AYPO Real Estate Principles of Real Estate II Exam
Study Guide 2025 Update COMPREHENSIVE
FREQUENTLY TESTED QUESTIONS and verified
answers | accurate 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
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
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.
In which type of payment plan does the borrower pay a lesser amount for the first
years of the plan, often scheduled at five years, and then a higher monthly
amount in the last portion of the loan? - (ANSWER)Flexible payment plan.
What is a federal program run by the U.S. Department of the Treasury which is
intended help homeowners avoid foreclosure? - (ANSWER)The Making Home
Affordable Program.
Which of the following is a VLB qualifying requirement? - (ANSWER)The home
must remain as the veteran's primary residence for at least three years
Study Guide 2025 Update COMPREHENSIVE
FREQUENTLY TESTED QUESTIONS and verified
answers | accurate 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
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
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.
In which type of payment plan does the borrower pay a lesser amount for the first
years of the plan, often scheduled at five years, and then a higher monthly
amount in the last portion of the loan? - (ANSWER)Flexible payment plan.
What is a federal program run by the U.S. Department of the Treasury which is
intended help homeowners avoid foreclosure? - (ANSWER)The Making Home
Affordable Program.
Which of the following is a VLB qualifying requirement? - (ANSWER)The home
must remain as the veteran's primary residence for at least three years
