AYPO Real Estate Principles Of Real Estate II
AYPO REAL ESTATE PRINCIPLES OF REAL ESTATE II NEWEST
2025 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT
ANSWERS(VERIFIED ANSWERS)|ALREADY GRADED A+
The Federal Reserve System does not directly control... - ANSWER-1. national production.
2. levels of employment.
3. inflation.
What occurs in secondary capital markets? - ANSWER-Securities are traded between investors
What is an alternative to financial institutions particularly for buyers who are not able to obtain
conventional financing? - ANSWER-Private lending.
Which of the following combines and replaces the final Truth-in-Lending disclosure and the
HUD-1? - ANSWER-The closing disclosure
Zoning regulations must be designed to: - ANSWER-1. Lessen congestion in the streets.
2. Provide adequate light and air.
3. Avoid undue concentration of population.
What is a unique political subdivision of a municipality in Texas? - ANSWER-TIRZ
Which are the two means used to alter a deed restriction? - ANSWER-Waiver and judicial
Of the 167,625,000 acres of land in Texas, 1.92% is owned by the state and/or federal
government, ranking Texas __ of the 50 states. - ANSWER-47
1|Page
, AYPO Real Estate Principles Of Real Estate II
What means "trade or commerce among the several states or between any foreign country and
any state?" - ANSWER-Interstate commerce.
What does CERCLA do? - ANSWER-Provides a Federal "Superfund" to clean up uncontrolled or
abandoned hazardous-waste sites as well as accidents, spills, and other emergency releases of
pollutants and contaminants into the environment.
Which of these can help a licensee select a specialization if they want one? - ANSWER-1.
licensee's personal knowledge
2. licensee's special knowledge
3. licensee's special skills
70% of those who hold the CPM® designation: - ANSWER-hold the highest management
positions in their offices (owner/partner/officer/director)
Timeshares generally are: - ANSWER-1. a method of dividing up and selling a living unit at a
vacation facility for specified lengths of time
2. the exclusive use of a property for a specified number of days each year
The Certified Commercial Investment Member (CCIM) designation is commercial real estate's
global standard for professional achievement, earned through a(n):. - ANSWER-extensive
curriculum of 200 classroom hours and professional experiential requirements
What are some of the specialty areas that a real estate licensee will learn to become a specialist
in land sales (Accredited Land Consultant)? - ANSWER-1. hunting rights
2. mineral rights
3. water rights
2|Page
, AYPO Real Estate Principles Of Real Estate II
Licensees wanting to specialize and excel in farm and ranch sales need all of these except: -
ANSWER-a specialty designation
What are some of the issues often encountered with REO properties? - ANSWER-1. services may
be shut off making viewing more challenging
2. extensive repairs may be needed prior to move in
3. as-is condition may make it more difficult to find lenders
After a property is sold at auction, what may the former owner/tenant of the property face? -
ANSWER-the former property owner does not move off the property after it is sold, he or she
will be served with an eviction notice from the sheriff's office.
As of January 10, 2014, the federal Consumer Financial Protection Bureau has required that the
mortgage servicer must wait until the owner is more than ______________ on payments before
the lender may make the first official notice or filing for any nonjudicial or judicial foreclosure. -
ANSWER-120 days delinquent
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
Convert the following fraction to a decimal for ease of computation: 31/25 - ANSWER-1.24
What is the general formula to determine Capital Gain? - ANSWER-Profit from Sale - Base Value
= Capital Gain
3|Page
AYPO REAL ESTATE PRINCIPLES OF REAL ESTATE II NEWEST
2025 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT
ANSWERS(VERIFIED ANSWERS)|ALREADY GRADED A+
The Federal Reserve System does not directly control... - ANSWER-1. national production.
2. levels of employment.
3. inflation.
What occurs in secondary capital markets? - ANSWER-Securities are traded between investors
What is an alternative to financial institutions particularly for buyers who are not able to obtain
conventional financing? - ANSWER-Private lending.
Which of the following combines and replaces the final Truth-in-Lending disclosure and the
HUD-1? - ANSWER-The closing disclosure
Zoning regulations must be designed to: - ANSWER-1. Lessen congestion in the streets.
2. Provide adequate light and air.
3. Avoid undue concentration of population.
What is a unique political subdivision of a municipality in Texas? - ANSWER-TIRZ
Which are the two means used to alter a deed restriction? - ANSWER-Waiver and judicial
Of the 167,625,000 acres of land in Texas, 1.92% is owned by the state and/or federal
government, ranking Texas __ of the 50 states. - ANSWER-47
1|Page
, AYPO Real Estate Principles Of Real Estate II
What means "trade or commerce among the several states or between any foreign country and
any state?" - ANSWER-Interstate commerce.
What does CERCLA do? - ANSWER-Provides a Federal "Superfund" to clean up uncontrolled or
abandoned hazardous-waste sites as well as accidents, spills, and other emergency releases of
pollutants and contaminants into the environment.
Which of these can help a licensee select a specialization if they want one? - ANSWER-1.
licensee's personal knowledge
2. licensee's special knowledge
3. licensee's special skills
70% of those who hold the CPM® designation: - ANSWER-hold the highest management
positions in their offices (owner/partner/officer/director)
Timeshares generally are: - ANSWER-1. a method of dividing up and selling a living unit at a
vacation facility for specified lengths of time
2. the exclusive use of a property for a specified number of days each year
The Certified Commercial Investment Member (CCIM) designation is commercial real estate's
global standard for professional achievement, earned through a(n):. - ANSWER-extensive
curriculum of 200 classroom hours and professional experiential requirements
What are some of the specialty areas that a real estate licensee will learn to become a specialist
in land sales (Accredited Land Consultant)? - ANSWER-1. hunting rights
2. mineral rights
3. water rights
2|Page
, AYPO Real Estate Principles Of Real Estate II
Licensees wanting to specialize and excel in farm and ranch sales need all of these except: -
ANSWER-a specialty designation
What are some of the issues often encountered with REO properties? - ANSWER-1. services may
be shut off making viewing more challenging
2. extensive repairs may be needed prior to move in
3. as-is condition may make it more difficult to find lenders
After a property is sold at auction, what may the former owner/tenant of the property face? -
ANSWER-the former property owner does not move off the property after it is sold, he or she
will be served with an eviction notice from the sheriff's office.
As of January 10, 2014, the federal Consumer Financial Protection Bureau has required that the
mortgage servicer must wait until the owner is more than ______________ on payments before
the lender may make the first official notice or filing for any nonjudicial or judicial foreclosure. -
ANSWER-120 days delinquent
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
Convert the following fraction to a decimal for ease of computation: 31/25 - ANSWER-1.24
What is the general formula to determine Capital Gain? - ANSWER-Profit from Sale - Base Value
= Capital Gain
3|Page
