Aceable Agent - Principles of Real
Estate II Exam Notes (2025)
QUESTIONS AND VERIFIED
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,Terms in this set (172)
Formulas to TOTAL = PART/PERCENTAGE
calculate PART = TOTAL x PERCENTAGE
commission? PERCENTAGE = PART/ TOTAL
What is the term PRINCIPAL
that describes
the money that is
lent?
Down payment CASH TO CLOSE
minus earnest
money?
Loan payment + TOTAL SALES PRICE
loan principal?
Loan points/fees ORIGINATION POINTS
charged 1% to
compensate
loan officers for
underwriting and
administering
the loan.
,Loan points/fees DISCOUNT POINTS
charged 1% in
exchange for a
lower interest
rate on the loan.
When is the DAY OF CLOSING
seller
responsible for
property taxes?
Ethical code for Uniform Standards of Professional
appraisers? Appraisal Practice (USPAP)
Who regulates Appraiser Qualifications Board
USPAP? (AQB)
Texas Appraiser TALCB
Licensing &
Certification
Board acronym?
, Qualified to LICENSED RESIDENTIAL
appraise: APPRAISER
-1 to 4 family
non-complex
residential units,
<1 mill
-1 to 4 family
residential
complex unit,
<$250k
-75 add'l
education hours
-2000 hours
experience over
min 1 year
-Assoc Degree
or 30 course
credit hours
Estate II Exam Notes (2025)
QUESTIONS AND VERIFIED
ANSWERS (DETAILED ANSWERS)
ALREADY GRADED A+!!
Save
Get a taste for our practice questions
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
,Terms in this set (172)
Formulas to TOTAL = PART/PERCENTAGE
calculate PART = TOTAL x PERCENTAGE
commission? PERCENTAGE = PART/ TOTAL
What is the term PRINCIPAL
that describes
the money that is
lent?
Down payment CASH TO CLOSE
minus earnest
money?
Loan payment + TOTAL SALES PRICE
loan principal?
Loan points/fees ORIGINATION POINTS
charged 1% to
compensate
loan officers for
underwriting and
administering
the loan.
,Loan points/fees DISCOUNT POINTS
charged 1% in
exchange for a
lower interest
rate on the loan.
When is the DAY OF CLOSING
seller
responsible for
property taxes?
Ethical code for Uniform Standards of Professional
appraisers? Appraisal Practice (USPAP)
Who regulates Appraiser Qualifications Board
USPAP? (AQB)
Texas Appraiser TALCB
Licensing &
Certification
Board acronym?
, Qualified to LICENSED RESIDENTIAL
appraise: APPRAISER
-1 to 4 family
non-complex
residential units,
<1 mill
-1 to 4 family
residential
complex unit,
<$250k
-75 add'l
education hours
-2000 hours
experience over
min 1 year
-Assoc Degree
or 30 course
credit hours
