1|Page
AYPO Real Estate Principles of Real Estate II Exam
2025 – Updated Course, Practice Test & Study Guide
for Texas Real Estate License
Get ready for the AYPO Real Estate Principles of Real Estate II Exam with the latest 2025
materials. Includes updated practice tests, answer keys, and detailed explanations covering
real estate contracts, financing, agency relationships, and closing procedures. Ideal for
students completing Texas Real Estate Commission (TREC) pre-licensing requirements
through AYPO Real Estate.
• AYPO Real Estate Principles of Real Estate II Exam 2025
• AYPO Principles of Real Estate 2 answers
• AYPO Real Estate Principles of Real Estate II course
• AYPO Real Estate exam answers
A Privately run, for-profit financial institution that provides a number of services including mortgage
lending is classified as which of the following? - ANSWER-A bank
Liens, unpaid mortgages and taxes, encroachments, or defects that can limit the ability to transfer the
property to another owner are generally referred to as which of the following? - ANSWER-Clouds
The four major factors adjusted for when preforming a market comparison on a particular home DOES
NOT include: - ANSWER-Climate
The cost approach, sometimes called "appraisal by summation," bases the value estimate off of which of
the following? - ANSWER-The cost required to replace the property with a new one.
,2|Page
A home equity conversion mortgage (HECIM) is also known as a(n): - ANSWER-reverse rate mortgage
The sales contract most frequently used in Texas is the: - ANSWER-TREC Promulgated One to Four Family
Residential Contract (Resale)
Objective value is not influenced by: - ANSWER-Personal feelings or opinions in considering and
representing facts
Development sites, farms, data centers, storage facilities, senior/retirement housing facilities, medical
office buildings and facilities, and various types of student housing are types of: - ANSWER-Real Property
Assets
A property owner took out a 20-year mortgage for $97,500 with a fixed 7.5% annual interest rate. What
does the property owner pay in mortgage payments every month (principle and interest only)? (Closest
rounded answer) - ANSWER-$785
A person controls the acceptance of rent from a resident of a single-family rental and must be licensed
under the Act if the person has the authority to do what? - ANSWER-Determine where to deposit the
rent
Determine when to deposit the rent
Sigh checks or withdraw money from a trust account
A T-47 affidavit requires that a seller swear under oath to which of the following? - ANSWER-no
easements have been granted on the property and that no material change exists in the structures,
fences, or structures on adjoining properties, conveyances, or replats.
Timeshares generally which of the following? - ANSWER-1. The exclusive use of a property for a specified
number of days each year.
2. A method of dividing up and selling a living unit at a vacation facility for specified lengths of time.
Someone who passes away with a valid will in place is said to have passed "testate" which means which
of the following? - ANSWER-With a valid will.
, 3|Page
A property manager generally establishes rental rate using all except which of the following? - ANSWER-
Researching consumer price index
The number 3.14 (pi) is used for determining: - ANSWER-the are of a circle
Prorate, or pro rata, means to: - ANSWER-Proportion a cost over time and it is used to adjust an overall
payment to the actual days of usage
When a court order is used by a lessor to evict a lessee and the lessee is physically removed from the
property it is called: - ANSWER-Actual eviction
Public land use controls include all of the following except which of these? - ANSWER-Covenants
In foreclosure, in order to receive a portion of any remaining proceeds, what must a junior lienholder
do? - ANSWER-A junior leinholder must have filed a request for notice of default with a public recorder.
The BEST definition of 'highest and best use' in property valuation provided here is which of the
following? - ANSWER-A reasonably probable and legal use of vacant land or an improved property, which
is physically possible, appropriately supported, financially feasible, and that results in the highest value.
The term for an interest through a leasehold that continues for a definite period of time (which can
range from weeks to years at a time) is which of the following? - ANSWER-An estate for years
What is the investment property's market value with debts subtracted? - ANSWER-Equity
A closing disclosure is a document that lists: - ANSWER-The fees and charges imposed on the borrower
and the seller in a real estate transaction
Which of the following is/are steps in organization of a syndication? - ANSWER-Satisfying registration and
disclosure rules
AYPO Real Estate Principles of Real Estate II Exam
2025 – Updated Course, Practice Test & Study Guide
for Texas Real Estate License
Get ready for the AYPO Real Estate Principles of Real Estate II Exam with the latest 2025
materials. Includes updated practice tests, answer keys, and detailed explanations covering
real estate contracts, financing, agency relationships, and closing procedures. Ideal for
students completing Texas Real Estate Commission (TREC) pre-licensing requirements
through AYPO Real Estate.
• AYPO Real Estate Principles of Real Estate II Exam 2025
• AYPO Principles of Real Estate 2 answers
• AYPO Real Estate Principles of Real Estate II course
• AYPO Real Estate exam answers
A Privately run, for-profit financial institution that provides a number of services including mortgage
lending is classified as which of the following? - ANSWER-A bank
Liens, unpaid mortgages and taxes, encroachments, or defects that can limit the ability to transfer the
property to another owner are generally referred to as which of the following? - ANSWER-Clouds
The four major factors adjusted for when preforming a market comparison on a particular home DOES
NOT include: - ANSWER-Climate
The cost approach, sometimes called "appraisal by summation," bases the value estimate off of which of
the following? - ANSWER-The cost required to replace the property with a new one.
,2|Page
A home equity conversion mortgage (HECIM) is also known as a(n): - ANSWER-reverse rate mortgage
The sales contract most frequently used in Texas is the: - ANSWER-TREC Promulgated One to Four Family
Residential Contract (Resale)
Objective value is not influenced by: - ANSWER-Personal feelings or opinions in considering and
representing facts
Development sites, farms, data centers, storage facilities, senior/retirement housing facilities, medical
office buildings and facilities, and various types of student housing are types of: - ANSWER-Real Property
Assets
A property owner took out a 20-year mortgage for $97,500 with a fixed 7.5% annual interest rate. What
does the property owner pay in mortgage payments every month (principle and interest only)? (Closest
rounded answer) - ANSWER-$785
A person controls the acceptance of rent from a resident of a single-family rental and must be licensed
under the Act if the person has the authority to do what? - ANSWER-Determine where to deposit the
rent
Determine when to deposit the rent
Sigh checks or withdraw money from a trust account
A T-47 affidavit requires that a seller swear under oath to which of the following? - ANSWER-no
easements have been granted on the property and that no material change exists in the structures,
fences, or structures on adjoining properties, conveyances, or replats.
Timeshares generally which of the following? - ANSWER-1. The exclusive use of a property for a specified
number of days each year.
2. A method of dividing up and selling a living unit at a vacation facility for specified lengths of time.
Someone who passes away with a valid will in place is said to have passed "testate" which means which
of the following? - ANSWER-With a valid will.
, 3|Page
A property manager generally establishes rental rate using all except which of the following? - ANSWER-
Researching consumer price index
The number 3.14 (pi) is used for determining: - ANSWER-the are of a circle
Prorate, or pro rata, means to: - ANSWER-Proportion a cost over time and it is used to adjust an overall
payment to the actual days of usage
When a court order is used by a lessor to evict a lessee and the lessee is physically removed from the
property it is called: - ANSWER-Actual eviction
Public land use controls include all of the following except which of these? - ANSWER-Covenants
In foreclosure, in order to receive a portion of any remaining proceeds, what must a junior lienholder
do? - ANSWER-A junior leinholder must have filed a request for notice of default with a public recorder.
The BEST definition of 'highest and best use' in property valuation provided here is which of the
following? - ANSWER-A reasonably probable and legal use of vacant land or an improved property, which
is physically possible, appropriately supported, financially feasible, and that results in the highest value.
The term for an interest through a leasehold that continues for a definite period of time (which can
range from weeks to years at a time) is which of the following? - ANSWER-An estate for years
What is the investment property's market value with debts subtracted? - ANSWER-Equity
A closing disclosure is a document that lists: - ANSWER-The fees and charges imposed on the borrower
and the seller in a real estate transaction
Which of the following is/are steps in organization of a syndication? - ANSWER-Satisfying registration and
disclosure rules
