Champions test 2024 - Study guides, Class notes & Summaries

law of contracts Champions Test 2 LATEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+

Champions School Of Real Estate Finance 2024 Tested And Verified Seller's market - CORRECT ANSWER-When supply is low and demand is high Buyer's market - CORRECT ANSWER-When supply is high and demand is low The process of creating a new mortgage loan - CORRECT ANSWER-Origination The detailed process of evaluating a borrower's loan application to determine the risk involved for the lender - CORRECT ANSWER-Underwriting When there is an excess of money supply in the market - CORRECT ANSW...

Law of Contracts - CHAMPIONS TEST LATEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+

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. - correct answer-air rights An example(s) of an appurtenance would be: - correct answer-easements There is no upper limit on the value of a Texas homestead. - correct answer-true A(n) _____...

Law of Contracts - CHAMPIONS TEST 2024 Questions and Answers 100% Accurate (Rated A+)Wrongful or criminal deception intended to result in financial or personal gain is called: - ANSWER-fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - ANSWER-90 days __________ extend above the surface without limitation. - ANSWER-air rights An example(s) of an appurtenance would be: - ANSWER-easements There is no upper limit on the value of a...

LAW OF CONTRACTS - CHAMPIONS TEST 2024 QUESTIONS AND ANSWERS VERIFIED. The TREC residential contract forms are: - CORRECT ANSWER Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: - CORRECT ANSWER fraud Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. - CORRECT ANSWER goods If a seller will continue to occupy the property for one month after the closing, the buyer and...

One to Four Family Residential Contract (Resale) - ANSWER-The promulgated contract used by real estate licensees for the sale of residential property. It's used when purchasing residential real estate, but variations of forms are available for other types of real property. Residential Condominium (Resale) - ANSWER-A TREC promulgated contract for use where the seller does not own fee simple title to the land beneath the unit. New Home Contract (Completed Construction) - ANSWER-This contrac...

One to Four Family Residential Contract (Resale) - ANSWER-The promulgated contract used by real estate licensees for the sale of residential property. It's used when purchasing residential real estate, but variations of forms are available for other types of real property. Residential Condominium (Resale) - ANSWER-A TREC promulgated contract for use where the seller does not own fee simple title to the land beneath the unit. New Home Contract (Completed Construction) - ANSWER-This contrac...

Wrongful or criminal deception intended to result in financial or personal gain is called: fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: 90 days __________ extend above the surface without limitation. air rights An example(s) of an appurtenance would be: easements There is no upper limit on the value of a Texas homestead. true A(n) __________ is one that combines some of the elements of a sale with a lease. lease purchase agreemen...