AYPO Real Estate Principles of Real Estate II Exam Study Guide.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/AYPO%20Real%
AYPO Real Estate Principles of Real Estate II
Exam Study Guide Questions & Answers
1. If the base side of a triangular plot measures 45' and the height line mea-
sures 12', what is the area of the plot in square feet?([b x h] x ½ = A)
Answer 270 square feet
2. An applicant is allowed to use what electronic devices during the real estate
exam?
Answer Hand-held calculator
3. Convert the following fraction to a decimal for ease of computation
31/25-
Answer 1.24
4. What is the general formula to determine Capital Gain?
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,AYPO Real Estate Principles of Real Estate II Exam Study Guide.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/AYPO%20Real%
Answer Profit from Sale -Base Value = Capital Gain
5. A property owner borrows $490,000 at a 12% interest rate. How much inter-
est accumulates in the first year?(Interest Rate = Interest / Principle)
Answer $58,800
6. A property owner has a 20-year mortgage that is worth $97,500 with a 7.5%
annual interest rate. What does the property owner pay in mortgage payments
every month?
Answer $784.87
7. What is the basic formula for determining the proration of fees?
Answer Tax or FeeRate x Remaining Days or Months = Tax or Fee Owed
8. A house has 3 distinct rectangular shapes
A=20'x30
'
B=10'x10
'
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,AYPO Real Estate Principles of Real Estate II Exam Study Guide.pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/AYPO%20Real%
C=75'x50'
What is the square footage total?
Answer 4450 ft2
9. How many hours must an applicant provide that are acceptable and ver-
ifiable appraisal experience acquired over a minimum of 12 months?
Answer 1,500hours
10. What is functional obsolescence?
Answer The loss of property value due to qualities of the property that cannot be
easily changed
11. What is the most probable price which a property should bring in a com-
petitive and open market under all conditions requisite to a fair sale, the buyer
and seller each acting prudently and knowledgeably?
Answer Market value
12. Which of the following objective value means the value of a piece of
property will rise or fall because of a future benefit or a future complication?-
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