Rmlos i - Study guides, Class notes & Summaries
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Champions - Principles of Real Estate 1 Exam Questions and Answers
- Exam (elaborations) • 4 pages • 2024
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Champions - Principles of Real Estate 1 
Exam Questions and Answers 
Brokerage - Answer️️ -The aspect of the real estate business that pertains to 
overseeing the needs of the parties and completing a transaction. 
Appraiser - Answer️️ -Person who provides opinion of value in appraisal report 
Residential Mortgage Loan Originator (RMLOs) - Answer️️ -aka Mortgage Brokers. 
Licensed in Texas by the TX Dept. of Savings & Mortgage Lending 
Property Managers are responsible for... - Answe...
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Principles Of Real Estate 1- Champions School Of Real Estate Questions And Answers With Verified Solutions 100% Correct!!!
- Exam (elaborations) • 32 pages • 2024
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Principles Of Real Estate 1- Champions School Of Real Estate Questions And Answers With Verified Solutions 100% Correct!!!
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Champions - Principles of Real Estate I Questions and Answers 100% Verified
- Exam (elaborations) • 11 pages • 2023
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Champions - Principles of Real Estate I Questions and Answers 100% Verified
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Champions real estate principles of real estate 1 in 2022
- Exam (elaborations) • 8 pages • 2023
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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 by 
growth in employment, transportation systems, personal preferen...
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TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS - CHAMPIONS SCHOOL OF REAL ESTATE
- Exam (elaborations) • 6 pages • 2023
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1.	a: Townhomes and single-family homes differ in that	a common wall. (a) townhomes share 
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not own the land because of (d) townhomes are retro-commissioned and share 
 
2.	a: Rights that are associated with the ownership of real property are often referred to as the owner's: 
(a)	Bundle of rights 
(b)	Constitutional rights (c) Statutory rights 
(d) Civil rights 
 
3.	a: The agreement between a broker and...
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Champions - Principles of Real Estate I Questions and Answers 100% Verified
- Exam (elaborations) • 6 pages • 2023
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Champions - Principles of Real Estate I Questions and Answers 100% Verified 
 
Appraisal is the business of: - Providing a professional opinion of the value of real property 
A professional association whose 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 
Indestructibility, a physical characteristic of land, is also known as: - Durability 
A freeway has made commut...
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TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS WITH ANSWERS - CHAMPIONS SCHOOL OF REAL ESTATE.VERIFIED
- Exam (elaborations) • 5 pages • 2023
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1.	a: Townhomes and single-family homes differ in that	a common wall. (a) townhomes share 
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not own the land because of (d) townhomes are retro-commissioned and share 
 
2.	a: Rights that are associated with the ownership of real property are often referred to as the owner's: 
(a)	Bundle of rights 
(b)	Constitutional rights (c) Statutory rights 
(d) Civil rights 
 
3.	a: The agreement between a broker and...
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