Summary TEXAS PRINCIPLES OF REAL ESTATE II MUILTCHOICE EXAM GUIDE YEAR

texas principles of real estate


STUDY
GUIDE

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resources

TEXAS PRINCIPLES OF REAL ESTATE II YEAR 2025-2026
texas principles of real estate




STUDY GUIDE AND test bank




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TABLE OF CONTENTS
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GUIDE

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1. examination STUDY GUIDE AND test bank resources
2. exam study guide
3. Study Tips




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, texas principles of real estate


exam STUDY GUIDE AND test bank 2025-2026
STUDY
GUIDE

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Q1: What is the primary purpose of real estate appraisal? resources

a) To estimate the market value of a property ■

b) To sell the property quickly

c) To prepare legal documents

d) To collect taxes


Q2: Which method estimates property value based on recent sales of similar properties?
a) Comparative Market Analysis (CMA) ■

b) Cost Approach

c) Income Approach

d) Replacement Cost Method


Q3: What does the income approach in appraisal use?
a) The income the property generates ■

b) The replacement cost of the building

c) Sales of similar properties

d) Historical tax assessments
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Q4: Which approach calculates value by subtracting depreciation from replacement cost?
a) Cost Approach ■

b) Income Approach

c) Sales Comparison Approach

d) Market Value Approach


Q5: What is the definition of market value?
a) The most probable price a property should bring in a competitive market ■

b) The original purchase price

c) The assessed tax value

d) The amount owed on a mortgage
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Study Guide - texas principles of real estate ii year 2025-2026 - Page 3