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Principles of Real Estate 1- Champions School of Real Estate. Exam Questions With Correct Answers
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©BRIGHTSTARS EXAM STUDY SOLUTIONS 8/13/2024 12:27 PM Principles of Real Estate 1- Champions School of Real Estate. Exam Questions With Correct Answers. D - answerA freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase i...

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  • August 19, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • principles of real estate 1 champions school of r

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  • Texas Principles of Real Estate
  • Texas Principles of Real Estate

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©BRIGHTSTARS EXAM STUDY SOLUTIONS 8/13/2024 12:27 PM



Principles of Real Estate 1- Champions
School of Real Estate. Exam Questions With
Correct Answers.


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

,©BRIGHTSTARS EXAM STUDY SOLUTIONS 8/13/2024 12:27 PM


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

, ©BRIGHTSTARS EXAM STUDY SOLUTIONS 8/13/2024 12:27 PM


(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) Remediation
(b) Adverse Possession
(c) Accession
(d) Descent

C - answer✔✔Effective in 1976, manufactured homes have been built according to a building
code administered by:


(a) Local building departments
(b) State code enforcement
(c) HUD
(d) FHA

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