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TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIONS A & B) ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS $12.49   Add to cart

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TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIONS A & B) ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS

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TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS (VERSIONS A & B) ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS Which class of office building is aimed at tenants requiring functional space at below- average rents for the area? - Answer️️ -Class C Class C office build...

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  • September 18, 2024
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  • 2024/2025
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS
(VERSIONS A & B) 2024-2025 ACTUAL EXAM 300 REAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS


Which class of office building is aimed at tenants requiring functional space at below-

average rents for the area? - Answer✔️✔️-Class C




Class C office buildings command below-average rates for the area. They're functional,

but not prestigious.

With a triple net lease, the tenant pays _______ separately from the base rent. -

Answer✔️✔️-Taxes, insurance, and maintenance

When two very similar properties are for sale in the same neighborhood, which one will

sell first according to the principle of substitution? - Answer✔️✔️-The lower priced home

To protect themselves from liability, it's a good idea for property managers to ______. -

Answer✔️✔️-Stay up to date on local landlord-tenant laws

According to the International Council for Shopping Centers, which commercial property

comprises only 1% of the retail industry? - Answer✔️✔️-Factory outlet

Which payment plan consists of the borrower paying a constant amount made up of

principal and interest on a periodic basis (usually monthly)? - Answer✔️✔️-Fully

amortized loan payment plan

Why are many middle-income cooperatives converted to condominiums? - Answer✔️✔️-

To make resale easier

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

What type of lease is used most often with community shopping centers? - Answer✔️✔️-

percentage

Property taxes generate approximately ______ of local government revenue. -

Answer✔️✔️-one third (1/3)

Brittany has a small office in a professional building. She has a set monthly lease

payment that has been calculated to include maintenance of the common areas in the

building, such as the restroom and small kitchen, and all nets, utilities, and janitorial

charges for her space. The payment also includes taxes and insurance. The landlord

takes these payments and pays the individual expenses himself. What type of lease

does Brittany have? - Answer✔️✔️-Gross lease

Which of the following statements best describes the judicial foreclosure and sale

process? - Answer✔️✔️-The lender must seek the court's permission to foreclose on the

property used as collateral for the loan.

What's compound interest? - Answer✔️✔️-Interest that's reinvested into an account that

then earns interest

The owner's covenants and an insurance provision are included in which of the

following documents? - Answer✔️✔️-Property management agreement

What's the name of the tax program that requires a withholding of a portion of the gross

purchase price when foreign owners of real estate in the U.S. sell that property? -

Answer✔️✔️-Foreign Investment in Real Estate Property Tax Act (FIRPTA)

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Jenner purchased his first home, to which he'll have access forever, as far as he knows.

Jenner owns ______. - Answer✔️✔️-A freehold estate

What is the formal action to impose the property tax? - Answer✔️✔️-levy

Which clause in a commercial lease determines how the tenant may use the space? -

Answer✔️✔️-Use

The element of a deed that signifies the grantor's intention to transfer title to the grantee

is the ______. - Answer✔️✔️-Act of conveyance

Lyn runs a brokerage and maintains a master file for all the office transactions. The file

must be maintained for how long? - Answer✔️✔️-As long as Lyn's state requires



All files must be maintained on state law requirements.

Milo is interested in converting his rental properties into condominiums. He's completed

his feasibility study and determined that the conversion costs will pay for themselves at

sale time and the market will support the conversion. What else does Milo need to do

prior to conversion? - Answer✔️✔️-Make certain the conversion will be allowed by the

local government

Ricky Nubbins is three months behind in his rent and has received several reminders

from the landlord that the rent is past due. As a result, the landlord has begun working

through proper channels to legally end Ricky's lease before the contract end date. The

landlord is terminating his lease through ______. - Answer✔️✔️-Eviction

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
If you and a sibling both inherited your father's property when he died, what type of

deed would you need to get from your sibling in order to be the sole owner of the

property? - Answer✔️✔️-Quitclaim deed

What is the name of the tenant group that, along with the property manager, is

responsible for regional shopping center promotional activities? - Answer✔️✔️-Merchants'

association

Quentin is a victim of fair housing discrimination who is seeking redress in federal court.

What is the limit on the amount of punitive damages he may be awarded? - Answer✔️✔️-

There is no limit

Which of the following is a passive type of real estate investment? - Answer✔️✔️-limited

partnership

Which statement best describes an amortized loan? - Answer✔️✔️-Debt that is paid off

by making periodic payments consisting of interest and principal



With an amortized loan, the principal is paid down over the life of the loan according to

an amortization schedule, typically through equal payments.

Kristoff got a bit behind on his mortgage and missed several payments. He and his

lender devised a schedule that gives Kristoff an opportunity to make up those

delinquent payments. What is this an example of? - Answer✔️✔️-Repayment plan

Kali's good at bargaining. She's willing to concede some things in order to entice a new

tenant into taking one of the rental spaces in the mall, but she always ensures that she's

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