Principles Of Real Estate 1- Champions School Of R
Principles of Real Estate 1- Champions School of R
Exam (elaborations)
Principles of Real Estate 1- Champions School of Real Estate Questions and Answers
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Principles of Real Estate 1- Champions School of R
Institution
Principles Of Real Estate 1- Champions School Of R
Principles of Real Estate 1- Champions School of Real Estate
D - 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) Fixity
(c) S...
Principles of Real Estate 1- Champions
School of Real Estate
D - 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) Fixity
(c) Situs
(d) Modification
D - Answer- The supply of Real Estate is affected by
(a) Land cost
(b) Building codes
(c) Government regulations
(d) All of these
B - Answer- The least important factor affecting demand for real estate is:
(a) Population Growth
(b) Personal Preference
(c) Availability of Credit
(d) Transportation Systems
C - Answer- A lawsuit was tried on a real estate matter. The judge ruled in the case,
citing the decision of a judge in a similar case that was tried ten years ago. The
judges decision in the case was most likely based upon:
(a) Statutory Law
(b) Civil Law
(c) Common Law
(d) Local ordinance
A - Answer- A license holder was tried in a state district court on a complaint arising
from a real estate transaction. The court ruled that, among other transgressions, the
defendant had violated the Texas Real Estate License Act. This decision of the judge
was based upon:
(a) Statutory law
(b) Civil Law
(c) Common Law
(d) Local Ordinance
C - Answer- RMLOs in Texas are licensed through:
,(a) Texas Real Estate Commission
(b) National Mortgage Bankers Association
(c) Texas Department of Savings and Mortgage Lending
(d) Texas savings and loan board
D - 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 characteristics of:
(a) Scarcity
(b) Fixity
(c) Situs
(d) Modification
D - Answer- Air Rights are commonly leased or conveyed in:
(a) Cell tower leases
(b) Condominiums
(c) Outdoor Advertising
(d) All of these are correct
C - Answer- Building, roads and fences are all examples of:
(a) Personal Property
(b) Private Property
(c) Improvements
(d) Public Property
C - Answer- If a tenant fails to remove trade fixtures from the leased premises, the
fixtures become the property of the landlord through:
A - Answer- Lenders require _____ naming the lender as a ______ to protect their
interest in the property.
(a) Insurance coverage, loss payee
(b) Coinsurance, trustor
(c) A Lien, Creditor
(d) Wind Insurance, Guarantor
B - Answer- By failing to maintain sufficient ______, the reduction of the payout of a
claim may be reduced due to the coinsurance clause.
(a) fee simple ownership
(b) Capital gains tax
(c) Insurance coverage
(d) Personal liability
B - Answer- Most standard homeowners insurance policies do not generally cover
damage from ______
(a) Hailstorms
(b) Flooding
(c) Fire
(d) Theft
A - Answer- Most windstorm insurance in Texas is unwritten by________.
(a) TWIA
(b) TDHCA
(c) TREC
(d) HUD
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