AYOP Real Estate Final Exam Prep Questions and
Answers
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Terms in this set (323)
To be valid for more than It must be in wriitng
a year, a covenant,
condition, and restriction
(CC&R) must meet which
of the following
conditions?
How are gross income By dividing the asking price of a property by the gross
multipliers calculated? monthly income generated by that property
If a landlord pays the A gross lease
property taxes, the
property insurance
premiums, the
maintenance costs for the
property, utilities costs,
and the costs of any
janitorial service, which of
the following types of
leases are the tenants
under?
,Which of the following Whether the title is clear
potential issues is not
typically within the scope
of the real estate license
to determine when trying
to assist a client?
To ensure an accurate A separate ledger should be kept for each client
account of funds for each
customer who has a client
trust account.....
Under the topic of trust To make sure that the customer submits any monies
accounts, what is the best needed as early as possible, and to know when the
practice regarding deposit clears by keeping up to date with the bank
deposits? records
If a broker were to place a Commingling
client trust account into an
unauthorized interest
earning account would
this be considered
commingling, conversion,
or neither?
,A licensee may use the All of these
term "team" or "group" to
advertise if:
a. the licensee members
of the team or group are
associated with the same
principal broker or
property manager
b. the use of the term
team is not deceptively
similar in name under
which any other person is
lawfully doing business
c. All of these
d. the use of the term
does not constitute the
unlawful use of a trade
name
In Oregon, if a lender 25 days
wishes to foreclose on a
delinquent homeowner,
how long does the
homeowner have to
respond to the lender's
notice to request
mediation?
In a water shortage, what Priority
determines who gets the
water under Oregon
Water Rights?
a. beneficial purpose
without waste
b. priority
c. must be used
d. appurtenancy
, Odette owns several developed
dozen acres of
undeveloped land. Some
roads have been
constructed and the main
water and sewage lines
have been installed. There
are no houses built or
being built. This
subdivision would be
considered to be which of
the following?
a. underutilized
b. incomplete
c. developed
d. undeveloped
Answers
Save
Terms in this set (323)
To be valid for more than It must be in wriitng
a year, a covenant,
condition, and restriction
(CC&R) must meet which
of the following
conditions?
How are gross income By dividing the asking price of a property by the gross
multipliers calculated? monthly income generated by that property
If a landlord pays the A gross lease
property taxes, the
property insurance
premiums, the
maintenance costs for the
property, utilities costs,
and the costs of any
janitorial service, which of
the following types of
leases are the tenants
under?
,Which of the following Whether the title is clear
potential issues is not
typically within the scope
of the real estate license
to determine when trying
to assist a client?
To ensure an accurate A separate ledger should be kept for each client
account of funds for each
customer who has a client
trust account.....
Under the topic of trust To make sure that the customer submits any monies
accounts, what is the best needed as early as possible, and to know when the
practice regarding deposit clears by keeping up to date with the bank
deposits? records
If a broker were to place a Commingling
client trust account into an
unauthorized interest
earning account would
this be considered
commingling, conversion,
or neither?
,A licensee may use the All of these
term "team" or "group" to
advertise if:
a. the licensee members
of the team or group are
associated with the same
principal broker or
property manager
b. the use of the term
team is not deceptively
similar in name under
which any other person is
lawfully doing business
c. All of these
d. the use of the term
does not constitute the
unlawful use of a trade
name
In Oregon, if a lender 25 days
wishes to foreclose on a
delinquent homeowner,
how long does the
homeowner have to
respond to the lender's
notice to request
mediation?
In a water shortage, what Priority
determines who gets the
water under Oregon
Water Rights?
a. beneficial purpose
without waste
b. priority
c. must be used
d. appurtenancy
, Odette owns several developed
dozen acres of
undeveloped land. Some
roads have been
constructed and the main
water and sewage lines
have been installed. There
are no houses built or
being built. This
subdivision would be
considered to be which of
the following?
a. underutilized
b. incomplete
c. developed
d. undeveloped
