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TEXAS SAE REAL ESTATE INVESTMENT TEST FINAL EXAM AND
PRACTICE EXAM QUESTIONS LATEST 2025 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
Which of the following statements about commercial residential
properties is true? - ANSWER-A commercial residential property
is a multi-family residential property.
What is assessed value? - ANSWER-A percentage of market
value; also the amount of property value to which the tax rate is
applied
Angus and his partner, Fergus, are so discouraged. All they want
is a modest place to call home—not one of those McMansions
that they see in every new subdivision. What current market trend
is this? - ANSWER-Smaller houses, bigger houses
(This is an example of the smaller houses, bigger houses trend.
Some homebuyers are looking for homes with very small
footprints, and others who can afford it are looking for expansive
residences.)
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Which of the following can be defined as what a property is
worth? - ANSWER-Value
In the capitalization formula, what does the I stand for? -
ANSWER-income
What can tax losses be used to offset? - ANSWER-Both passive
and active income
Which of the following items does the IRS consider personal
tangible property? - ANSWER-Office equipment
(With the exception of office equipment, which the IRS
considers personal tangible property, the other items are all
examples of non-qualifying property.)
Which ADA title is concerned with the accessibility of public
accommodations? - ANSWER-Title III
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(Title III prohibits discrimination on the basis of disability in
the activities of places of public accommodations. It also
requires that any newly constructed or altered places of
public accommodation, including office buildings, comply
with the ADA standards for architecture.)
What type of impact is e-commerce having on commercial
property investments? - ANSWER-Significant
Wrap-around loans are a form of ______ financing. - ANSWER-
Junior
Discounted cash flow analysis is a form of what? - ANSWER-yield
capitalization
(Discounted cash flow analysis is a form of yield
capitalization. It discounts the value of income expected to
be received in the future to a present value.)
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The direct capitalization method would be a good choice of
appraisal method in which of the following situations? - ANSWER-
An apartment building that has consistent income and expenses
year after year.
Dean's new business venture is a software services firm where IT
professionals handle programming and customer service tasks for
a number of business clients. His employees all work at tables in
an open office space. Dean most likely has a _______ lease for
the office space. - ANSWER-Loft
(A loft lease is usually for a large open space that may have few
amenities)
Which type of commercial property is designed to expand either
up or down? - ANSWER-Super-regional shopping center
(Due to space limitations, super-regional shopping centers
often utilize basements or second floors (which means
staircases, elevators, and/or escalators—often located within
the stores themselves) to expand vertically.)
TEXAS SAE REAL ESTATE INVESTMENT TEST FINAL EXAM AND
PRACTICE EXAM QUESTIONS LATEST 2025 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
Which of the following statements about commercial residential
properties is true? - ANSWER-A commercial residential property
is a multi-family residential property.
What is assessed value? - ANSWER-A percentage of market
value; also the amount of property value to which the tax rate is
applied
Angus and his partner, Fergus, are so discouraged. All they want
is a modest place to call home—not one of those McMansions
that they see in every new subdivision. What current market trend
is this? - ANSWER-Smaller houses, bigger houses
(This is an example of the smaller houses, bigger houses trend.
Some homebuyers are looking for homes with very small
footprints, and others who can afford it are looking for expansive
residences.)
,2|Page
Which of the following can be defined as what a property is
worth? - ANSWER-Value
In the capitalization formula, what does the I stand for? -
ANSWER-income
What can tax losses be used to offset? - ANSWER-Both passive
and active income
Which of the following items does the IRS consider personal
tangible property? - ANSWER-Office equipment
(With the exception of office equipment, which the IRS
considers personal tangible property, the other items are all
examples of non-qualifying property.)
Which ADA title is concerned with the accessibility of public
accommodations? - ANSWER-Title III
,3|Page
(Title III prohibits discrimination on the basis of disability in
the activities of places of public accommodations. It also
requires that any newly constructed or altered places of
public accommodation, including office buildings, comply
with the ADA standards for architecture.)
What type of impact is e-commerce having on commercial
property investments? - ANSWER-Significant
Wrap-around loans are a form of ______ financing. - ANSWER-
Junior
Discounted cash flow analysis is a form of what? - ANSWER-yield
capitalization
(Discounted cash flow analysis is a form of yield
capitalization. It discounts the value of income expected to
be received in the future to a present value.)
, 4|Page
The direct capitalization method would be a good choice of
appraisal method in which of the following situations? - ANSWER-
An apartment building that has consistent income and expenses
year after year.
Dean's new business venture is a software services firm where IT
professionals handle programming and customer service tasks for
a number of business clients. His employees all work at tables in
an open office space. Dean most likely has a _______ lease for
the office space. - ANSWER-Loft
(A loft lease is usually for a large open space that may have few
amenities)
Which type of commercial property is designed to expand either
up or down? - ANSWER-Super-regional shopping center
(Due to space limitations, super-regional shopping centers
often utilize basements or second floors (which means
staircases, elevators, and/or escalators—often located within
the stores themselves) to expand vertically.)
