- Study guides, Class notes & Summaries

1. The ______________ is the most active in the regulation of real estate licensees. - ANSWER d) state government 2. Which of the following is necessary for a deed of conveyance to be valid? - ANSWER b) The deed must be in writing 3. The primary distinction between the legal concepts of real estate and real property is that - ANSWER a) real property includes ownership of a bundle of rights. 4. An applicant for a salesperson license must - ANSWER c) have a finger printing and background ...

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6 pages

Written in 2024/2025

Grade A+

Lecchris

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

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10 pages

Written in 2024/2025

Grade A+

Lecchris

Three benefits of real estate ownership - ANSWER - cash flow - use (of the property)/ possession - appreciation in value Capital Return - ANSWER When owners receive return from changes in property value Income Return - ANSWER When investors trade the use of the property for cash flow Investor Benefits - ANSWER - cash flow and appreciation Owner/User Benefits - ANSWER - Use and appreciation

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18 pages

Written in 2024/2025

Grade A+

Lecchris

Principles Of Real Estate 2 Final Exam Prep 2025/2026 Accurate Questions With Correct Detailed Answers || 100% Guaranteed Pass <Recent Version>

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36 pages

Written in 2024/2025

Grade A+

DocBeast

Principles Of Real Estate Iifinal Exam Questions And Rationales Latest Updated Version With Complete Questions And Accurate Answers Verified Solutions Already Graded A+ Principles Of Real Estate Iifinal Exam Questions And Rationales Latest Updated Version With Complete Questions And Accurate Answers Verified Solutions Already Graded A+ Principles Of Real Estate Iifinal Exam Questions And Rationales Latest Updated Version With Complete Questions And Accurate Answ...

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32 pages

Written in 2024/2025

Grade A+

NURSEGENLPN

Principles of Real Estate I 121 Exam with Complete Solutions Commercial brokers must be aware of the following EXCEPT: A. Growth possibilities B. Income tax regulations C. Purchasing arrangements D. Residential building codes ANSWER D. Residential building codes The largest number of real estate transactions closed in Texas are from: A. The sale of business buildings B. The sale of residential homes C. The sale of farms and ranches D. The sale of individual vacant lots in a cit...

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142 pages

Written in 2024/2025

Grade A+

wangithiannaw

Principles of Real Estate II Exam 1 Prep with Complete Solutions Written documents affecting title to real estate are recorded: A. Where the titleholder resides B. Where the titleholder has legal residence C. At the county clerk's office where the property is located D. At any county clerk's office in Texas ANSWER C. At the county clerk's office where the property is located (Each county in Texas has a county clerk's office and all documents pertaining to property in that cou...

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42 pages

Written in 2024/2025

Grade A+

wangithiannaw

Principles of Real Estate II 122 Exam with Questions and Answers 1. Written documents affecting title to real estate are recorded: A. Where the titleholder resides B. Where the titleholder has legal residence C. At the county clerk's office where the property is located D. At any county clerk's office in Texas ANSWER C. At the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person when the executor cannot pe...

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19 pages

Written in 2024/2025

Grade A+

wangithiannaw

AYPO Real Estate Principles of Real Estate II Exam Study Guide with Q and A 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 deter...

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17 pages

Written in 2024/2025

Grade A+

wangithiannaw

Principles Of Real Estate Ii Past Papers 2025/2026 Questions With Answers Guarantee A+

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30 pages

Written in 2024/2025

Grade A+

EXAMCAFE

Which of the following describes a deed restriction? - It can be placed on a single property, an entire subdivision or a neighborhood When referring to private land use restrictions, fence height, additional structures, and architectural design are generally categorized under ______. - Covenants The doctrine of "use it or lose it" is known as the doctrine of ______. - Laches Jason, your client, is developing a subdivision of 140 houses. He may place deed restrictions on as many as __...

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7 pages

Written in 2024/2025

Grade A+

EXAMCAFE

Annual Interest Formula (only works for non-amortized loans) - Principal x Interest rate = Annual interest Jamie took out a straight loan of $200,000 with an interest rate of 4.5%. How much will Jamie pay in annual interest? (non amortized) - $200,000 x 4.5% = 9,000 (annual interest) Monthly Interest Formula For amortized, you solve annual interest then monthly interest as principle is reduced or paid, the monthly interest changes - Annual interest ÷ 12 (months) = Monthly Interest

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15 pages

Written in 2024/2025

Grade A+

EXAMCAFE

The interest for 11 months on a $15,000 loan at an interest rate of 8% is - $1,100 (Step1: 15,000/12mo = 1,250; Step2: 1,250*11mo = 13,750; Step3: 13,750*0.08 = 1,100) If a property is sold for $90,000, what commission would be paid to the brokers if the commission rate is 6%? - $5,400 (90,000*0.06) 8% of 23,000 = - $1,840 (23,000*0.08) Which is generally recognized as title evidence and can be used to establish ownership of property - Title Insurance The premium for title insurance is p...

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7 pages

Written in 2024/2025

Grade A+

EXAMCAFE

A method of valuing a property based on the monetary returns it can be expected to produce is the: A. Income approach B. Cost approach C. Curable approach D. Market approach - A. Income approach Which of the following estimates of value is most likely to provide only a rough estimate of the value of the rental property? A. Cost approach B. Gross rent multiplier C. Income approach D. Market approach - B. Gross rent multiplier 9. A borrower's property serves as collateral while the...

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15 pages

Written in 2024/2025

Grade A+

EXAMCAFE

Exam (Elaborations) Texas Principles Of Real Estate Ii / 300+ Actual Exam Questions And Answers (A+ Guide Solution) Newest 2025/2026 2 Exam (Elaborations) Texas Real Estate Principles 1 (Practice Exam) Accurate Expert Verified Questions & Answers For Guaranteed Pass | Newest Update, 2025-2026

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2 items

Studyacesmart

Exam (Elaborations) Texas Principles Of Real Estate Ii / 300+ Actual Exam Questions And Answers (A+ Guide Solution) Newest 2025/2026 2 Exam (Elaborations) Texas Real Estate Principles 1 (Practice Exam) Accurate Expert Verified Questions & Answers For Guaranteed Pass | Newest Update, 2025-2026 3 Exam (Elaborations) Texas State Portion Real Estate

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3 items

Studyacesmart

TEXAS PRINCIPLES OF REAL ESTATE II / 300+ ACTUAL EXAM QUESTIONS AND ANSWERS (A+ GUIDE SOLUTION) NEWEST 2025/2026 Terms in this set (305) Mixed Numbers A number containing both a whole number and a fraction (examples: 1⅓; 9⅞) Improper Fractions a fraction with its numerator equal to or greater than its denominator Commission Calculation Sales price X rate of commission = total commission Solving for the Commission Rate Commission Rate = Commission ÷ Price Solving for the Property...

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38 pages

Written in 2024/2025

Grade A+

Studyacesmart

The Ce Shop Exam Package Deal Questions And Verified Detailed Answers | 100% Guaranteed Pass | Already Graded A+

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10 items

NinjaNerd

Principles of real estate II (Champions) Questions and Answers updated (100% Pass)

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17 pages

Written in 2024/2025

Grade A+

CourseNinja

Functional obsolescence Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison best indicator of value for existing properties highest and best use the legal use for property that gives the greatest return in money and/or amenities external obsolescence the loss in value of a property caused by factors outside the property itself principle of contribution Master01 |Excellent Study Material| Latest update 1 | ...

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24 pages

Written in 2024/2025

Grade A+

Axpert