AYPO REAL ESTATE EXAM BUNDLE 2024!!

If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) - ANSWER-270 square feet An applicant is allowed to use what electronic devices during the real estate exam? - ANSWER-Hand-held calculator Conve...

Fixity - ANSWER-land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - ANSWER-location preference from an economic standpoint rather than geographical Economic Characteristics of Land - ANSWER-scarcity, modification, ...

Real estate has been estimated to represent approximately - ANSWER-one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-bas...

"Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - ANSWER-c. Permitted disclosures If there is a field in a promulgated ...

Real estate agents are considered to have which kind relationship with clients? - ANSWER-A fiduciary relationship Acting as which of the following is a violation of The Real Estate License Act? - ANSWER-Acting as a broker without possessing a valid license issued by the Texas Real Estate Commissi...

Disparate impact - ANSWER-A set of criteria which are not directly targeted at a specific group but will disproportionately affect that group. What purpose is served by regulating real estate licensing? - ANSWER-1. prtect the eneral public during real estate transactions from dishonest or incompe...

The Texas Real Estate Commission consists of members appointed by the governor with the advice and consent of the: Senate. What is their composition? - None of these answers are correct - Six members who have been engaged in the brokerage business as licensed brokers as their major occupation ...

The Original Legislation: - ANSWER-The Real Estate Dealers Act of 1939 main piece of Texas law governing the licensing and behavior of real estate professionals in the state. - ANSWER-The Real Estate License Act (TRELA) Licensing Duties were added in: - ANSWER-1955 Broker license was change...

Which of these is not among the generally reliable market source for home finance? - ANSWER-Inheritance An amortized loan is best described by which of the following? - ANSWER-One that is paid off with a fixed schedule in regular installments over time. Which of these is not one of the four ph...

*a real estate agent walked through a client's house. he noted 4 things: side yard is not maintained, lock on back door doesn't effectively latch, support beams in the basement are discolored and has some cracks, and some of the linoleum tiles in the kitchen are loose. Which of these items should ...