{"id":111345,"date":"2023-08-02T19:16:39","date_gmt":"2023-08-02T19:16:39","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=111345"},"modified":"2023-08-02T19:16:43","modified_gmt":"2023-08-02T19:16:43","slug":"texas-real-estate-investment-exam-2023-2024-actual-exam-250-questions-and-correct-detailed-answers-verified-and-correct-answers-already-graded-a","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/08\/02\/texas-real-estate-investment-exam-2023-2024-actual-exam-250-questions-and-correct-detailed-answers-verified-and-correct-answers-already-graded-a\/","title":{"rendered":"TEXAS REAL ESTATE INVESTMENT EXAM 2023-2024 ACTUAL EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AND CORRECT ANSWERS) |ALREADY GRADED A"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><\/li>\n<\/ul>\n\n\n\n<p>TEXAS REAL ESTATE INVESTMENT EXAM 2023-2024<br>ACTUAL EXAM 250 QUESTIONS AND CORRECT<br>DETAILED ANSWERS (VERIFIED AND CORRECT<br>ANSWERS) |ALREADY GRADED A<br>What do cooperative owners receive to demonstrate ownership? &#8211;<br>ANSWER- Corporation shares and a proprietary lease<br>What does income shelter mean? &#8211; ANSWER- It means that the income<br>received is sheltered from taxation.<br>Which of the following statements is a true statement about points paid<br>by a borrower for refinancing? &#8211; ANSWER- If a portion of the amount<br>refinanced is used to improve the home, points could be deductible<br>A group of investors bought property and developed a movie production<br>studio. After a few years in business, the state passed regulations<br>limiting the amount of tax incentives it would offer film studios shooting<br>movies in the state. This move caused several companies to move their<br>shooting to other states, jeopardizing the investors&#8217; ability to earn the<br>return they were expecting. What type of risk is this? &#8211; ANSWERDynamic<br>Which of the following is a current trend in condominium investments? &#8211;<br>ANSWER- Applying the condo format to other types of properties<br>Price levels are an indicator of <strong><em>_<\/em><\/strong>. &#8211; ANSWER- Demand<br>What type of asset is held in a land trust? &#8211; ANSWER- Real estate<br>Lendright Home Loans asked a trustee to begin foreclosure proceedings<br>as permitted by the power-of-sale clause in the security instrument. This<\/p>\n\n\n\n<p>action does not need to involve the courts. What type of foreclosure<br>process is being used? &#8211; ANSWER- Non-judicial foreclosure<br>Which type of real estate property can be divided into classes A, B, and<br>C? &#8211; ANSWER- Office buildings<br>Which two numbers do you add to calculate maximum price? &#8211;<br>ANSWER- Maximum equity and maximum loan<br>Who is the withholding agent under Foreign Investment in Real Property<br>Tax Act? &#8211; ANSWER- The buyer<br>Which type of property lends itself more to farming and agriculture? &#8211;<br>ANSWER- Large, flat acreage properties in rural communities<br>Which document details the duties of the condominium board and the<br>scope of its power? &#8211; ANSWER- Bylaws<br>Property manager Cal has received three middle-of-the-night voice<br>messages on his phone from the same tenant, Lin, who is furious with<br>Cal&#8217;s standard late rent fee. The late rent policy is spelled out in Lin&#8217;s<br>written lease. What should Cal do? &#8211; ANSWER- Talk to Lin as soon as<br>possible, listen to his complaint, and help him understand that the fine is<br>non-negotiable.<br>Sam and Monique knew that the old industrial site that they purchased<br>needed some environmental cleanup, but they don&#8217;t have the cash and<br>put cleanup on hold. The EPA hired its own crew to deal with<br>groundwater issues because of industrial solvents and billed Sam and<br>Monique $164,000 when the job was complete. If Sam and Monique<br>don&#8217;t pay the bill, which of the following could happen? &#8211; ANSWERThe EPA can seek damages in court for up to three times the actual<br>cleanup costs.<\/p>\n\n\n\n<p>Another name for a coupon bond, which is rarely issued anymore, is the<br><strong><em><strong>bond. &#8211; ANSWER- Bearer Cap rate is <\/strong><\/em><\/strong><em>. &#8211; ANSWER- A way of quickly valuing incomeproducing properties in comparison to other properties<br>Vacancy rates in existing brick-and-mortar stores are around <strong>_<\/strong><\/em>. &#8211;<br>ANSWER- 14%<br>Which organization manages a community&#8217;s budget, zoning, and<br>building code review, among other things? &#8211; ANSWER- Local planning<br>board<br>Your tenant, Tom, has called to complain about a broken water heater.<br>You hire someone to replace it. What type of maintenance are you<br>performing? &#8211; ANSWER- Corrective<br>What&#8217;s the name of the tax program that requires a withholding of a<br>portion of the gross purchase price when foreign owners of real estate in<br>the U.S. sell that property? &#8211; ANSWER- Foreign Investment in Real<br>Estate Property Tax Act (FIRPTA)<br>A property valued at $500,000 is returning a net annual income of<br>$45,000. What is the cap rate for this investment? &#8211; ANSWER- 9%<br>Which of the following statements describes an off-site residential<br>property manager? &#8211; ANSWER- Supervises on-site personnel for<br>multiple properties<br>In response to the increase in foreclosures and losses on their balance<br>sheets, not to mention a reduced market for subprime loans, many<br>lenders slowed their lending activities. What was the impact of this on<br>the overall economy? &#8211; ANSWER- The economy headed into a<br>recession.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TEXAS REAL ESTATE INVESTMENT EXAM 2023-2024ACTUAL EXAM 250 QUESTIONS AND CORRECTDETAILED ANSWERS (VERIFIED AND CORRECTANSWERS) |ALREADY GRADED AWhat do cooperative owners receive to demonstrate ownership? &#8211;ANSWER- Corporation shares and a proprietary leaseWhat does income shelter mean? &#8211; ANSWER- It means that the incomereceived is sheltered from taxation.Which of the following statements is a true statement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[],"tags":[],"class_list":["post-111345","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/111345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=111345"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/111345\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=111345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=111345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=111345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}