AYPO Real Estate Principles of Real
Estate II Exam Study Guide 2025/2026
Exam Questions and Answers | 100%
Solved
If the base side of a triangular plot measures 45' and the height line measures 12',
what is the area of the plot in square feet?([b x h] x ½ = A) - 🧠ANSWER ✔✔270
square feet
An applicant is allowed to use what electronic devices during the real estate exam?
- 🧠ANSWER ✔✔Hand-held calculator
Convert the following fraction to a decimal for ease of computation: 31/25 -
🧠ANSWER ✔✔1.24
What is the general formula to determine Capital Gain? - 🧠ANSWER ✔✔Profit
from Sale - Base Value = Capital Gain
A property owner borrows $490,000 at a 12% interest rate. How much interest
accumulates in the first year?(Interest Rate = Interest / Principle) - 🧠ANSWER
✔✔$58,800
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 1
STATEMENT. ALL RIGHTS RESERVED
,A property owner has a 20-year mortgage that is worth $97,500 with a 7.5%
annual interest rate. What does the property owner pay in mortgage payments
every month? - 🧠ANSWER ✔✔$784.87
What is the basic formula for determining the proration of fees? - 🧠ANSWER
✔✔Tax or Fee Rate x Remaining Days or Months = Tax or Fee Owed
A house has 3 distinct rectangular shapes:
A=20'x30'
B=10'x10'
C=75'x50'
What is the square footage total? - 🧠ANSWER ✔✔4450 ft2
How many hours must an applicant provide that are acceptable and verifiable
appraisal experience acquired over a minimum of 12 months? - 🧠ANSWER
✔✔1,500 hours
What is functional obsolescence? - 🧠ANSWER ✔✔The loss of property value due
to qualities of the property that cannot be easily changed
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 2
STATEMENT. ALL RIGHTS RESERVED
, What is the most probable price which a property should bring in a competitive
and open market under all conditions requisite to a fair sale, the buyer and seller
each acting prudently and knowledgeably? - 🧠ANSWER ✔✔Market value
Which of the following objective value means the value of a piece of property will
rise or fall because of a future benefit or a future complication? - 🧠ANSWER
✔✔Anticipation
Replacement cost, or the dollar amount it would cost to construct at current prices
a structure that is not exactly the same is in which type of appraisal? - 🧠ANSWER
✔✔Cost approach.
A CMA is what? - 🧠ANSWER ✔✔Comparative Market Analysis
What are fees paid to the lender to compensate the loan company or bank for
evaluating, processing, and approving a mortgage? - 🧠ANSWER ✔✔Origination
points.
A privately run, for-profit financial institution that provides a number of services
including mortgage lending is a... - 🧠ANSWER ✔✔Bank.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 3
STATEMENT. ALL RIGHTS RESERVED
Estate II Exam Study Guide 2025/2026
Exam Questions and Answers | 100%
Solved
If the base side of a triangular plot measures 45' and the height line measures 12',
what is the area of the plot in square feet?([b x h] x ½ = A) - 🧠ANSWER ✔✔270
square feet
An applicant is allowed to use what electronic devices during the real estate exam?
- 🧠ANSWER ✔✔Hand-held calculator
Convert the following fraction to a decimal for ease of computation: 31/25 -
🧠ANSWER ✔✔1.24
What is the general formula to determine Capital Gain? - 🧠ANSWER ✔✔Profit
from Sale - Base Value = Capital Gain
A property owner borrows $490,000 at a 12% interest rate. How much interest
accumulates in the first year?(Interest Rate = Interest / Principle) - 🧠ANSWER
✔✔$58,800
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 1
STATEMENT. ALL RIGHTS RESERVED
,A property owner has a 20-year mortgage that is worth $97,500 with a 7.5%
annual interest rate. What does the property owner pay in mortgage payments
every month? - 🧠ANSWER ✔✔$784.87
What is the basic formula for determining the proration of fees? - 🧠ANSWER
✔✔Tax or Fee Rate x Remaining Days or Months = Tax or Fee Owed
A house has 3 distinct rectangular shapes:
A=20'x30'
B=10'x10'
C=75'x50'
What is the square footage total? - 🧠ANSWER ✔✔4450 ft2
How many hours must an applicant provide that are acceptable and verifiable
appraisal experience acquired over a minimum of 12 months? - 🧠ANSWER
✔✔1,500 hours
What is functional obsolescence? - 🧠ANSWER ✔✔The loss of property value due
to qualities of the property that cannot be easily changed
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 2
STATEMENT. ALL RIGHTS RESERVED
, What is the most probable price which a property should bring in a competitive
and open market under all conditions requisite to a fair sale, the buyer and seller
each acting prudently and knowledgeably? - 🧠ANSWER ✔✔Market value
Which of the following objective value means the value of a piece of property will
rise or fall because of a future benefit or a future complication? - 🧠ANSWER
✔✔Anticipation
Replacement cost, or the dollar amount it would cost to construct at current prices
a structure that is not exactly the same is in which type of appraisal? - 🧠ANSWER
✔✔Cost approach.
A CMA is what? - 🧠ANSWER ✔✔Comparative Market Analysis
What are fees paid to the lender to compensate the loan company or bank for
evaluating, processing, and approving a mortgage? - 🧠ANSWER ✔✔Origination
points.
A privately run, for-profit financial institution that provides a number of services
including mortgage lending is a... - 🧠ANSWER ✔✔Bank.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 3
STATEMENT. ALL RIGHTS RESERVED
