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AYPO REAL ESTATE PRINCIPLES OF
REAL ESTATE II EXAM QUESTIONS AND
ANSWERS 2025
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) - correct answer- 270 square feet
An applicant is allowed to use what electronic devices during
the real estate exam? - correct answer- Hand-held calculator
Convert the following fraction to a decimal for ease of
computation: 31/25 - correct answer- 1.24
What is the general formula to determine Capital Gain? -
correct 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) - correct answer- $58,800
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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? - correct answer-
$784.87
What is the basic formula for determining the proration of fees?
- correct 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? - correct answer- 4450 ft2
How many hours must an applicant provide that are acceptable
and verifiable appraisal experience acquired over a minimum of
12 months? - correct answer- 1,500 hours
What is functional obsolescence? - correct answer- The loss of
property value due to qualities of the property that cannot be
easily changed
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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? - correct 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? - correct 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? - correct answer- Cost
approach.
A CMA is what? - correct 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? - correct answer- Origination points.
AYPO REAL ESTATE PRINCIPLES OF
REAL ESTATE II EXAM QUESTIONS AND
ANSWERS 2025
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) - correct answer- 270 square feet
An applicant is allowed to use what electronic devices during
the real estate exam? - correct answer- Hand-held calculator
Convert the following fraction to a decimal for ease of
computation: 31/25 - correct answer- 1.24
What is the general formula to determine Capital Gain? -
correct 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) - correct answer- $58,800
,2 | Page
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? - correct answer-
$784.87
What is the basic formula for determining the proration of fees?
- correct 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? - correct answer- 4450 ft2
How many hours must an applicant provide that are acceptable
and verifiable appraisal experience acquired over a minimum of
12 months? - correct answer- 1,500 hours
What is functional obsolescence? - correct answer- The loss of
property value due to qualities of the property that cannot be
easily changed
, 3 | Page
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? - correct 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? - correct 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? - correct answer- Cost
approach.
A CMA is what? - correct 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? - correct answer- Origination points.
