1|Page
AYPO Real Estate Principles Of Real Estate II Newest
2025/2026 Actual Exam Complete Questions And
100%Correct Detailed Answers(Verified And Graded
A+)
A Privately run, for-profit financial institution that provides
a number of services including mortgage lending is
classified as which of the following? - ANSWER-A bank
Liens, unpaid mortgages and taxes, encroachments, or
defects that can limit the ability to transfer the property to
another owner are generally referred to as which of the
following? - ANSWER-Clouds
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The four major factors adjusted for when preforming a
market comparison on a particular home DOES NOT
include: - ANSWER-Climate
The cost approach, sometimes called "appraisal by
summation," bases the value estimate off of which of the
following? - ANSWER-The cost required to replace the
property with a new one.
Timeshares generally which of the following? - ANSWER-
1. The exclusive use of a property for a specified number
of days each year.
2. A method of dividing up and selling a living unit at a
vacation facility for specified lengths of time.
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Someone who passes away with a valid will in place is
said to have passed "testate" which means which of the
following? - ANSWER-With a valid will.
A property manager generally establishes rental rate using
all except which of the following? - ANSWER-Researching
consumer price index
The number 3.14 (pi) is used for determining: - ANSWER-
the are of a circle
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Prorate, or pro rata, means to: - ANSWER-Proportion a
cost over time and it is used to adjust an overall payment
to the actual days of usage
When a court order is used by a lessor to evict a lessee
and the lessee is physically removed from the property it is
called: - ANSWER-Actual eviction
Public land use controls include all of the following except
which of these? - ANSWER-Covenants
A home equity conversion mortgage (HECIM) is also
known as a(n): - ANSWER-reverse rate mortgage
AYPO Real Estate Principles Of Real Estate II Newest
2025/2026 Actual Exam Complete Questions And
100%Correct Detailed Answers(Verified And Graded
A+)
A Privately run, for-profit financial institution that provides
a number of services including mortgage lending is
classified as which of the following? - ANSWER-A bank
Liens, unpaid mortgages and taxes, encroachments, or
defects that can limit the ability to transfer the property to
another owner are generally referred to as which of the
following? - ANSWER-Clouds
,2|Page
The four major factors adjusted for when preforming a
market comparison on a particular home DOES NOT
include: - ANSWER-Climate
The cost approach, sometimes called "appraisal by
summation," bases the value estimate off of which of the
following? - ANSWER-The cost required to replace the
property with a new one.
Timeshares generally which of the following? - ANSWER-
1. The exclusive use of a property for a specified number
of days each year.
2. A method of dividing up and selling a living unit at a
vacation facility for specified lengths of time.
,3|Page
Someone who passes away with a valid will in place is
said to have passed "testate" which means which of the
following? - ANSWER-With a valid will.
A property manager generally establishes rental rate using
all except which of the following? - ANSWER-Researching
consumer price index
The number 3.14 (pi) is used for determining: - ANSWER-
the are of a circle
, 4|Page
Prorate, or pro rata, means to: - ANSWER-Proportion a
cost over time and it is used to adjust an overall payment
to the actual days of usage
When a court order is used by a lessor to evict a lessee
and the lessee is physically removed from the property it is
called: - ANSWER-Actual eviction
Public land use controls include all of the following except
which of these? - ANSWER-Covenants
A home equity conversion mortgage (HECIM) is also
known as a(n): - ANSWER-reverse rate mortgage
