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Texas Principles of Real Estate II: Questions With Correct Solutions (Pass!) $9.99   Add to cart

Exam (elaborations)

Texas Principles of Real Estate II: Questions With Correct Solutions (Pass!)

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  • Course
  • TEXAS PRINCIPLES OF REAL ESTATE
  • Institution
  • TEXAS PRINCIPLES OF REAL ESTATE

Texas Principles of Real Estate II: Questions With Correct Solutions (Pass!)

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  • September 11, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • TEXAS PRINCIPLES OF REAL ESTATE
  • TEXAS PRINCIPLES OF REAL ESTATE
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LeCrae
Texas Principles of Real Estate II: Questions With
Correct Solutions (Pass!)

Home Equity Conversion Mortgage (HECM) is also known as a(n): Right
Ans - reverse mortgage

the ______________ act created the consumer financial protection bureau (CFPB)
Right Ans - Dodd-Frank

what are fees paid to the lender to compensate the loan company or bank for
evaluating, processing, and approving a mortgage? Right Ans - origination
points

a house has 3 distinct rectangular shapes:
A=20'x30'
B=10'x10'
C=75'x50'
what is the square footage total? Right Ans - 4450 ft2

in a "closing," what actually closes is which of the following? Right Ans - the
real property sale between the buyer(s) and the seller(s)

if a tenant abandons the leased premises in violation of the lease, what must
the landlord do? Right Ans - they have a duty to mitigate damages

a privately run, for-profit financial institutions that provide a number of
services including mortgage lending is a... Right Ans - bank

there are two kinds of points: Right Ans - discount points and origination
points

an applicant is allowed to use what electronic devices during the real estate
exam? Right Ans - hand-held calculator

which of these would not be eligible to be the escrow agent? Right Ans - a
loan officer

, prorate, or pro rata, means to: Right Ans - proportion a cost over time and
it is used to sdjust an overall payment to the actual days of usage

development sites, farms, data centers, storage facilities, senior/retirement
housing facilities, and various types of student housing are types of which of
these? Right Ans - real property assets

the right of the government to take ownership of privately held real estate is
called: Right Ans - eminent domain

texans now have the option to have their assets distributed without probate
after their death, including real property, through which of these methods?
Right Ans - transfer on death deed

what does CERCLA do? Right Ans - provides a federal "superfund" to clean
up uncontrolled or abandoned hazardous-waste sites as well as accidents,
spills, and other emergency releases of pollutants and contaminants into the
environment

a landlord may not intentionally prevent a tenant from entering the leased
premises unless: Right Ans - all of these answers are correct

the landlord has locally mailed not later than the fifth calendar day before the
date on which the door locks are changed

the tenant is delinquent in paying all or part of the rent

the landlord's right to change the locks because of a tenant's failure to timely
pay rent is placed in the lease

what type of cluse would the following be?
"tenants shall not operate machinery which produces a noise in excess of 100
decibels between the hours of 9:00 pm and 9:00 am." Right Ans - use clause

the area benefiting from the project paid for by the special assessment
generally is referred to as which of the following? Right Ans - improvement
district

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