AYPO Real Estate Principles of Real Estate II Exam Study
Guide UPDATED ACTUAL Questions and CORRECT Answers
If the base side of a triangular plot measures 45' and the 270 square feet
height line measures 12', what is the area of the plot in
square feet?([b x h] x ½ = A)
An applicant is allowed to use what electronic devices Hand-held calculator
during the real estate exam?
Convert the following fraction to a decimal for ease of 1.24
computation: 31/25
What is the general formula to determine Capital Gain? Profit from Sale - Base Value = Capital Gain
A property owner borrows $490,000 at a 12% interest $58,800
rate. How much interest accumulates in the first year?
(Interest Rate = Interest / Principle)
A property owner has a 20-year mortgage that is worth $784.87
$97,500 with a 7.5% annual interest rate. What does the
property owner pay in mortgage payments every month?
, What is the basic formula for determining the proration of Tax or Fee Rate x Remaining Days or Months = Tax or Fee Owed
fees?
A house has 3 distinct rectangular shapes: 4450 ft2
A=20'x30'
B=10'x10'
C=75'x50'
What is the square footage total?
How many hours must an applicant provide that are 1,500 hours
acceptable and verifiable appraisal experience acquired
over a minimum of 12 months?
What is functional obsolescence? The loss of property value due to qualities of the property that cannot be easily
changed
What is the most probable price which a property should Market value
bring in a competitive and open market under all
conditions requisite to a fair sale, the buyer and seller
each acting prudently and knowledgeably?
Which of the following objective value means the value Anticipation
of a piece of property will rise or fall because of a future
benefit or a future complication?
Replacement cost, or the dollar amount it would cost to Cost approach.
construct at current prices a structure that is not exactly
the same is in which type of appraisal?
A CMA is what? Comparative Market Analysis
What are fees paid to the lender to compensate the loan Origination points.
company or bank for evaluating, processing, and
approving a mortgage?
A privately run, for-profit financial institution that provides Bank.
a number of services including mortgage lending is a...
In which type of payment plan does the borrower pay a Flexible payment plan.
lesser amount for the first years of the plan, often
scheduled at five years, and then a higher monthly
amount in the last portion of the loan?
What is a federal program run by the U.S. Department of The Making Home Affordable Program.
the Treasury which is intended help homeowners avoid
foreclosure?
Guide UPDATED ACTUAL Questions and CORRECT Answers
If the base side of a triangular plot measures 45' and the 270 square feet
height line measures 12', what is the area of the plot in
square feet?([b x h] x ½ = A)
An applicant is allowed to use what electronic devices Hand-held calculator
during the real estate exam?
Convert the following fraction to a decimal for ease of 1.24
computation: 31/25
What is the general formula to determine Capital Gain? Profit from Sale - Base Value = Capital Gain
A property owner borrows $490,000 at a 12% interest $58,800
rate. How much interest accumulates in the first year?
(Interest Rate = Interest / Principle)
A property owner has a 20-year mortgage that is worth $784.87
$97,500 with a 7.5% annual interest rate. What does the
property owner pay in mortgage payments every month?
, What is the basic formula for determining the proration of Tax or Fee Rate x Remaining Days or Months = Tax or Fee Owed
fees?
A house has 3 distinct rectangular shapes: 4450 ft2
A=20'x30'
B=10'x10'
C=75'x50'
What is the square footage total?
How many hours must an applicant provide that are 1,500 hours
acceptable and verifiable appraisal experience acquired
over a minimum of 12 months?
What is functional obsolescence? The loss of property value due to qualities of the property that cannot be easily
changed
What is the most probable price which a property should Market value
bring in a competitive and open market under all
conditions requisite to a fair sale, the buyer and seller
each acting prudently and knowledgeably?
Which of the following objective value means the value Anticipation
of a piece of property will rise or fall because of a future
benefit or a future complication?
Replacement cost, or the dollar amount it would cost to Cost approach.
construct at current prices a structure that is not exactly
the same is in which type of appraisal?
A CMA is what? Comparative Market Analysis
What are fees paid to the lender to compensate the loan Origination points.
company or bank for evaluating, processing, and
approving a mortgage?
A privately run, for-profit financial institution that provides Bank.
a number of services including mortgage lending is a...
In which type of payment plan does the borrower pay a Flexible payment plan.
lesser amount for the first years of the plan, often
scheduled at five years, and then a higher monthly
amount in the last portion of the loan?
What is a federal program run by the U.S. Department of The Making Home Affordable Program.
the Treasury which is intended help homeowners avoid
foreclosure?
