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Principles of Real Estate 1- Champions School of Real Estate Exam Questions and Answers $12.49   Add to cart

Exam (elaborations)

Principles of Real Estate 1- Champions School of Real Estate Exam Questions and Answers

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Principles of Real Estate 1- Champions School of Real Estate Exam Questions and Answers 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.) F...

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  • October 30, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Champions Real Estate
  • Champions Real Estate
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©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Principles of Real Estate 1- Champions

School of Real Estate Exam Questions and

Answers


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 - ANSWER✔✔-D.) Modification


The supply of Real Estate is affected by


A.) Land cost


B.) Building codes


C.) Government regulations



Page 1/26

, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




D.) All of these - ANSWER✔✔-D.) All of these


The least important factor affecting demand for real estate is:


A.) Population Growth


B.) Personal Preference


C.) Availability of Credit


D.) Transportation Systems - ANSWER✔✔-B.) Personal Preference


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 - ANSWER✔✔-C.) Common Law


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:




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, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




A.) Statutory law


B.) Civil Law


C.) Common Law


D.) Local Ordinance - ANSWER✔✔-A.) Statutory Law


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 - ANSWER✔✔-C.) Texas Department of Savings and Mortgage Lending


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 - ANSWER✔✔-D.) Modification

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