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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 Latest Update $17.99   In winkelwagen
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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 Latest Update
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Which class of office building is aimed at tenants requiring functional space at belowaverage rents for the area? 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...

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  • 14 november 2024
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TEXAS SAE REAL ESTATE INVESTMENT 2
LATEST VERSIONS (VERSIONS A & B)
2024-2025 ACTUAL EXAM 300 REAL
EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS Latest Update
Which class of office building is aimed at tenants requiring functional space at below-

average rents for the area?

✓ 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.

✓ 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?

✓ The lower priced home



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

✓ Stay up to date on local landlord-tenant laws




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

comprises only 1% of the retail industry?

✓ 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)?

✓ Fully amortized loan payment plan



Why are many middle-income cooperatives converted to condominiums?

✓ To make resale easier



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

✓ percentage



Property taxes generate approximately ______ of local government revenue.

✓ 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?




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✓ Gross lease



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

✓ The lender must seek the court's permission to foreclose on the property used as collateral
for the loan.



What's compound interest?

✓ 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?

✓ 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?

✓ Foreign Investment in Real Estate Property Tax Act (FIRPTA)



Jenner purchased his first home, to which he'll have access forever, as far as he knows. Jenner

owns ______.

✓ A freehold estate



What is the formal action to impose the property tax?

✓ levy


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

✓ Use



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

______.

✓ 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?

✓ 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?

✓ 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 ______.




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