SAE PROPERTY MANAGEMENT TEXAS ACTUAL
EXAM PAPER 2026 QUESTIONS WITH
SOLUTIONS
◉ Mutual Agreement. Answer: Leases my be terminated by expiration,
eviction or ______?
◉ Market Change. Answer: is a dynamic risk
◉ 5 or more. Answer: How many dwelling units does a commercial
residential property have
◉ $11 million. Answer: the estate would need to be worth
_____________ to be subject to estate tax.
◉ Build to suit. Answer: With this arrangement, the developer preleases
to a financially strong tenant to build a structure to the tenant's
specifications. This arrangement assures the tenant that they will have
the space they require when needed and it assures the owner/builder that
the space will be fully leased upon completion.
, ◉ 40-100 acres and average size of 591825 sq ft. Answer: Regional
shopping center lot building size
◉ Liquidity. Answer: the ease with which an asset can be converted into
cash
◉ Productive square feet x rental rate per square foot = gross rental rate.
Answer: Formula used to calculate gross rental income for an office
building
◉ Equity REIT. Answer: a REIT that earns income for its investors
through rent collection or the sale of the properties in their portfolio
◉ Direct Capitalization Method. Answer: Income
capitalization technique; value is estimated
by dividing the net operating
income by the overall capitalization rate. Coverts a single years expected
income into a market value
◉ Give the proceeds to the beneficiary. Answer: When a land trust
expires, the trustee must either extend the trust term or sell the real estate
and ______.
◉ Present value. Answer: the amount of money you have now
EXAM PAPER 2026 QUESTIONS WITH
SOLUTIONS
◉ Mutual Agreement. Answer: Leases my be terminated by expiration,
eviction or ______?
◉ Market Change. Answer: is a dynamic risk
◉ 5 or more. Answer: How many dwelling units does a commercial
residential property have
◉ $11 million. Answer: the estate would need to be worth
_____________ to be subject to estate tax.
◉ Build to suit. Answer: With this arrangement, the developer preleases
to a financially strong tenant to build a structure to the tenant's
specifications. This arrangement assures the tenant that they will have
the space they require when needed and it assures the owner/builder that
the space will be fully leased upon completion.
, ◉ 40-100 acres and average size of 591825 sq ft. Answer: Regional
shopping center lot building size
◉ Liquidity. Answer: the ease with which an asset can be converted into
cash
◉ Productive square feet x rental rate per square foot = gross rental rate.
Answer: Formula used to calculate gross rental income for an office
building
◉ Equity REIT. Answer: a REIT that earns income for its investors
through rent collection or the sale of the properties in their portfolio
◉ Direct Capitalization Method. Answer: Income
capitalization technique; value is estimated
by dividing the net operating
income by the overall capitalization rate. Coverts a single years expected
income into a market value
◉ Give the proceeds to the beneficiary. Answer: When a land trust
expires, the trustee must either extend the trust term or sell the real estate
and ______.
◉ Present value. Answer: the amount of money you have now
