AYPO Real Estate Principles of Real
Estate II Exam Study Guide 2026
Questions and Answers
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
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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, 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.
A privately run, for-profit financial institution that provides a number of services
including mortgage lending is a... - Correct 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? - Correct 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? - Correct answer-The Making Home
Affordable Program.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
Estate II Exam Study Guide 2026
Questions and Answers
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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,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
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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, 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.
A privately run, for-profit financial institution that provides a number of services
including mortgage lending is a... - Correct 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? - Correct 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? - Correct answer-The Making Home
Affordable Program.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
