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Champions Real Estate Exam Bundle (Graded A) updated 2024 $35.18   Add to cart

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Champions Real Estate Exam Bundle (Graded A) updated 2024

Real Estate Exam Prep (Champions; Texas) Questions and Answers 2024 Champions real estate finance Exam Questions with Verified Answers Real estate Investments / champions Exam Questions with correct Answers Champions Real Estate Finance Exam with complete solutions Champions Real Estate Finance Exa...

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Real Estate Exam Prep (Champions; Texas) Questions and Answers 2024

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appurtenance - correct answer-term used to describe rights, privileges or improvements that belong to and pass with the land improvements - correct answer-man's additions to the land such as building and landscaping personal property - correct answer-also called chattel or personalty; a right...

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Champions real estate finance Exam Questions with Verified Answers

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mortgage Broker - correct answer-Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - correct answer-Provide their own funds for the purpose of providing mortgage financing Correspondent Lende...

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Real estate Investments / champions Exam Questions with correct Answers

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if you are holding undeveloped land, your goal as an investment is: - correct answer-appreciation land is referred to as _____ because it can be seen touched - correct answer-tangible Formaldehyde gas is: - correct answer-Colorless Local governments can use which of the following to enforce...

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Champions Real Estate Finance Exam with complete solutions

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Loan-to-Value Ratio (LTV) - correct 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 value, whichever is lower. Packag...

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Champions Real Estate Finance Exam Questions and Answers 2024

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_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - correct answer-Closing The primary determinants of real estate values are supply and _____. - correct answer-Demand __...

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Principles of Real Estate 1 – Champions Exam Questions and Answers

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Prescription - answer-Continous use of the land over a Brokerage - answer-is the aspect of the real estate business that pertain to overseeing the needs of the parties and completing a transaction Real Estate Development - answer-most often involves the acquisition of land for development into...

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Principles of Real Estate 1- Champions School of Real Estate Questions and Answers 2024

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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 answer-D.) Modification The supply of Real ...

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Principles of real estate II (Champions) Exam with complete solutions

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Functional obsolescence - correct answer-Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison - correct answer-best indicator of value for existing properties highest and best use - correct answer-the legal use for property ...

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Champions Real Estate Exam Prep National Ch 7 Questions and Answers

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Mortgage Loans - correct answer-Most common choice for financing real property. Can be conventional or non-conventional Conventional Loan - correct answer-Neither federally insured nor guaranteed Non-conventional Loan - correct answer-Federally insured/guaranteed mortgage loans to encourage ow...

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Texas Real Estate Exam Prep (From PearsonVUE and & Champions National Exam Prep) Graded A

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A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements - correct answer-b) improvements A property owner has a wate...

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Law of Contracts - CHAMPIONS TEST 2024 (Answered)

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Wrongful or criminal deception intended to result in financial or personal gain is called: - correct answer-fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - correct answer-90 days __________ extend above the surface without limitation...

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Champions Real Estate NATIONAL TEST (chs 1-2) Final Exam with complete solutions

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Real Property - correct answer-consists of land, improvements, attached to the land, benefits, rights, and ownership interests that go with the land. Appurtenance - correct answer-is often used to describe rights, privileges, and improvements that belong to and pass with the land Improvements ...

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Champions School Ch. 1 - Intro to Real Estate Exam Questions and Answers

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brokerage - ANSWER-the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. RMLOs - ANSWER-Are also know as mortgage brokers NAR - ANSWER-The largest trade organization representing real estate professionals Value - ANSWER-A f...

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Texas "Principles 1" (study & HW) Champions School of Real Estate study guide latest updated

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Trec Commision Membership - ANSWER-___________________ has 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. Texas Real Estate Borker Lawyer Committee - ANSWER-________________ has 13 Members (6 brokers, 6 lawyers, 1 public) Licensed by TREC - ANSWER--18 ...

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Principles of Real Estate 1- Champions Quiz with complete solutions

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Contracts with a person who lacks mental capacity can be - ANSWER-either void or voidable Community property is a concept of - ANSWER-Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. - ANSWER-an agent will have the opportunity to sell their own listing...

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Principles 1 Real Estate Champion School Exam Questions and Answers 2024

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What are the 4 economic Characteristics of land - ANSWER-1,Scarcity, 2, Modification, 3,Fixity 4, Situs Scarcity - ANSWER-Supply and demand, When there is shortage of something that and individual wants the price goes up. Situs - ANSWER-The location of the property or land from an economic not...

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Law of Agency - Champions School of Real Estate Exam 2024 Questions and Answers

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The principal is also known as - answer-client fiduciary relationship - answer-a relationship founded on trust and confidence Agency Relationship - answer-Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal - answer-is the one who hire...

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Law of Agency – Champions Exam Questions and Answers (Graded A)

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Which of the following has the authority to suspend or revoke a Texas real estate license? - answer-TREC Which of the following is an element of a listing agreement? - answer-the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the follow...

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TEXAS State Real Estate Exam Prep (Champions School of Real estate Chapters 1-6)

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TREC was created in _________ to administer the provisions of the license act which passed in _______. - answer-1949, 1939 Trec has the authority to make _________ and __________. - answer-Rules, regulations TREC consists of how many members? - answer-Nine members - six licensed brokers and 3 ...

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Champions Real Estate Marketing SAE Exam with complete solutions

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Most common reason a property fails to sell is - answer-price Matching human needs with goods or services to meet those needs is the process of - answer-marketing _____________________ is a key personality trait of a successful agent - answer-problem solving 3 Ways Sales Agents Add Value to...

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Real estate Investments / champions Exam 2024 Questions with Verified Answers

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if you are holding undeveloped land, your goal as an investment is: - answer-appreciation land is referred to as _____ because it can be seen touched - answer-tangible Formaldehyde gas is: - answer-Colorless Local governments can use which of the following to enforce subdivision requirement...

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