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Texas Real Estate Principles 1 Exam Study Material with Questions and Answers Trec Commision Membership ANSWER 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. Texas Real Estate Borker Lawyer Committee ANSWER 13 Members (6 brokers, 6 lawyers, 1 public) General Eligibility Requirements to be Licensed by TREC ANSWER 18 years old a US citizen or lawfully admitted alien resident of the state A certificate is required seperate of the license when ...

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...

Principles of Real Estate 1 Final Exam with Complete Solutions If a real estate salesperson closes on a transaction, who pays the salesperson their commission? ANSWER The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? ANSWER Market Comparison Approach The market comparison approach is commonly used for this property type? ANSWER Residential The amount of goods offered for sale within ...

Texas Principles of Real Estate 2 Champions Exam with Q and A appraisal ANSWER defined as an appraiser's opinion of value. Loan-to-Value Ratio (LTV) ANSWER is the percentage of value or sales price that a lender is willing to finance. Principle of Substitution ANSWER According to this principle, a commodity's value is influenced by the cost of acquiring a substitute or comparable item. Principle of Regression ANSWER The presence of lower-priced properties in the area will cause...

Texas Pre-License Principles of Real Estate II Practice Exam Questions and Answers What is a property manager's primary duty? ANSWER A property manager's primary or overriding responsibility is to protect the property owner's investment and maximize the owner's return on that investment. What are restrictive covenants? ANSWER Restrictive covenants are non-governmental limitations that control how buyers of lots within residential subdivisions use their land. Some restrictions e...

Texas Principles of Real Estate II Final Exam Study Guide with Questions and Answers What is the name of the sworn statement in which the seller assures the title company (and the buyer) that there are no liens, unpaid bills for repairs or improvements, or undisclosed defects in the title? ANSWER affidavits as to debts and liens Tax incentives that cover the cost of energy-efficient improvements, EEMs, and Energy Star-qualified homes are examples of: ANSWER green initiatives Which of th...

Texas Principles of Real Estate II Exam Study Set with Questions and Answers Mixed Numbers ANSWER A number containing both a whole number and a fraction (examples: 1⅓; 9⅞) Improper Fractions ANSWER a fraction with its numerator equal to or greater than its denominator Commission Calculation ANSWER Sales price X rate of commission = total commission Solving for the Commission Rate ANSWER Commission Rate = Commission ÷ Price Solving for the Property's Price ANSWER Price = Co...

AAMS Final Exam Study Guide with Complete Solutions 2025 Jim Crow ANSWER A gradual development; laws written to separate blacks and whites in public areas/meant African Americans had unequal opportunities in housing, work, education, and government Racial etiquette ANSWER strict rules of behavior expected from blacks in the presence of whites; a way white southerners maintained dominance after slavery Booker T. Washington ANSWER Prominent black American, born into slavery, who believ...

AAMS Final Exam Study Guide with Questions and Answers Jim Crow ANSWER A gradual development; laws written to separate blacks and whites in public areas/meant African Americans had unequal opportunities in housing, work, education, and government Racial etiquette ANSWER strict rules of behavior expected from blacks in the presence of whites; a way white southerners maintained dominance after slavery Booker T. Washington ANSWER Prominent black American, born into slavery, who believed...

AAMS Final 3 Exam with Questions and Answers African American Studies is best described as A. a field comprised of three discrete bodies of knowledge: African, American, and European. B. an analysis of the factors and conditions which have affected the economic, psychological, legal, and moral status of the African in America as well as the African in diaspora. C. a misguided effort by biased professors to indoctrinate people of color with liberal rubbish. D. a field that focuses sole...

AAMS Accredited Asset Management Specialist College of Financial Planning Exam with Q and A Identify the major components of each of the following categories. a. cash/cash equivalents b. invested assets c. use assets d. short-term liabilities e. long-term liabilities f. net worth ANSWER a. cash/cash equivalents checking accounts, money market mutual funds, T-bills, CDs, money market deposit accounts, and savings accounts b. invested assets stocks, bonds, mutual funds, IRAs, pensi...

AAMS Module 3 Test with Questions and Answers One implication of the Brinson study is that investors should: A) ignore market timing when managing portfolios. B) ignore market timing and securities selection when managing portfolios. C) ignore securities selection, and concentrate on asset allocation with less attention given to market timing. D) concentrate on asset allocation with less attention given to securities selection and market timing. ANSWER : D; concentrate on asset allocatio...

AAMS Module Quizzes (1-10) with Questions and Answers What are the major steps in the asset management process ANSWER 1. gather data 2. establish goals 3. analyze information 4. make and implement recommendations 5. monitor Stefan's business plan includes the following goal: "I will contact 50 prospective clients and document this activity in the CRM for tracking purposes." Which primary element of a good goal is missing? ANSWER This goal is not time-framed. The acronym to ...

AAMS Module 5 Exam with Questions and Answers Items that reduce total income to arrive at adjusted gross income ANSWER IRA contributions, Self employed health insurance, Keogh contributions, Qualified job related moving expenses for military, Alimony paid for divorce prior to 2019, Penalties for early withdrawal of savings Itemized Deductions ANSWER generally personal in nature like property taxes, mortgage interest, medical expenses, charitable contributions, and investment interest ...

AAMS Module 1 Exam with Questions and Answers assets ANSWER things the client owns (even if not fully paid for) cash/cash equivalents(8): anything that can be transformed quickly into cash with little or no loss of principal, and with small or no transaction costs ANSWER bank savings checking accounts CDs treasury bills US savings bonds money market mutual funds money market deposit accounts commercial paper (etc) invested assets(9) ANSWER retirement account balances partner...

AAMS Exam Prep with Questions and Answers The Asset Management Process is... ANSWER Gather data, Establish goals, Analyze information, Make recommendations and implement, monitor performance Required Rate of return formula = ANSWER (e)r = Rf + (Rm-Rf)Bp What is Excess Return ? ANSWER Total Portfolio Return - Risk Free Rate Explain Jensen performance ratio? ANSWER This measure of performance is a measure of absolute risk, meaning it can be used as a stand-alone measure as apposed ...

AAMS Exam with Questions and Answers Brinson Study ANSWER Concentrate on Asset Allocation and less on securities selection and market timing Eurodollar CD ANSWER US dollar denominated Instrument that is issued by foreign banks from their US branches T-Bills ANSWER Smallest std. deviation since 1926 Contingent deferred sales charge ANSWER Mutual fund sales load that is assessed on a decending scale if the fund is sold within the first 5 or six years of purchase If the market ra...

AAMS Practice Exam with Questions and Answers An employer plans to use corporate-owned life insurance to informally fund a nonqualified deferred compensation agreement and wants flexibility regarding investment choices. Which one of the following types of life insurance should this employer choose? ANSWER Variable life insurance The latest economic reports have been gloomy, and the stock market is in a protracted slump. Most of your regular stock customers are selling out their positions....

Core Power Yoga C1 Sequence Exam with Complete Solutions Integration ANSWER begin in extended child's pose shift forward to table top tuck your toes, send your hips high, downward facing dog inhale gaze to the top of your mat exhale rag-doll pose, step your feet behind your wrists and reach for opposite elbows Intention ANSWER inhale slowly stand, your head and neck come up last exhale samastitihi, equal on all sides pose Sun A ☀️ ANSWER inhale mountain pose exhale forwa...

Corepower Yoga TT Final Exam with Questions and Answers What are 5 attributes that make an excellent yoga teacher? ANSWER 1. set up students for success 2. confidence 3. mastery of content, cultivate breath and movement, individualize instruction 5. enjoy yoga practice CPY 10 essentials for class? ANSWER 1. Physical Yoga Postures 2. Breath 3. Flow 4. Heat 5. Gaze/Focus 6. Alignment & Safety 7. Abdominal Lock 8. Establish Rhythm 9. Set Students up for Success 10. Have Fun Wha...