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The CE Shop 30-HR. TX PRINCIPLES OF REAL ESTATE II EXAM QUESTIONS AND ANSWERS
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The CE Shop 30-HR. TX PRINCIPLES OF REAL ESTATE II
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The CE Shop: 30-HR. TX PRINCIPLESOF REAL ESTATE II
What happens when an appraisal comes back lower than the asking price? - Answer -1.
They can acknowledge a fail
2. The buyer can increase the down payment
3. The seller can lower the asking price
4. They can compromise
Real Estate Broker - Answer -A person licensed as a broker who performs brokerage
activities and collects compensation
Real Estate Sales Agent - Answer -A person who performs real estate activities while
associated with a licensed real estate broker
Licensee - Answer -A person holding a valid license
Appraiser - Answer -A person holding certification to estimate the value of real property
according to standardized principles of valuation
Home Inspector - Answer -A person who is affiliated with a national nonprofit trade
association, has passed the appropriate exam, and evaluates properties for their
condition
Lender - Answer -A person who arranges financing for the buyer of real property
Developer - Answer -A person who constructs improvements on raw land
Subdivider - Answer -A person who splits a single property into smaller parcels in
preparation for development
Real Estate Investor - Answer -A person who puts money or property into a real estate
project for profit
Real Estate Attorney - Answer -A person who holds a law degree and specializes in real
estate; may legally broker deals
, Real Estate Counselor - Answer -A person who provides services to help determine
viability of a real estate asset or project
The Leisure Category - Answer -Hotels/motels
Golf courses
Resorts
Sporting arenas
Movie theaters
Restaurants
The Industrial Category - Answer -Heavy manufacturing
Light manufacturing
Warehouse & distribution
The Healthcare Category - Answer -Hospitals
Urgent care centers
Doctor's offices
The Residential Category - Answer -Single-family
Multifamily
Apartment buildings
Condominiums, cooperatives
The Office Building Category - Answer -Class A - prestigious
Class B - fair to good
Class C - functional, below average rent
The Retail Category - Answer -Neighborhood shopping centers (strip malls)
Regional shopping malls
The Specialty Category - Answer -Mixed-Use
Combined retail/residential
Planned Unit
High-density, zoning mix
Transit-Oriented
Near transportation hub
Private Land Controls - Answer -Easements, Liens, and Deed Restrictions
Residential Zone - Answer -single-family or multi-family including a duplex or a high rise
apartment
Accessory Apartment/Accessory Use - Answer -An additional property subordinate to
the main use of the property such as an equipment shed or mother-in-law suite
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