TEXAS PRINCIPLES OF REAL ESTATE 2
LATEST EXAM 2025 WITH MULTIPLE CHOICE
OF QUESTIONS AND DETAILED SOLVED
SOLUTIONS ALREADY GRADED A+ AND 100%
GUARANTEE PASS (JUST RELEASED!!!!!!)
The legal use for property that gives the greatest return in
money and/or amenities.
a. functional obsolescence
b. sales comparison
c. highest and best use
d. market value
e. external obsolescence - CORRECT ANSWER-C
The loss in value of a property caused by factors outside of the
property itself.
a. functional obsolescence
b. sales comparison
c. highest and best use
d. market value
e. external obsolescence - CORRECT ANSWER-E
,The appraised value of a property is:
a. The sale price
b. An opinion of value
c. A market analysis
d. The market value of a property - CORRECT ANSWER-B
A "lite" appraisal is often referred to as a(n):
a. Drive-by appraisal
b. Full appraisal
c. Appraisal review
d. Summary appraisal - CORRECT ANSWER-A
In the appraisal report, the property being appraised is referred
to as the ___________________.
a. Target property
b. Comparable property
c. Sold property
d. Subject property - CORRECT ANSWER-D
A homeowner added a swimming pool to a home at a cost of
$75,000. During an appraisal, the appraiser determined that
the pool added $55,000 to the value of the property. In this
case, the appraiser was applying the principle of
_______________ in the analysis.
,a. Anticipation
b. Change
c. Substitution
d. Contribution - CORRECT ANSWER-D
An appraisal has a limited "shelf life" because of the principle of
__________________.
a. Anticipation
b. Change
c. Substitution
d. Contribution - CORRECT ANSWER-B
The legal use of a property that gives the greatest return in
money and/or amenities is known as the property's
_______________.
a. Net adjusted value
b. Highest and best use
c. Going concern value
d. Assessed value - CORRECT ANSWER-B
The value of a property can automatically be inferred from the
prices at which other similar properties have sold.
, a. True
b. False - CORRECT ANSWER-B
____________________ is the most probable price a
property should bring in a competitive and open market under
all conditions requisite to a fair sale.
a. Sales price
b. Business value
c. Assessed value
d. Market value - CORRECT ANSWER-D
The chronological age of a property is:
a. The actual age of the property
b. The age of the property based upon is current condition
c. The age of the property as estimated by an appraisal district
d. The actual age of the property minus the number of years
remaining on a mortgage - CORRECT ANSWER-A
In a neighborhood of homes that primarily have three or four
bedrooms and two or more baths, an appraiser adjusts the
value of a property downward because it has three bedrooms
and only one bath. This adjustment is an example of
_____________________.
a. Physical deterioration
LATEST EXAM 2025 WITH MULTIPLE CHOICE
OF QUESTIONS AND DETAILED SOLVED
SOLUTIONS ALREADY GRADED A+ AND 100%
GUARANTEE PASS (JUST RELEASED!!!!!!)
The legal use for property that gives the greatest return in
money and/or amenities.
a. functional obsolescence
b. sales comparison
c. highest and best use
d. market value
e. external obsolescence - CORRECT ANSWER-C
The loss in value of a property caused by factors outside of the
property itself.
a. functional obsolescence
b. sales comparison
c. highest and best use
d. market value
e. external obsolescence - CORRECT ANSWER-E
,The appraised value of a property is:
a. The sale price
b. An opinion of value
c. A market analysis
d. The market value of a property - CORRECT ANSWER-B
A "lite" appraisal is often referred to as a(n):
a. Drive-by appraisal
b. Full appraisal
c. Appraisal review
d. Summary appraisal - CORRECT ANSWER-A
In the appraisal report, the property being appraised is referred
to as the ___________________.
a. Target property
b. Comparable property
c. Sold property
d. Subject property - CORRECT ANSWER-D
A homeowner added a swimming pool to a home at a cost of
$75,000. During an appraisal, the appraiser determined that
the pool added $55,000 to the value of the property. In this
case, the appraiser was applying the principle of
_______________ in the analysis.
,a. Anticipation
b. Change
c. Substitution
d. Contribution - CORRECT ANSWER-D
An appraisal has a limited "shelf life" because of the principle of
__________________.
a. Anticipation
b. Change
c. Substitution
d. Contribution - CORRECT ANSWER-B
The legal use of a property that gives the greatest return in
money and/or amenities is known as the property's
_______________.
a. Net adjusted value
b. Highest and best use
c. Going concern value
d. Assessed value - CORRECT ANSWER-B
The value of a property can automatically be inferred from the
prices at which other similar properties have sold.
, a. True
b. False - CORRECT ANSWER-B
____________________ is the most probable price a
property should bring in a competitive and open market under
all conditions requisite to a fair sale.
a. Sales price
b. Business value
c. Assessed value
d. Market value - CORRECT ANSWER-D
The chronological age of a property is:
a. The actual age of the property
b. The age of the property based upon is current condition
c. The age of the property as estimated by an appraisal district
d. The actual age of the property minus the number of years
remaining on a mortgage - CORRECT ANSWER-A
In a neighborhood of homes that primarily have three or four
bedrooms and two or more baths, an appraiser adjusts the
value of a property downward because it has three bedrooms
and only one bath. This adjustment is an example of
_____________________.
a. Physical deterioration
