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The CE Shop 30-HR. TX PRINCIPLES OF REAL ESTATE II EXAM QUESTIONS AND ANSWERS $11.99   Add to cart

Exam (elaborations)

The CE Shop 30-HR. TX PRINCIPLES OF REAL ESTATE II EXAM QUESTIONS AND ANSWERS

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The CE Shop 30-HR. TX PRINCIPLES OF REAL ESTATE II

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  • August 19, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CE Shop
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millyphilip
The CE Shop: 30-HR. TX PRINCIPLES
OF REAL ESTATE II

What happens when an appraisal comes back lower than the asking price? - Answer -1.
They can acknowledge a fail
2. The buyer can increase the down payment
3. The seller can lower the asking price
4. They can compromise

Real Estate Broker - Answer -A person licensed as a broker who performs brokerage
activities and collects compensation

Real Estate Sales Agent - Answer -A person who performs real estate activities while
associated with a licensed real estate broker

Licensee - Answer -A person holding a valid license

Appraiser - Answer -A person holding certification to estimate the value of real property
according to standardized principles of valuation

Home Inspector - Answer -A person who is affiliated with a national nonprofit trade
association, has passed the appropriate exam, and evaluates properties for their
condition

Lender - Answer -A person who arranges financing for the buyer of real property

Developer - Answer -A person who constructs improvements on raw land

Subdivider - Answer -A person who splits a single property into smaller parcels in
preparation for development

Real Estate Investor - Answer -A person who puts money or property into a real estate
project for profit

Real Estate Attorney - Answer -A person who holds a law degree and specializes in real
estate; may legally broker deals

, Real Estate Counselor - Answer -A person who provides services to help determine
viability of a real estate asset or project

The Leisure Category - Answer -Hotels/motels
Golf courses
Resorts
Sporting arenas
Movie theaters
Restaurants

The Industrial Category - Answer -Heavy manufacturing
Light manufacturing
Warehouse & distribution

The Healthcare Category - Answer -Hospitals
Urgent care centers
Doctor's offices

The Residential Category - Answer -Single-family
Multifamily
Apartment buildings
Condominiums, cooperatives

The Office Building Category - Answer -Class A - prestigious
Class B - fair to good
Class C - functional, below average rent

The Retail Category - Answer -Neighborhood shopping centers (strip malls)
Regional shopping malls

The Specialty Category - Answer -Mixed-Use
Combined retail/residential
Planned Unit
High-density, zoning mix
Transit-Oriented
Near transportation hub

Private Land Controls - Answer -Easements, Liens, and Deed Restrictions

Residential Zone - Answer -single-family or multi-family including a duplex or a high rise
apartment

Accessory Apartment/Accessory Use - Answer -An additional property subordinate to
the main use of the property such as an equipment shed or mother-in-law suite

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