Texas Principles of Real Estate II Questions & Answers(RATED A+)
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Course
Texas Principles of Real Estate II
Institution
Texas Principles Of Real Estate II
Home Equity Conversion Mortgage (HECM) is also known as a(n): - ANSWER reverse mortgage
the ______________ act created the consumer financial protection bureau (CFPB) - ANSWER Dodd-Frank
what are fees paid to the lender to compensate the loan company or bank for evaluating, processing, and ...
Texas Principles of Real Estate
II Questions &
Answers(RATED A+)
Home Equity Conversion Mortgage (HECM) is also known as a(n): - ANSWER reverse mortgage
the ______________ act created the consumer financial protection bureau (CFPB) - ANSWER Dodd-
Frank
what are fees paid to the lender to compensate the loan company or bank for evaluating, processing,
and approving a mortgage? - ANSWER origination points
a house has 3 distinct rectangular shapes:
A=20'x30'
B=10'x10'
C=75'x50'
what is the square footage total? - ANSWER 4450 ft2
in a "closing," what actually closes is which of the following? - ANSWER 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? -
ANSWER 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... - ANSWER bank
there are two kinds of points: - ANSWER discount points and origination points
, an applicant is allowed to use what electronic devices during the real estate exam? - ANSWER hand-
held calculator
which of these would not be eligible to be the escrow agent? - ANSWER a loan officer
prorate, or pro rata, means to: - ANSWER 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? - ANSWER real property assets
the right of the government to take ownership of privately held real estate is called: - ANSWER
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? - ANSWER transfer on death deed
what does CERCLA do? - ANSWER 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: -
ANSWER 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." - ANSWER use clause
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