6/7/25, 8:30 AM Aceable Agent Principles of Real Estate 2 Practice Test COMPLETE QUESTIONS AND ANSWERS | ALREADY PASSED | 2025 LAT…
Aceable Agent Principles of Real Estate 2
Practice Test COMPLETE QUESTIONS AND
ANSWERS | ALREADY PASSED | 2025 LATEST!!
Save
Terms in this set (60)
an increase in property value due to active and
What is investment gain?
purposeful developments or improvements
Ben has recently Any problems that arise after policy purchase are not
purchased a policy for title covered.
insurance. Two weeks after
making his purchase, it is
revealed that there were
unknown liens attached to
the title. What is TRUE of
this situation?
Which of the following is A credit is an amount a person receives at closing.
an example of something
that would be listed on a
Closing Disclosure as a
credit to the buyer?
https://quizlet.com/1052099673/aceable-agent-principles-of-real-estate-2-practice-test-complete-questions-and-answers-already-passed-2025-latest-f… 1/12
, 6/7/25, 8:31 AM Aceable Agent Principles of Real Estate 2 Practice Test COMPLETE QUESTIONS AND ANSWERS | ALREADY PASSED | 2025 LAT…
Gladys owns two She CAN claim depreciation on her residential
properties: one is a property; she can NOT claim depreciation on her
residential property and undeveloped land.
the other is a plot of
undeveloped land. Which
of the following is TRUE
about Gladys' properties?
Landlords MUST allow modifications made at the tenant's expense
tenants with disabilities to
make reasonable
modifications to a
property so they can
enjoy it. But there are also
unreasonable
modifications a landlord
does NOT have to allow;
all of the following are
unreasonable
modifications EXCEPT:
What does "REO" stand "Real Estate Owned"
for?
In which of the following A property manager who is an on-site apartment
cases would a property manager NOT acting as an agent, leasing the owner's
manager NOT need a real real estate.
estate license?
What is a fee simple an estate in which the property MUST be used for a
subject to a condition specific purpose and if it's not, the real estate reverts
subsequent estate? back to the original owner
Which of the following is While appraisers do concern themselves with the
NOT a principle of highest and best use of a property, "principle of best
appraisal? use" is not among the principles.
https://quizlet.com/1052099673/aceable-agent-principles-of-real-estate-2-practice-test-complete-questions-and-answers-already-passed-2025-latest-f… 2/12
Aceable Agent Principles of Real Estate 2
Practice Test COMPLETE QUESTIONS AND
ANSWERS | ALREADY PASSED | 2025 LATEST!!
Save
Terms in this set (60)
an increase in property value due to active and
What is investment gain?
purposeful developments or improvements
Ben has recently Any problems that arise after policy purchase are not
purchased a policy for title covered.
insurance. Two weeks after
making his purchase, it is
revealed that there were
unknown liens attached to
the title. What is TRUE of
this situation?
Which of the following is A credit is an amount a person receives at closing.
an example of something
that would be listed on a
Closing Disclosure as a
credit to the buyer?
https://quizlet.com/1052099673/aceable-agent-principles-of-real-estate-2-practice-test-complete-questions-and-answers-already-passed-2025-latest-f… 1/12
, 6/7/25, 8:31 AM Aceable Agent Principles of Real Estate 2 Practice Test COMPLETE QUESTIONS AND ANSWERS | ALREADY PASSED | 2025 LAT…
Gladys owns two She CAN claim depreciation on her residential
properties: one is a property; she can NOT claim depreciation on her
residential property and undeveloped land.
the other is a plot of
undeveloped land. Which
of the following is TRUE
about Gladys' properties?
Landlords MUST allow modifications made at the tenant's expense
tenants with disabilities to
make reasonable
modifications to a
property so they can
enjoy it. But there are also
unreasonable
modifications a landlord
does NOT have to allow;
all of the following are
unreasonable
modifications EXCEPT:
What does "REO" stand "Real Estate Owned"
for?
In which of the following A property manager who is an on-site apartment
cases would a property manager NOT acting as an agent, leasing the owner's
manager NOT need a real real estate.
estate license?
What is a fee simple an estate in which the property MUST be used for a
subject to a condition specific purpose and if it's not, the real estate reverts
subsequent estate? back to the original owner
Which of the following is While appraisers do concern themselves with the
NOT a principle of highest and best use of a property, "principle of best
appraisal? use" is not among the principles.
https://quizlet.com/1052099673/aceable-agent-principles-of-real-estate-2-practice-test-complete-questions-and-answers-already-passed-2025-latest-f… 2/12
