
Root /fraction
,Proper /fraction /- /correct /answer(s) /✔✔ /Improper /fraction
8/5 /is /equal /to...?
0.625
1.6
1.8
5.0 /- /correct /answer(s) /✔✔ /1.6
The /bottom /number /in /a /written /fraction /is /called /the...?
Denominator
Numerator
Root
Integer /- /correct /answer(s) /✔✔ /Denominator
Which /of /the /following /loan /terms /will /yield /the /highest /monthly /mortgage /payment...?
10 /years
15 /years
20 /years
30 /years /- /correct /answer(s) /✔✔ /10 /years
The /liquidation /of /a /financial /obligation /on /an /installment /basis /is /referred /to /as...?
Buy-down
Discounting
Amortization
None /of /the /above /- /correct /answer(s) /✔✔ /Amortization
, Which /of /the /following /is /used /by /lenders /to /increase /the /lender's /yield /on /the /loan /without
/increasing /the /annual /interest /rate...?
Amortization
Loan /discount /points
Balloon /payments
Reduced /broker /fees /- /correct /answer(s) /✔✔ /Loan /discount /points
If /a /lender /charges /a /1 /point /origination /fee, /what /will /be /the /cost /of /the /origination /fee...?
0.1% /of /the /loan
1% /of /the /loan
2% /of /the /loan
10% /of /the /loan /- /correct /answer(s) /✔✔ /1% /of /the /loan
A /fibrous /mineral /found /in /many /building /materials /that /when /improperly /disturbed, /can
/cause /serious /lung /diseases /is /known /as...?
Asbestos
Radon
UFFI
Mold /- /correct /answer(s) /✔✔ /Asbestos
A /quality /of /some /asbestos /that /causes /it /to /crumble, /allowing /toxic /particles /to /escape /into
/the /air /and /lodge /in /people's /lungs /is /known /as...?
Malleable
Expandable
Friable
Contracting /- /correct /answer(s) /✔✔ /Friable
