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TEXAS PRINCIPLES OF REAL ESTATE II FINAL ACTUAL EXAM 250 QUESTIONS AND CORRECT ANSWERS
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TEXAS PRINCIPLES OF REAL ESTATE II FINAL ACTUAL EXAM 250 QUESTIONS AND CORRECT ANSWERS
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TEXAS PRINCIPLES OF REAL ESTATE II FINALACTUAL EXAM 250 QUESTIONS AND CORRECT
ANSWERS
Terms in this set (158)
The ABR designation is A
especially useful for:
a. Residential buyer's agents
b. Commercial property
managers
c. Foreclosure specialists
d. Industrial property
specialists
According to value B
a. Police power
b. Ad valorem
c. Taxation
d. Escheat
e. Condemnation
The action of government E
seizure of land for the good
of the public.
a. Police power
b. Ad valorem
c. Taxation
d. Escheat
e. Condemnation
,An agent is not required to A
provide the IABS Form to
the tenant for a lease term
of less than one year and if
no sale is anticipated.
a. True
b. False
All of the following are C
considerations when an
investor makes a decision to
hire a professional
management company,
EXCEPT:
a. Knowledge
b. Tenant Relations
c. Fair Credit Reporting Act
d. Cost
All of the following are A
examples of outgoing cash
incurred by a property each
month, EXCEPT:
a. Rents
b. Utilities
c. Trash pickup
d. Maintenance fees
,All of the following are true C
about Fannie Mae, EXCEPT:
a. It plays a vital role in
financing and increasing
home ownership
opportunities in the U.S.
b. It operates exclusively in
the secondary market
c. It used to be called The
Federal Home Loan
Mortgage Corporation
d. It standardizes mortgage
loans, thereby attracting
investors who traditionally
have not
invested in the primary
market
All or part of the rental is A
based on the gross receipts
of the tenant's business.
a. Percentage rent
b. Term
c. Estate for years
d. Lessor
e. Expiration
, A _____________ allows for the C
indirect investment in
mortgages through the sale
of securities.
a. Real Estate Investment
Syndicate
b. Real Estate Investment
Trust
c. Real Estate Mortgage
Investment Conduit
d. None of the above
All property managers must B
be resident on the property
which they manage.
a. True
b. False
A(n) is a lease of property D
where the landlord pays
charges regularly incurred
in ownership, such as taxes,
insurance, utilities, and
repairs. The tenant pays
only rent.
a. Graduated lease
b. Net lease
c. Lease and take back
d. Gross lease
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