Texas real estate - Study guides, Class notes & Summaries

Texas Principles of Real Estate 1 Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update Q: An insurance policy protecting against a variety of hazards is referred to as a...? Homestead Policy Individual Policy Homeowners Policy Package Policy Answer: Homeowners Policy Q: Which of the following is an advantage to owning a home...? Tax benefits Pride of ownership Potential for asset appreciation All of the above Answer: All of the Above Q: ...

Steven put down $10,000 toward a property's purchase price, financed the rest, and now has a cash flow of $2,800 after repairs and debt service. What's his ROI? a 21% b 26% c 28% d 32% - c 28% Return on investment or ROI = cash flow ÷ cash investment. $2,800 ÷ $10,000 = 28%. What's a legal agreement or promise made between two parties? a. A consideration b. A covenant c. A handshake d. A negotiation - b. A covenant A legal agreement or promise made between two parties is a covena...

Champions Principles of Real Estate 2 (Texas) Study Guide Exam Containing 91 Questions with Definitive Solutions Newly Updated. Terms like: appraisal - Answer: value of a property maybe affected by social, economic, govt and environmental influences

RealEstateU Texas Real Estate Principles Part 1 Final Exam 2025 Questions & Answers 100% Graded A+ 2025 / 2026 RealEstateU Texas Real Estate Principles Part 1 Final Exam 2025 Questions & Answers 100% Graded A+ 2025 / 2026 RealEstateU Texas Real Estate Principles Part 1 Final Exam 2025 Questions & Answers 100% Graded A+ 2025 / 2026

TEXAS SAE REAL ESTATE INVESTMENT ACTUAL EXAM 300 REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS

Champions Principles of Real Estate 2 (Texas) Study Guide Exam Containing 91 Questions with Definitive Solutions Newly Updated. Terms like: appraisal - Answer: value of a property maybe affected by social, economic, govt and environmental influences

What can proper drainage do for a building site? - Protect the foundation The ______ method converts a single year's expected income (or an annual average) into a market value. - Direct Capitalization Basic property rights include the rights of possession, control, exclusion, enjoyment, and ______. - Disposition What type of value may consumers be interested in if they are looking for the potential rate of return? - Investment Value How are adjustments made in the analysis used in the sa...

TEXAS PRINCIPLES OF REAL ESTATE II / 300+ ACTUAL EXAM QUESTIONS AND ANSWERS (A+ GUIDE SOLUTION) NEWEST 2025/2026 Terms in this set (305) Mixed Numbers A number containing both a whole number and a fraction (examples: 1⅓; 9⅞) Improper Fractions a fraction with its numerator equal to or greater than its denominator Commission Calculation Sales price X rate of commission = total commission Solving for the Commission Rate Commission Rate = Commission ÷ Price Solving for the Property...

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements correct answer: B A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a. riparian b. littoral c. appropriative d. appropriation correct answer: A A tenant is aware that h...

Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...