Exam (elaborations)
Principles of Real Estate 1- Champions School of Real Estate
Principles of Real Estate 1- Champions School of Real Estate
[Show more]
Content preview
Principles of Real Estate 1- ChampionsSchool of Real Estate
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 Correct Ans - D.) Modification
The supply of Real Estate is affected by
A.) Land cost
B.) Building codes
C.) Government regulations
D.) All of these Correct Ans - 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 Correct Ans - 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 Correct Ans - 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:
A.) Statutory law
B.) Civil Law
, C.) Common Law
D.) Local Ordinance Correct Ans - 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 Correct Ans - 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 Correct Ans - D.) Modification
Air Rights are commonly leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
D.) All of these are correct Correct Ans - D) all of these
Building, roads and fences are all examples of:
A.) Personal Property
B.) Private Property
C.) Improvements
D.) Public Property Correct Ans - C.) Improvements
If a tenant fails to remove trade fixtures from the leased premises, the fixtures
become the property of the landlord through:
A.) Remediation
B.) Adverse Possession
C.) Accession
D.) Descent Correct Ans - C.) Accession
Effective in 1976, manufactured homes have been built according to a building
code administered by:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$18.07. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now