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PRINCIPAL OF REAL ESTATE II PRACTICE VALUATION EXAM WITH QUESTIONS AND
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PRINCIPAL OF REAL ESTATE II PRACTICE VALUATION EXAM WITH QUESTIONS AND
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PRINCIPAL OF REALESTATE II PRACTICE
VALUATION EXAM WITH
QUESTIONS AND
ANSWERS
The breal bestate bexam bconsists bof b110 bquestions, b80 bon bthe bnational bportion bof
bthe btest band b30 bon bthe bTexas bportion bof bthe btest.
bA. bTrue
, bB. bFalse b- bcorrect banswer-A. bTrue
The bdifference bbetween bthe bmarket bvalue bof ba bproperty band bthe bsum bof bthe
bliens bagainst bit bis bcalled:
bA. bthe bequity
bB. bdue bon bsale
bC. bthe bassessment
bD. bthe bloan-to-value bratio b- bcorrect banswer-A. bthe bequity
Which bof bthe bfollowing bare bpublic brestrictions bon bthe buse bof breal bproperty?
bA. bzoning blaws
bB. bcondominium bbylaws
bC. brestrictive bcovenants
bD. bdeed brestrictions
Next bquestion b- bcorrect banswer-A. bzoning blaws
The bStatute bof bFrauds bis ba blaw bthat brequires bsome bdocuments, bincluding
bdeeds, bbe bin bwriting band bsigned bin border bto bbe benforceable bin ba bcourt bof
blaw.
bA. bTrue
bB. bFalse b- bcorrect banswer-A. bTrue
A bcompetitive bMarket bAnalysis b(CMA) bis bmost boften bprepared bby ba/an:
bA. binspector
bB. blender
bC. breal bestate bagent
bD. bappraiser b- bcorrect banswer-C. breal bestate bagent
Which bof bthe bfollowing bresults bfrom bfactors boutside bthe bproperty?
bA. bfunctional bobsolescence
bB. bphysical bdeterioration
bC. beconomic bobsolescence
bD. bcurable bdepreciation b- bcorrect banswer-C. beconomic bobsolescence
Karl bsigned ba bone-year blease bon ban bapartment bwith ba brental bagency. bHe
bsublet bthe bapartment bto bKurt, bwho bdefaulted bon bthe bsublease. bAny baction
bentered bby bthe blandlord bwould bbe bagainst:
bA. bKarl
bB. bKurt
bC. bboth bKarl band bKurt
bD. bthe brental bagent b- bcorrect banswer-A. bKarl
A bblanket bmortgage bis:
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