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AYPO Real Estate Principles of Real Estate II Exam Combined Questions Reviewed With Correct Answers $16.34   Add to cart

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AYPO Real Estate Principles of Real Estate II Exam Combined Questions Reviewed With Correct Answers

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AYPO Real Estate Principles of Real Estate II Exam Combined Questions Reviewed With Correct Answers Who is permitted to prepare legal documents in Texas? - ANSWER : Attorney Which of the following combines and replaces the final Truth-in- Lending disclosure and the HUD-1? - ANSWER : ...

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  • August 16, 2024
  • 43
  • 2024/2025
  • Exam (elaborations)
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  • AYPO Principles Of Real Estate
  • AYPO Principles Of Real Estate
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NURSINGDICTIONARY
AYPO Real Estate Principles of
Real Estate II
Exam Combined Questions
Reviewed With Correct Answers

Who is permitted to prepare legal documents in
Texas? - ANSWER ✔ : Attorney

Which of the following combines and replaces the
final Truth-in- Lending disclosure and the HUD-1? -
ANSWER ✔ : The Closing Disclosure

In Texas, recording fees are paid to whom? -
ANSWER ✔ : The county clerk in the county where
the real property is located.

Participants in the primary mortgage market do
NOT include - ANSWER ✔ : seller-owners

When an offer to purchace real estate in Texas is
signed, a license holder shall advise each buyer, in
writing, that the buyer should do which of these -
ANSWER ✔ : 1. Purchase a title insurance policy

,2. Obtain an abstract covering the real estate that is
the subject of the

The minimum general requirements for an
instrument to qualify as a deed in Texas include: -
ANSWER ✔ : Contain words of conveyance

Which of the following is an area of real estate
broker's job that requires mathematics? - ANSWER
✔ : Mortgage loan evaluation
Commissions from Property Sales
Property Assessment

The rules for client trust accounts are ___ to those
used for real estate brokers - ANSWER ✔ : Very
similar, but not identical

What type of clause would the following be?
"Tenants shall not operate machinery which
produces a noise in excess of 100 decibels between
the hours of 9:00 pm and 9:00 am." - ANSWER ✔ :
Use clause

After a property is sold at an auction and the former
owner refuses to move, what action might they be
facing? - ANSWER ✔ : If the former property owner
does not move off the property after it is sold, they

,will be served with and eviction notice from the
sheriff's office.

A property owner borrows $490,000 at a 12%
interest rate. How much interest accumulates in the
first year. (Interest rate = Interest / Principle) -
ANSWER ✔ : $58,800

In what economic setting does the trading of
investment products like REMICs actually take
place? - ANSWER ✔ : Stock Market

Replacement Cost (the dollar amount it would cost
to construct, at current prices, a structure what might
not be exactly the same) is used as an element of
which of the following types of appraisals? -
ANSWER ✔ : Cost Approach

If two or more unrelated parties recieve real
property and the conveyance does not address the
character of the tenancy created, it is by law given
as: - ANSWER ✔ : A tenancy in common

Leverage refers to the balance between: -
ANSWER ✔ : Monies owed against borrowed funds
and income received as a return on investment.

, Who is permitted to prepare legal documents in
Texas - ANSWER ✔ : Attourney

The information in a certificate of title often has
several sections to it, including all of these,
EXCEPT: - ANSWER ✔ : Credit history of the
buyer

Included in the cost of most title insurance are all of
the following, EXCEPT - ANSWER ✔ : A closing
disclosure statement

There are two kinds of points: - ANSWER ✔ :
Discount points and origination points

If the sale, transfer, purchase, or acquisition
agreement transfers or sells and interest in land or in
a mortgage other than lien vested according to the
real property records is the failed depository
institution, which of the following is accurate? -
ANSWER ✔ : A recorder affidavit or memorandum
under this section is constructive notice of the
transfer or sale

While they can happen at the same time,
consummation is a legally distinct point in time
where the borrower: - ANSWER ✔ : Becomes

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