AYPO Real Estate Principles of Real Estate II Exam Questions Reviewed With Correct Answers
4 views 0 purchase
Course
AYPO Principles Of Real Estate
Institution
AYPO Principles Of Real Estate
AYPO Real Estate Principles of
Real Estate II
Exam Questions Reviewed With
Correct Answers
What is functional obsolescence? - ANSWER : The
loss of property value due to qualities of the property that
cannot be easily changed
What is the most probable price which a property should
bri...
AYPO Real Estate Principles of
Real Estate II
Exam Questions Reviewed With
Correct Answers
What is functional obsolescence? - ANSWER ✔ : The
loss of property value due to qualities of the property that
cannot be easily changed
What is the most probable price which a property should
bring in a competitive and open market under all
conditions requisite to a fair sale, the buyer and seller
each acting prudently and knowledgeably? - ANSWER ✔
: Market value
Which of the following objective value means the value of
a piece of property will rise or fall because of a future
benefit or a future complication? - ANSWER ✔ :
Anticipation
Replacement cost, or the dollar amount it would cost to
construct at current prices a structure that is not exactly
the same is in which type of appraisal? - ANSWER ✔ :
Cost approach.
What are fees paid to the lender to compensate the loan
company or bank for evaluating, processing, and
approving a mortgage? - ANSWER ✔ : Origination
points.
A privately run, for-profit financial institution that provides
a number of services including mortgage lending is a... -
ANSWER ✔ : Bank.
- ANSWER ✔ :
In which type of payment plan does the borrower pay a
lesser amount for the first years of the plan, often
scheduled at five years, and then a higher monthly amount
in the last portion of the loan? - ANSWER ✔ : Flexible
payment plan.
What is a federal program run by the U.S. Department of
the Treasury which is intended help homeowners avoid
foreclosure? - ANSWER ✔ : The Making Home
Affordable Program.
Which of the following is a VLB qualifying requirement? -
ANSWER ✔ : The home must remain as the veteran's
primary residence for at least three years
, The Federal Reserve System does not directly control... -
ANSWER ✔ : 1. national production.
2. levels of employment.
3. inflation.
What occurs in secondary capital markets? - ANSWER ✔
: Securities are traded between investors
What is an alternative to financial institutions particularly
for buyers who are not able to obtain conventional
financing? - ANSWER ✔ : Private lending.
Which of the following combines and replaces the final
Truth-in-Lending disclosure and the HUD-1? - ANSWER
✔ : The closing disclosure
Zoning regulations must be designed to: - ANSWER ✔ :
1. Lessen congestion in the streets.
2. Provide adequate light and air.
3. Avoid undue concentration of population.
What is a unique political subdivision of a municipality in
Texas? - ANSWER ✔ : TIRZ
Which are the two means used to alter a deed restriction?
- ANSWER ✔ : Waiver and judicial
Of the 167,625,000 acres of land in Texas, 1.92% is
owned by the state and/or federal government, ranking
Texas __ of the 50 states. - ANSWER ✔ : 47
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NURSINGDICTIONARY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.34. You're not tied to anything after your purchase.
