Rmlos Study guides, Class notes & Summaries
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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.) Fixity 
C.) Situs 
D.) Modification - ANS D.) Modification 
 
The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these - ANS D.) A...
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Principles of Real Estate 1- Champions School of Real Estate Questions With 100% Correct Answers!!
- Exam (elaborations) • 16 pages • 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 - Answer-D.) Modification 
The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these - Answer-D.) All of these 
The least important factor affecting demand for real estate is: 
A.) Population G...
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Champions Real Estate Principles of Real Estate 1 in 2024 Already Graded A
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Champions Real Estate Principles of 
Real Estate 1 in 2024 Already Graded A 
 
brokerage A business that pertains to overseeing the needs of the parties and completing a 
transaction they may or may not involve agency relationships 
 
Real Estate Development Involves the acquisition of land for development into residential 
subdivisions, retail centers and other commercial uses. 
 
immobility It's a physical characteristic of land that cannot be moved 
 
The demand for real estate is affected b...
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Principles of Real Estate 1 QUIZ ANSWERS|A+ Rated
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Principles of Real Estate 1 QUIZ ANSWERS|A+ Rated 
Appraisal is the business of: 
Providing a professional opinion of the value of real property 
A professional association who is local affiliates own and operate MLS systems 
throughout the United States is the: 
NAR 
RMLOs in Texas are licensed through: 
Texas Department of Savings and Mortgage Lending 
Rights that are associated with the ownership of real property are often referred to 
as the owners: 
bundle of rights 
Surface, substance an...
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Principles of Real Estate 1- Champions School of Real Estate Questions with 100% Correct Answers
- Exam (elaborations) • 11 pages • 2023
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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 estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these correct answer d.) All of these 
 
The least important factor affecting demand for real estate i...
![Principles of Real Estate 1- Champions School of Real Estate Exam with 100% correct solutions](/docpics/4428260/65c117a7c8c0e_4428260_121_171.jpeg)
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Principles of Real Estate 1- Champions School of Real Estate Exam with 100% correct solutions
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
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- $12.49
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Principles of Real Estate 1- Champions 
School of Real Estate Exam with 100% 
correct solutions 
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 - answerD.) Modification 
The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these - answerD.)...
![Champions School Ch. 1 - Intro to Real Estate Latest Version Graded A+](/docpics/5378754/664bb75813818_5378754_121_171.jpeg)
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Champions School Ch. 1 - Intro to Real Estate Latest Version Graded A+
- Exam (elaborations) • 4 pages • 2024
- Available in package deal
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- $8.99
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Champions School Ch. 1 - Intro to Real 
Estate Latest Version Graded A+ 
 
brokerage the aspect of the real estate business that pertains to overseeing the needs of the 
parties and completing a transaction. 
 
RMLOs Are also know as mortgage brokers 
 
NAR The largest trade organization representing real estate professionals 
 
Value A fair return or equivalent in goods, services, or money for something exchanged 
 
appraisal the business of providing a professional opinion of the value of real...
![Principles of Real Estate 1- Champions School of Real Estate Exam with 100% correct solutions](/docpics/4454917/65c54e7b2e5ed_4454917_121_171.jpeg)
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Principles of Real Estate 1- Champions School of Real Estate Exam with 100% correct solutions
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
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- $12.49
- + learn more
Principles of Real Estate 1- Champions 
School of Real Estate Exam with 100% 
correct solutions 
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 - answerD.) Modification 
The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these - answerD.)...
![Champions School Ch. 1 - Intro to Real Estate With Complete Solutions | 100% Pass](/docpics/5021146/661edb0963a43_5021146_121_171.jpeg)
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Champions School Ch. 1 - Intro to Real Estate With Complete Solutions | 100% Pass
- Exam (elaborations) • 3 pages • 2024
-
- $7.99
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the aspect of the real estate business that pertains to overseeing the needs of the parties and 
completing a transaction. - brokerage 
Are also know as mortgage brokers - RMLOs 
The largest trade organization representing real estate professionals - NAR 
A fair return or equivalent in goods, services, or money for something exchanged - Value 
the business of providing a professional opinion of the value of real property - appraisal 
business of providing money to individuals or corporations for...
![Principles of Real Estate MC 1 Exam With 100% Correct Answers 2024](/docpics/4454999/65c55116c1699_4454999_121_171.jpeg)
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Principles of Real Estate MC 1 Exam With 100% Correct Answers 2024
- Exam (elaborations) • 4 pages • 2024
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Principles of Real Estate MC 1 Exam With 
100% Correct Answers 2024 
Brokerage is the aspect of the real estate business that pertains to overseeing the needs of the 
parties and completing a transaction. 
a. True 
b. False - answerA 
Property managers are generally responsible for the of a property that they manage. 
a. Day-to-day operations 
b. Maintenance 
c. Tenant relations 
d. All of the above - answerD 
Mortgage brokers are now known as: 
a. TFBs 
b. SROs 
c. RMLOs 
d. RBITs - answerC 
Th...
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