Champions Principles of Real Estate/Champions School of Real Estate-Principles ALL TESTS COMBINED

Principles of Real Estate 1- Champions School of Real Estate D.) Modification - ANSWER a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity B....

Champions School of Real Estate-Principles of Real Estate II Appraisal - ANSWER an appraiser's opinion of value, used to determine market value property to secure the loan Loan to Value Ratio - ANSWER Percentage of value or sales price that a lender is willing to finance Desk Review - AN...

Champions School of Real Estate-Principles of Real Estate I 100% VERIFIED SOLUTIONS 3 Physical Characteristics of Land - ANSWER Indestructibility or durability Immobility Non homogeneity Mortgage Lending - ANSWER business of providing money to individuals or corporations for the conditio...

Texas Promulgated Contracts CHAMPIONS Exam 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - CORRECT ANSWER B A(n) __________________ ...

Principles of real estate II (Champions) Q&A VERIFIED Functional obsolescence - ANSWER Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison - ANSWER best indicator of value for existing properties highest and best use - A...

Champions Principles of Real Estate 2 Q&A LATEST UPDATES ALREADY PASSED appraisal - ANSWER value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) - ANSWER The percentage of value or sales price that a lender is willing to finance...

Champions Real Estate Principles 2 EXAM TEST Q&A The Loan to Value Ratio (LVT) - ANSWER is the percentage of value or sales price that a lender is willing to finance. The lender will base the LTV on the lower of the sales price or the appraised value. Principle of Substitution - ANSWER the va...

Champions Principles of Real Estate 2 EXAM TEST Q&A ALREADY PASSED What does D.U.S.T. stand for? - ANSWER Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - ANSWER Loan to Value Ratio (LTV) the value of a property is equal...

Champions Principles of Real Estate 1 FINAL EXAM Q&A ALREADY PASSED a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity B.) Fixity C.) S...

Champions principles of real estate 1 . EXAMS 3VERSIONS COMBINED Q & A Homestead Protection - ANSWER A statutory estate- a family homestead is protected from forced sale by all creditors except: mortgage, property taxes,m&m liens and homeowner association fees ad valorem taxes - ANSWER Taxes ...

Champions Real Estate Finance Q&A TEST Loan-to-Value Ratio (LTV) - ANSWER The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised ...