TX 30 Hour Principles of Real Estate II Exam Questions & Answers(RATED A+)
0 view 0 purchase
Course
TX 30 Hour Principles of Real Estate II
Institution
TX 30 Hour Principles Of Real Estate II
When the value of a property increases thanks to an adjacent higher-quality property, It is called... - ANSWER Progression
Sherman gave Alexi a two-acre parcel for free. This transfer of property is known by what term? - ANSWER Deed of gift
Rachel loves convenience. As you can imagine, she ...
TX 30 Hour Principles of Real
Estate II Exam Questions &
Answers(RATED A+)
When the value of a property increases thanks to an adjacent higher-quality property, It is called... -
ANSWER Progression
Sherman gave Alexi a two-acre parcel for free. This transfer of property is known by what term? -
ANSWER Deed of gift
Rachel loves convenience. As you can imagine, she was thrilled when she was able to finance her
mortgage through the same institution where she deposits her payroll checks. Which of these most
likely financed Rachel's mortgage? - ANSWER Savings and Loan
According to Texas's Identity Theft Enforcement and Protection Act, what should property managers
and landlords do with old tenant records that contain sensitive personal information? - ANSWER
Destroy the files
Why do the seller's and buyer's agents attend the closing? - ANSWER To provide support to their
clients
What two types of data does an appraiser gather? - ANSWER General and specific
Who's responsible for any tax reserves required to pay property taxes? - ANSWER Buyer
One area of town has maximum building height requirements and setbacks for the front, side, and
rear yards. These requirements are all indicative of ______. - ANSWER Bulk zoning
What type of real estate investment may meet the definition of being a security and must adhere to
the rules and regulations of the Securities and Exchange Commission? - ANSWER Real estate
syndicate
, Consideration is one element of a valid contract. In a lease, which of the following does the lessee
give as consideration? - ANSWER Rent
Who is ultimately responsible for ensuring that any hazardous waste produced at an apartment
complex is properly disposed of? - ANSWER The property owner or manager
The acquisition cost of an investment property plus any improvements or renovations is the
investment's... - ANSWER Depreciable basis
Which of the following actions likely requires a variance? - ANSWER An addition which alters the
setback
What does "cash-on-cash return" mean? - ANSWER A comparison of before-tax cash flow to cash
invested
When must lenders provide borrowers with a disclosure statement regarding finance charges, annual
percentage rate, etc.? - ANSWER At loan application or within three days after loan application
Green mortgages are also known as what? - ANSWER Energy efficient mortgages
which CLOs are accessed through an intermediary such as a real estate or mortgage professional? -
ANSWER Closed CLOs
What types of capital gains may property owners encounter? - ANSWER Short- and long-term
Which agency administers the Interstate Land Sales Full Disclosure Act? - ANSWER Consumer
Financial Protection Bureau
What type of mortgage allows the purchaser to include the cost of the energy improvements into the
mortgage without an increase in their down payment? - ANSWER An energy-improvement mortgage
What is the 200% rule as it relates to tax-deferred exchanges? - ANSWER The combined fair market
value of the property (or properties) being exchanged into cannot be more than 200% of the
relinquished property.
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 papersbyjol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
