Champions Texas Principles of Real Estate 2 Chapter quizzes With Complete Solutions!!
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Champions Texas Principles of Real Estate 2
Institution
Champions Texas Principles Of Real Estate 2
The _____ lists all cash that came into and all expenses incurred by a property during the reporting period.
a. Property management agreement
b. Bank statement
c. Cash flow report
d. Leasing agreement - ANSWER c. Cash flow report
(chapter 7)
When a property is not well-maintained, the r...
Champions Texas Principles of Real
Estate 2 Chapter quizzes With
Complete Solutions!!
The _____ lists all cash that came into and all expenses incurred by a property during the reporting
period.
a. Property management agreement
b. Bank statement
c. Cash flow report
d. Leasing agreement - ANSWER c. Cash flow report
(chapter 7)
When a property is not well-maintained, the result is:
a. Preventive maintenance
b. Deferred maintenance
c. Escalation clauses
d. Assignment and sublet - ANSWER b. Deferred Maintenance
(chapter 7)
BOMA's major concern is advocacy on the part of:
a. Building owners and managers.
b. Landlords and tenants
c. Employment law and managers
d. None of these are correct. - ANSWER a. Building owners and Managers.
(chapter 7)
, Which of the following defines the rights and obligations of both landlord and tenant in the leasing
of residential and commercial properties?
a. Statute of Frauds
b. Landlord and Tenant Act
c. Federal Fair Housing Act
d. TREC statutes - ANSWER b. landlord and Tenant Act
(chapter 6)
A(n) ______ is a lease of property 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 - ANSWER d. Gross lease
(chapter 6)
A _________ is an agreement that conveys the right to use property for a period of time.
a. Deed
b. Warranty deed
c. Lease
d. Life estate - ANSWER c. lease
(chapter 6)
Additional capital or property included in a transaction to even out the exchange is called _______.
a. Capital gain
b. A syndicate
c. Gross potential income
d. Boot - ANSWER d. boot
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