TEXAS SAE REAL ESTATE INVESTMENT EXAM
1 2025 WITH 200+ REAL QUESTIONS AND WELL
VERIFIED CORRECT ANSWERS | ALREADY
GRADED A+ | TEXAS SAE REAL ESTATE
INVESTMENT ACTUAL LATEST EXAM 2025
The element of a deed that signifies the grantor's intention to transfer title to the grantee is the ______. - ANSWER- Act of conveyance
Lyn runs a brokerage and maintains a master file for all the office transactions. The file must be maintained for how long? - ANSWER- As long as Lyn's state requires All files must be maintained on state law requirements.
Milo is interested in converting his rental properties into condominiums. He's completed his feasibility study and determined that the conversion costs will pay for themselves at sale time and the market will support the conversion. What else does Milo need to do prior to conversion? - ANSWER- Make certain the conversion will be allowed by the local government
Ricky Nubbins is three months behind in his rent and has received several reminders from the landlord that the rent is past due. As a result, the landlord has begun working through proper channels to legally end Ricky's lease before the contract end date. The landlord is terminating his lease through ______. - ANSWER- Eviction
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If you and a sibling both inherited your father's property when he died, what type of deed would you need to get from your sibling in order to be the sole owner of the property? - ANSWER- Quitclaim deed
What is the name of the tenant group that, along with the property manager, is responsible for regional shopping center promotional activities? - ANSWER- Merchants' association
Quentin is a victim of fair housing discrimination who is seeking redress in federal court. What is the limit on the amount of punitive damages he may be awarded? - ANSWER- There is no limit
Which of the following is a passive type of real estate investment? - ANSWER- limited partnership
Which statement best describes an amortized loan? - ANSWER- Debt that is paid off by making periodic payments consisting of interest and principal With an amortized loan, the principal is paid down over the life of the loan according to an amortization schedule, typically through equal payments.
Kristoff got a bit behind on his mortgage and missed several payments. He and his lender devised a schedule that gives Kristoff an opportunity to make up those delinquent payments. What is this an example of? - ANSWER- Repayment plan
Kali's good at bargaining. She's willing to concede some things in order to entice a new tenant into taking one of the rental spaces in the mall, but she always ensures that she's looking out for the owner's interests by including a certain number of escalation clauses. Which commercial property manager duty is Kali exceptionally good at? - ANSWER- Leasing the property
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Who is the withholding agent under the Foreign Investment in Real Property Tax Act? - ANSWER- Buyer
Property manager Elise sends a monthly report to her client Katherine, who owns an apartment complex. What can Katherine expect to see on this report? - ANSWER- Rental receipts, income, disbursements, and operating expenses
Who might be impacted by the expiration of abatements? - ANSWER- New buyers
Cooperative owners are actually called ______. - ANSWER- Shareholders
Hester has been doing her research and attending city planning meetings in hopes of finding a single-family home on the edge of a commercial district. What type of investment opportunity is Hester looking for? - ANSWER- A home targeted for rezoning
Which of the following investors is exempt from fair housing laws? - ANSWER- An investor who owns fewer than three single-family homes
An investor who owns three or fewer single-family homes, and who doesn't use real estate licensees to assist in the sale of the investment properties is exempt from fair housing laws.
If a minor enters into a contract with an adult, which of the following is true? - ANSWER- The minor may legally hold the adult to the contract, but the adult cannot legally hold the minor to the contract.
Deidra wants to invest in a super-regional shopping center. What size trade area can she plan to service? - ANSWER- Five to 25 miles 3 / 4
Which class of office building is aimed at tenants requiring functional space at below-average rents for the area? - ANSWER- Class C
Class C office buildings command below-average rates for the area. They're functional, but not prestigious.
With a triple net lease, the tenant pays _______ separately from the base rent. - ANSWER- Taxes, insurance, and maintenance
When two very similar properties are for sale in the same neighborhood, which one will sell first according to the principle of substitution? - ANSWER- The lower priced home
To protect themselves from liability, it's a good idea for property managers to ______. - ANSWER- Stay up to date on local landlord-tenant laws
According to the International Council for Shopping Centers, which commercial property comprises only 1% of the retail industry? - ANSWER- Factory outlet
Which payment plan consists of the borrower paying a constant amount made up of principal and interest on a periodic basis (usually monthly)? - ANSWER- Fully amortized loan payment plan
Why are many middle-income cooperatives converted to condominiums? - ANSWER- To make resale easier
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