TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST VERSIONS
(VERSIONS A & B) 2024-2025 ACTUAL EXAM 130 REAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS
Which class of office building is aimed at tenants requiring functional space at below-average
rents for the area? - (Correct Answer)Class C
Class C office buildings command below-average rates for the area. They're functional, but not
prestigious.
With a triple net lease, the tenant pays _______ separately from the base rent. - (Correct
Answer)Taxes, insurance, and maintenance
When two very similar properties are for sale in the same neighborhood, which one will sell first
你是想要一篇“眼睛容易阅读
according to the principle of substitution? - (Correct Answer)The lower priced home
的”中文文章
To protect themselves from liability, it's a good idea for property managers to ______. - (Correct
Answer)Stay up to date on local landlord-tenant laws
According to the International Council for Shopping Centers, which commercial property
comprises only 1% of the retail industry? - (Correct Answer)Factory outlet
Which payment plan consists of the borrower paying a constant amount made up of principal and
interest on a periodic basis (usually monthly)? - (Correct Answer)Fully amortized loan payment
plan
Why are many middle-income cooperatives converted to condominiums? - (Correct Answer)To
make resale easier
,What type of lease is used most often with community shopping centers? - (Correct
Answer)percentage
Property taxes generate approximately ______ of local government revenue. - (Correct
Answer)one third (1/3)
Brittany has a small office in a professional building. She has a set monthly lease payment that
has been calculated to include maintenance of the common areas in the building, such as the
restroom and small kitchen, and all nets, utilities, and janitorial charges for her space. The
payment also includes taxes and insurance. The landlord takes these payments and pays the
individual expenses himself. What type of lease does Brittany have? - (Correct Answer)Gross
lease
Which of the following statements best describes the judicial foreclosure and sale process? -
(Correct Answer)The lender must seek the court's permission to foreclose on the property used as
collateral for the loan.
你是想要一篇“眼睛容易阅读
的”中文文章
What's compound interest? - (Correct Answer)Interest that's reinvested into an account that then
earns interest
The owner's covenants and an insurance provision are included in which of the following
documents? - (Correct Answer)Property management agreement
What's the name of the tax program that requires a withholding of a portion of the gross purchase
price when foreign owners of real estate in the U.S. sell that property? - (Correct Answer)Foreign
Investment in Real Estate Property Tax Act (FIRPTA)
Jenner purchased his first home, to which he'll have access forever, as far as he knows. Jenner
owns ______. - (Correct Answer)A freehold estate
What is the formal action to impose the property tax? - (Correct Answer)levy
,Which clause in a commercial lease determines how the tenant may use the space? - (Correct
Answer)Use
The element of a deed that signifies the grantor's intention to transfer title to the grantee is the
______. - (Correct Answer)Act of conveyance
Lyn runs a brokerage and maintains a master file for all the office transactions. The file must be
maintained for how long? - (Correct Answer)As long as Lyn's state requires
All files must be maintained on state law requirements.
Milo is interested in converting his rental properties into condominiums. He's completed his
feasibility study and determined that the conversion costs will pay for themselves at sale time
and the market will support the conversion. What else does Milo need to do prior to conversion?
- (Correct Answer)Make certain the conversion will be allowed by the local government
你是想要一篇“眼睛容易阅读
Ricky Nubbins is three months behind in his 的”中文文章
rent and has received several reminders from the
landlord that the rent is past due. As a result, the landlord has begun working through proper
channels to legally end Ricky's lease before the contract end date. The landlord is terminating his
lease through ______. - (Correct Answer)Eviction
If you and a sibling both inherited your father's property when he died, what type of deed would
you need to get from your sibling in order to be the sole owner of the property? - (Correct
Answer)Quitclaim deed
What is the name of the tenant group that, along with the property manager, is responsible for
regional shopping center promotional activities? - (Correct Answer)Merchants' association
Quentin is a victim of fair housing discrimination who is seeking redress in federal court. What
is the limit on the amount of punitive damages he may be awarded? - (Correct Answer)There is
no limit
, Which of the following is a passive type of real estate investment? - (Correct Answer)limited
partnership
Which statement best describes an amortized loan? - (Correct Answer)Debt that is paid off by
making periodic payments consisting of interest and principal
With an amortized loan, the principal is paid down over the life of the loan according to an
amortization schedule, typically through equal payments.
Kristoff got a bit behind on his mortgage and missed several payments. He and his lender
devised a schedule that gives Kristoff an opportunity to make up those delinquent payments.
What is this an example of? - (Correct Answer)Repayment plan
Kali's good at bargaining. She's willing to concede some things in order to entice a new tenant
into taking one of the rental spaces in the mall, but she always ensures that she's looking out for
the owner's interests by including a certain number of escalation clauses. Which commercial
你是想要一篇“眼睛容易阅读
property manager duty is Kali exceptionally good at? - (Correct Answer)Leasing the property
的”中文文章
Who is the withholding agent under Foreign Investment in Real Property Tax Act? - (Correct
Answer)Buyer
Property manager Elise sends a monthly report to her client Katherine, who owns an apartment
complex. What can Katherine expect to see on this report? - (Correct Answer)Rental receipts,
income, disbursements, and operating expenses
Who might be impacted by the expiration of abatements? - (Correct Answer)New buyers
Cooperative owners are actually called ______. - (Correct Answer)Shareholders
(VERSIONS A & B) 2024-2025 ACTUAL EXAM 130 REAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS
Which class of office building is aimed at tenants requiring functional space at below-average
rents for the area? - (Correct Answer)Class C
Class C office buildings command below-average rates for the area. They're functional, but not
prestigious.
With a triple net lease, the tenant pays _______ separately from the base rent. - (Correct
Answer)Taxes, insurance, and maintenance
When two very similar properties are for sale in the same neighborhood, which one will sell first
你是想要一篇“眼睛容易阅读
according to the principle of substitution? - (Correct Answer)The lower priced home
的”中文文章
To protect themselves from liability, it's a good idea for property managers to ______. - (Correct
Answer)Stay up to date on local landlord-tenant laws
According to the International Council for Shopping Centers, which commercial property
comprises only 1% of the retail industry? - (Correct Answer)Factory outlet
Which payment plan consists of the borrower paying a constant amount made up of principal and
interest on a periodic basis (usually monthly)? - (Correct Answer)Fully amortized loan payment
plan
Why are many middle-income cooperatives converted to condominiums? - (Correct Answer)To
make resale easier
,What type of lease is used most often with community shopping centers? - (Correct
Answer)percentage
Property taxes generate approximately ______ of local government revenue. - (Correct
Answer)one third (1/3)
Brittany has a small office in a professional building. She has a set monthly lease payment that
has been calculated to include maintenance of the common areas in the building, such as the
restroom and small kitchen, and all nets, utilities, and janitorial charges for her space. The
payment also includes taxes and insurance. The landlord takes these payments and pays the
individual expenses himself. What type of lease does Brittany have? - (Correct Answer)Gross
lease
Which of the following statements best describes the judicial foreclosure and sale process? -
(Correct Answer)The lender must seek the court's permission to foreclose on the property used as
collateral for the loan.
你是想要一篇“眼睛容易阅读
的”中文文章
What's compound interest? - (Correct Answer)Interest that's reinvested into an account that then
earns interest
The owner's covenants and an insurance provision are included in which of the following
documents? - (Correct Answer)Property management agreement
What's the name of the tax program that requires a withholding of a portion of the gross purchase
price when foreign owners of real estate in the U.S. sell that property? - (Correct Answer)Foreign
Investment in Real Estate Property Tax Act (FIRPTA)
Jenner purchased his first home, to which he'll have access forever, as far as he knows. Jenner
owns ______. - (Correct Answer)A freehold estate
What is the formal action to impose the property tax? - (Correct Answer)levy
,Which clause in a commercial lease determines how the tenant may use the space? - (Correct
Answer)Use
The element of a deed that signifies the grantor's intention to transfer title to the grantee is the
______. - (Correct Answer)Act of conveyance
Lyn runs a brokerage and maintains a master file for all the office transactions. The file must be
maintained for how long? - (Correct Answer)As long as Lyn's state requires
All files must be maintained on state law requirements.
Milo is interested in converting his rental properties into condominiums. He's completed his
feasibility study and determined that the conversion costs will pay for themselves at sale time
and the market will support the conversion. What else does Milo need to do prior to conversion?
- (Correct Answer)Make certain the conversion will be allowed by the local government
你是想要一篇“眼睛容易阅读
Ricky Nubbins is three months behind in his 的”中文文章
rent and has received several reminders from the
landlord that the rent is past due. As a result, the landlord has begun working through proper
channels to legally end Ricky's lease before the contract end date. The landlord is terminating his
lease through ______. - (Correct Answer)Eviction
If you and a sibling both inherited your father's property when he died, what type of deed would
you need to get from your sibling in order to be the sole owner of the property? - (Correct
Answer)Quitclaim deed
What is the name of the tenant group that, along with the property manager, is responsible for
regional shopping center promotional activities? - (Correct Answer)Merchants' association
Quentin is a victim of fair housing discrimination who is seeking redress in federal court. What
is the limit on the amount of punitive damages he may be awarded? - (Correct Answer)There is
no limit
, Which of the following is a passive type of real estate investment? - (Correct Answer)limited
partnership
Which statement best describes an amortized loan? - (Correct Answer)Debt that is paid off by
making periodic payments consisting of interest and principal
With an amortized loan, the principal is paid down over the life of the loan according to an
amortization schedule, typically through equal payments.
Kristoff got a bit behind on his mortgage and missed several payments. He and his lender
devised a schedule that gives Kristoff an opportunity to make up those delinquent payments.
What is this an example of? - (Correct Answer)Repayment plan
Kali's good at bargaining. She's willing to concede some things in order to entice a new tenant
into taking one of the rental spaces in the mall, but she always ensures that she's looking out for
the owner's interests by including a certain number of escalation clauses. Which commercial
你是想要一篇“眼睛容易阅读
property manager duty is Kali exceptionally good at? - (Correct Answer)Leasing the property
的”中文文章
Who is the withholding agent under Foreign Investment in Real Property Tax Act? - (Correct
Answer)Buyer
Property manager Elise sends a monthly report to her client Katherine, who owns an apartment
complex. What can Katherine expect to see on this report? - (Correct Answer)Rental receipts,
income, disbursements, and operating expenses
Who might be impacted by the expiration of abatements? - (Correct Answer)New buyers
Cooperative owners are actually called ______. - (Correct Answer)Shareholders
