TEXASgSAEgREALgESTATEgINVESTMENTg2gLATESTgVERSIONSg(VERSIO
Ag&gB)g2024-
2025gACTUALgEXAMg300gREALgEXAMgQUESTIONSgANDgCOgRECTgDETA
ILEDgANSWERS
Studygonlinegatghttps://quizlet.com/_fhu4jx
1. Which gclassgofgofficegbuildinggisgaimedg ClassgC
atgtenantsgrequiringgfunctionalgspacegat
gbelow-averagegrentsgforgthegarea? ClassgCgofficegbuildingsgcom-
gmandgbelow-
averagegratesgforgthegarea.gThey'r
egfunctional,gbutgnotgprestigious.
2. Withgagtriplegnetglease,gthegtenantgpays Taxes,ginsurance,gandgmainte-
separatelygfromgthegbasegrent. gnance
3. Whengtwogverygsimilargpropertiesgaregfor Theglowergpricedghome
gsalegingthegsamegneighborhood,gwhichg
onegwillgsellgfirstgaccordinggtogthegprin-
gciplegofgsubstitution?
4. Togprotectgthemselvesgfromgliability,git's Staygupgtogdategonglocalgland-
gaggoodgideagforgpropertygmanagersgto glord-tenantglaws
.
5. AccordinggtogthegInternationalgCouncil Factorygoutlet
gforgShoppinggCenters, gwhichgcommer-
gcialgpropertygcomprises gonlyg1%gofgth
egretailgindustry?
6. Whichgpaymentgplangconsistsgofgthegbor- Fullygamortizedgloangpaymentgpla
growergpayinggagconstantgamountgmadeg n
upgofgprincipalgandginterestgongagperiodic
gbasisg(usuallygmonthly)?
7. Whygaregmanygmiddle-incomegcoopera- Togmakegresalegeasiergpercen
gtivesgconvertedgtogcondominiums?
8. Whatgtypegofgleasegisgusedgmostgoften tage
gwithgcommunitygshoppinggcenters?
9. Propertygtaxesggenerategapproximately onegthirdg(1/3)
ofglocalggovernmentgrevenue.
1g/g71
, TEXASgSAEgREALgESTATEgINVESTMENTg2gLATESTgVERSIONSg(VERSIO
Ag&gB)g2024-
2025gACTUALgEXAMg300gREALgEXAMgQUESTIONSgANDgCOgRECTgDETA
ILEDgANSWERS
10. Brittany ghas
Studygonline gatggagsmallgofficegingagprofes- Grossglease
https://quizlet.com/_fhu4jx
gsionalgbuilding.gSheghasgagsetgmonthlyg
leasegpaymentgthatghasgbeengcalculated
gtogincludegmaintenancegofgthegcommon
gareasgingthegbuilding,gsuchgasgthegre-
gstroomgandgsmallgkitchen,gandgallgnets,g
utilities,gandgjanitorialgchargesgforghergs
pace.gThegpaymentgalsogincludesgtaxesg
andginsurance.gTheglandlordgtakesgthese
gpaymentsgandgpaysgthegindividualgex-
gpensesghimself.gWhatgtypegofgleasegdoe
sgBrittanyghave?
11. Whichgofgthegfollowinggstatementsgbest Theglendergmustgseekgthegcourt's
gdescribesgthegjudicialgforeclosuregandg gpermissiongtogforeclosegongtheg
salegprocess? propertygusedgasgcollateralgforgth
egloan.
12. What'sgcompoundginterest? Interestgthat'sgreinvestedgintogan
accountgthatgthengearnsginterest
13. Thegowner'sgcovenantsgandganginsur- Propertygmanagementgagree-
gancegprovisiongaregincludedgingwhichgo gment
fgthegfollowinggdocuments?
14. What'sgthegnamegofgthegtaxgprogramgthat ForeigngInvestmentgingRealgEs-
grequiresgagwithholdinggofgagportiongofgt gtategPropertygTaxgActg(FIRPTA)
heggrossgpurchasegpricegwhengforeigng
ownersgofgrealgestategingthegU.S.gsellgthat
gproperty?
15. Jennergpurchasedghisgfirstghome,gtogwhi Agfreeholdgestate
chghe'llghavegaccessgforever,gasgfargasgheg
knows.gJennergownsg .
16. Whatgisgthegformalgactiongtogimposegthe levy
gpropertygtax?
2g/g71
, TEXASgSAEgREALgESTATEgINVESTMENTg2gLATESTgVERSIONSg(VERSIO
Ag&gB)g2024-
2025gACTUALgEXAMg300gREALgEXAMgQUESTIONSgANDgCOgRECTgDETA
ILEDgANSWERS
17. Which gclause
Studygonline gingagcommercialgleasegde- Use
gatghttps://quizlet.com/_fhu4jx
gterminesghow gthegtenantgmaygusegthegs
pace?
18. Thegelementgofgagdeedgthatgsignifiesgthe Actgofgconveyance
ggrantor'sgintentiongtogtransfergtitlegtogth
eggranteegisgtheg .
19. Lyngrunsgagbrokeragegandgmaintainsgag AsglonggasgLyn'sgstategrequires
mastergfilegforgallgthegofficegtransactions.
gThegfilegmustgbegmaintainedgforghow glo Allgfilesgmustgbegmaintainedgongst
ng? ateglawgrequirements.
20. Milogisginterestedgingconvertingghisgrent Makegcertaingthegconversiongwillg
algpropertiesgintogcondominiums.gHe'sgc begallowedgbygtheglocalggovern-
ompletedghisgfeasibilitygstudygandgdeter gment
minedgthatgthegconversiongcostsgwillgpa
ygforgthemselvesgatgsalegtimegandgthegm
arketgwillgsupportgthegconversion.gWhatg
elsegdoesgMilogneedgtogdogpriorgtogconv
ersion?
21. RickygNubbinsgisgthreegmonthsgbehindgi Eviction
nghisgrentgandghasgreceivedgseveralgre-
gmindersgfromgtheglandlordgthatgthegrent
gisgpastgdue.gAsgagresult,gtheglandlordgha
sgbegungworkinggthroughgpropergchanne
lsgtoglegallygendgRicky'sgleasegbeforegth
egcontractgendgdate.gTheglandlordgisgter
mi-gnatingghisgleasegthroughg .
22. Ifgyougandgagsiblinggbothginheritedgyourg Quitclaimgdeed
father'sgpropertygwhenghegdied,gwhatgty
pegofgdeedgwouldgyougneedgtoggetgfromgy
ourgsiblinggingordergtogbegthegsolegownerg
ofgthegproperty?
23. Merchants'gassociation
3g/g71
, TEXASgSAEgREALgESTATEgINVESTMENTg2gLATESTgVERSIONSg(VERSIO
Ag&gB)g2024-
2025gACTUALgEXAMg300gREALgEXAMgQUESTIONSgANDgCOgRECTgDETA
ILEDgANSWERS
What isgthe
Studyggonline ggname
gat gofgthegtenantggroupgth
https://quizlet.com/_fhu4jx
at,galonggwithgthegpropertygmanager,gisgr
esponsiblegforgregionalgshoppinggcen-
gtergpromotionalgactivities?
24. Quentingisgagvictimgofgfairghousinggdis- Theregisgnoglimit
gcriminationgwhogisgseekinggredressgingf
ederalgcourt.gWhatgisgtheglimitgongthega
mountgofgpunitivegdamagesghegmaygbeg
awarded?
25. Whichgofgthegfollowinggisgagpassivegtype limitedgpartnership
gofgrealgestateginvestment?
26. Whichgstatementgbestgdescribesgan Debtgthatgisgpaidgoffgbygmakinggp
gamortizedgloan? eriodicgpaymentsgconsistinggofgint
erestgandgprincipal
Withgangamortizedgloan,gthegprin-
gcipalgisgpaidgdowngovergtheglifeg
ofgthegloangaccordinggtogangamo
rtizationgschedule,gtypicallygthro
ughgequalgpayments.
27. Kristoffggotgagbitgbehindgonghisgmortgage Repaymentgplan
gandgmissedgseveral gpayments.gHegandg
hisglendergdevisedgagschedulegthatggives
gKristoffgangopportunitygtogmakegupgthos
egdelinquentgpayments.gWhatgisgthisgange
x-gamplegof?
28. Kali'sggoodgatgbargaining.gShe'sgwilling Leasinggthegproperty
gtogconcedegsomegthingsgingordergtogen
-
gticegagnew gtenantgintogtakinggonegofg th
egrentalgspacesgingthegmall,gbutgshegalw
aysgensuresgthatgshe'sglookinggoutgforg
thegowner'sginterestsgbygincludinggagce
rtaingnumbergofgescalationgclaus-
4g/g71
Ag&gB)g2024-
2025gACTUALgEXAMg300gREALgEXAMgQUESTIONSgANDgCOgRECTgDETA
ILEDgANSWERS
Studygonlinegatghttps://quizlet.com/_fhu4jx
1. Which gclassgofgofficegbuildinggisgaimedg ClassgC
atgtenantsgrequiringgfunctionalgspacegat
gbelow-averagegrentsgforgthegarea? ClassgCgofficegbuildingsgcom-
gmandgbelow-
averagegratesgforgthegarea.gThey'r
egfunctional,gbutgnotgprestigious.
2. Withgagtriplegnetglease,gthegtenantgpays Taxes,ginsurance,gandgmainte-
separatelygfromgthegbasegrent. gnance
3. Whengtwogverygsimilargpropertiesgaregfor Theglowergpricedghome
gsalegingthegsamegneighborhood,gwhichg
onegwillgsellgfirstgaccordinggtogthegprin-
gciplegofgsubstitution?
4. Togprotectgthemselvesgfromgliability,git's Staygupgtogdategonglocalgland-
gaggoodgideagforgpropertygmanagersgto glord-tenantglaws
.
5. AccordinggtogthegInternationalgCouncil Factorygoutlet
gforgShoppinggCenters, gwhichgcommer-
gcialgpropertygcomprises gonlyg1%gofgth
egretailgindustry?
6. Whichgpaymentgplangconsistsgofgthegbor- Fullygamortizedgloangpaymentgpla
growergpayinggagconstantgamountgmadeg n
upgofgprincipalgandginterestgongagperiodic
gbasisg(usuallygmonthly)?
7. Whygaregmanygmiddle-incomegcoopera- Togmakegresalegeasiergpercen
gtivesgconvertedgtogcondominiums?
8. Whatgtypegofgleasegisgusedgmostgoften tage
gwithgcommunitygshoppinggcenters?
9. Propertygtaxesggenerategapproximately onegthirdg(1/3)
ofglocalggovernmentgrevenue.
1g/g71
, TEXASgSAEgREALgESTATEgINVESTMENTg2gLATESTgVERSIONSg(VERSIO
Ag&gB)g2024-
2025gACTUALgEXAMg300gREALgEXAMgQUESTIONSgANDgCOgRECTgDETA
ILEDgANSWERS
10. Brittany ghas
Studygonline gatggagsmallgofficegingagprofes- Grossglease
https://quizlet.com/_fhu4jx
gsionalgbuilding.gSheghasgagsetgmonthlyg
leasegpaymentgthatghasgbeengcalculated
gtogincludegmaintenancegofgthegcommon
gareasgingthegbuilding,gsuchgasgthegre-
gstroomgandgsmallgkitchen,gandgallgnets,g
utilities,gandgjanitorialgchargesgforghergs
pace.gThegpaymentgalsogincludesgtaxesg
andginsurance.gTheglandlordgtakesgthese
gpaymentsgandgpaysgthegindividualgex-
gpensesghimself.gWhatgtypegofgleasegdoe
sgBrittanyghave?
11. Whichgofgthegfollowinggstatementsgbest Theglendergmustgseekgthegcourt's
gdescribesgthegjudicialgforeclosuregandg gpermissiongtogforeclosegongtheg
salegprocess? propertygusedgasgcollateralgforgth
egloan.
12. What'sgcompoundginterest? Interestgthat'sgreinvestedgintogan
accountgthatgthengearnsginterest
13. Thegowner'sgcovenantsgandganginsur- Propertygmanagementgagree-
gancegprovisiongaregincludedgingwhichgo gment
fgthegfollowinggdocuments?
14. What'sgthegnamegofgthegtaxgprogramgthat ForeigngInvestmentgingRealgEs-
grequiresgagwithholdinggofgagportiongofgt gtategPropertygTaxgActg(FIRPTA)
heggrossgpurchasegpricegwhengforeigng
ownersgofgrealgestategingthegU.S.gsellgthat
gproperty?
15. Jennergpurchasedghisgfirstghome,gtogwhi Agfreeholdgestate
chghe'llghavegaccessgforever,gasgfargasgheg
knows.gJennergownsg .
16. Whatgisgthegformalgactiongtogimposegthe levy
gpropertygtax?
2g/g71
, TEXASgSAEgREALgESTATEgINVESTMENTg2gLATESTgVERSIONSg(VERSIO
Ag&gB)g2024-
2025gACTUALgEXAMg300gREALgEXAMgQUESTIONSgANDgCOgRECTgDETA
ILEDgANSWERS
17. Which gclause
Studygonline gingagcommercialgleasegde- Use
gatghttps://quizlet.com/_fhu4jx
gterminesghow gthegtenantgmaygusegthegs
pace?
18. Thegelementgofgagdeedgthatgsignifiesgthe Actgofgconveyance
ggrantor'sgintentiongtogtransfergtitlegtogth
eggranteegisgtheg .
19. Lyngrunsgagbrokeragegandgmaintainsgag AsglonggasgLyn'sgstategrequires
mastergfilegforgallgthegofficegtransactions.
gThegfilegmustgbegmaintainedgforghow glo Allgfilesgmustgbegmaintainedgongst
ng? ateglawgrequirements.
20. Milogisginterestedgingconvertingghisgrent Makegcertaingthegconversiongwillg
algpropertiesgintogcondominiums.gHe'sgc begallowedgbygtheglocalggovern-
ompletedghisgfeasibilitygstudygandgdeter gment
minedgthatgthegconversiongcostsgwillgpa
ygforgthemselvesgatgsalegtimegandgthegm
arketgwillgsupportgthegconversion.gWhatg
elsegdoesgMilogneedgtogdogpriorgtogconv
ersion?
21. RickygNubbinsgisgthreegmonthsgbehindgi Eviction
nghisgrentgandghasgreceivedgseveralgre-
gmindersgfromgtheglandlordgthatgthegrent
gisgpastgdue.gAsgagresult,gtheglandlordgha
sgbegungworkinggthroughgpropergchanne
lsgtoglegallygendgRicky'sgleasegbeforegth
egcontractgendgdate.gTheglandlordgisgter
mi-gnatingghisgleasegthroughg .
22. Ifgyougandgagsiblinggbothginheritedgyourg Quitclaimgdeed
father'sgpropertygwhenghegdied,gwhatgty
pegofgdeedgwouldgyougneedgtoggetgfromgy
ourgsiblinggingordergtogbegthegsolegownerg
ofgthegproperty?
23. Merchants'gassociation
3g/g71
, TEXASgSAEgREALgESTATEgINVESTMENTg2gLATESTgVERSIONSg(VERSIO
Ag&gB)g2024-
2025gACTUALgEXAMg300gREALgEXAMgQUESTIONSgANDgCOgRECTgDETA
ILEDgANSWERS
What isgthe
Studyggonline ggname
gat gofgthegtenantggroupgth
https://quizlet.com/_fhu4jx
at,galonggwithgthegpropertygmanager,gisgr
esponsiblegforgregionalgshoppinggcen-
gtergpromotionalgactivities?
24. Quentingisgagvictimgofgfairghousinggdis- Theregisgnoglimit
gcriminationgwhogisgseekinggredressgingf
ederalgcourt.gWhatgisgtheglimitgongthega
mountgofgpunitivegdamagesghegmaygbeg
awarded?
25. Whichgofgthegfollowinggisgagpassivegtype limitedgpartnership
gofgrealgestateginvestment?
26. Whichgstatementgbestgdescribesgan Debtgthatgisgpaidgoffgbygmakinggp
gamortizedgloan? eriodicgpaymentsgconsistinggofgint
erestgandgprincipal
Withgangamortizedgloan,gthegprin-
gcipalgisgpaidgdowngovergtheglifeg
ofgthegloangaccordinggtogangamo
rtizationgschedule,gtypicallygthro
ughgequalgpayments.
27. Kristoffggotgagbitgbehindgonghisgmortgage Repaymentgplan
gandgmissedgseveral gpayments.gHegandg
hisglendergdevisedgagschedulegthatggives
gKristoffgangopportunitygtogmakegupgthos
egdelinquentgpayments.gWhatgisgthisgange
x-gamplegof?
28. Kali'sggoodgatgbargaining.gShe'sgwilling Leasinggthegproperty
gtogconcedegsomegthingsgingordergtogen
-
gticegagnew gtenantgintogtakinggonegofg th
egrentalgspacesgingthegmall,gbutgshegalw
aysgensuresgthatgshe'sglookinggoutgforg
thegowner'sginterestsgbygincludinggagce
rtaingnumbergofgescalationgclaus-
4g/g71
