AYPO Real Estate: Real Estate Finance Final EXAM BUNDLE(COMPLETE PACKAGE)Review Questions and Answers 100% Verified!

If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) - ANSWER-270 square feet An applicant is allowed to use what electronic devices during the real estate exam? - ANSWER-Hand-held calculator Conve...

Fixity - ANSWER-land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - ANSWER-location preference from an economic standpoint rather than geographical Economic Characteristics of Land - ANSWER-scarcity, modification, ...

Real estate has been estimated to represent approximately - ANSWER-one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-bas...

"Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - ANSWER-c. Permitted disclosures If there is a field in a promulgated ...

Real estate agents are considered to have which kind relationship with clients? - ANSWER-A fiduciary relationship Acting as which of the following is a violation of The Real Estate License Act? - ANSWER-Acting as a broker without possessing a valid license issued by the Texas Real Estate Commissi...

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The Texas Real Estate Commission consists of members appointed by the governor with the advice and consent of the: Senate. What is their composition? - None of these answers are correct - Six members who have been engaged in the brokerage business as licensed brokers as their major occupation ...

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*a real estate agent walked through a client's house. he noted 4 things: side yard is not maintained, lock on back door doesn't effectively latch, support beams in the basement are discolored and has some cracks, and some of the linoleum tiles in the kitchen are loose. Which of these items should ...

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A real estate licensee has a buyer agency agreement. What is the seller in this situation? - ANSWER-A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - ANSWER-He must exerc...