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Texas Principles of Real Estate II: Questions With Correct Solutions (Pass!)
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Texas Principles of Real Estate II: Questions With Correct Solutions (Pass!)
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Texas Principles of Real Estate II: Questions WithCorrect Solutions (Pass!)
Home Equity Conversion Mortgage (HECM) is also known as a(n): Right
Ans - reverse mortgage
the ______________ act created the consumer financial protection bureau (CFPB)
Right Ans - Dodd-Frank
what are fees paid to the lender to compensate the loan company or bank for
evaluating, processing, and approving a mortgage? Right Ans - origination
points
a house has 3 distinct rectangular shapes:
A=20'x30'
B=10'x10'
C=75'x50'
what is the square footage total? Right Ans - 4450 ft2
in a "closing," what actually closes is which of the following? Right Ans - the
real property sale between the buyer(s) and the seller(s)
if a tenant abandons the leased premises in violation of the lease, what must
the landlord do? Right Ans - they have a duty to mitigate damages
a privately run, for-profit financial institutions that provide a number of
services including mortgage lending is a... Right Ans - bank
there are two kinds of points: Right Ans - discount points and origination
points
an applicant is allowed to use what electronic devices during the real estate
exam? Right Ans - hand-held calculator
which of these would not be eligible to be the escrow agent? Right Ans - a
loan officer
, prorate, or pro rata, means to: Right Ans - proportion a cost over time and
it is used to sdjust an overall payment to the actual days of usage
development sites, farms, data centers, storage facilities, senior/retirement
housing facilities, and various types of student housing are types of which of
these? Right Ans - real property assets
the right of the government to take ownership of privately held real estate is
called: Right Ans - eminent domain
texans now have the option to have their assets distributed without probate
after their death, including real property, through which of these methods?
Right Ans - transfer on death deed
what does CERCLA do? Right Ans - provides a federal "superfund" to clean
up uncontrolled or abandoned hazardous-waste sites as well as accidents,
spills, and other emergency releases of pollutants and contaminants into the
environment
a landlord may not intentionally prevent a tenant from entering the leased
premises unless: Right Ans - all of these answers are correct
the landlord has locally mailed not later than the fifth calendar day before the
date on which the door locks are changed
the tenant is delinquent in paying all or part of the rent
the landlord's right to change the locks because of a tenant's failure to timely
pay rent is placed in the lease
what type of cluse 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." Right Ans - use clause
the area benefiting from the project paid for by the special assessment
generally is referred to as which of the following? Right Ans - improvement
district
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