Champions School of Real Estate Bundled Exams Questions and Answers Multiple Versions Latest Updates (2024/2025) (Complete, Accurate, and Verified)

Champions School of Real Estate Exam Prep National Chapter 1 & 2 Latest Update 100% Pass Rights, privileges or improvements that belong to and pass with land. Appurtenance Man made additions to the land such as buildings and landscaping. Also known as free standing Improvements Right o...

Champions Principles of Real Estate 2 Latest Version Graded A+ appraisal value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) The percentage of value or sales price that a lender is willing to finance. limited appraisal rep...

Champions Real Estate Finance Latest Version Graded A+ Loan-to-Value Ratio (LTV) 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 ...

Law of Contracts - CHAMPIONS TEST Questions and Answers Already Passed 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 __________ ...

Champions School of Real Estate Law of Agency – Questions and Answers Already Passed The principal is also known as client fiduciary relationship a relationship founded on trust and confidence Agency Relationship Exists when one person (the agent) acts for, or on behalf of another pe...

Champions Real Estate - Principles 1 Exam 2024 Already Passed brokerage the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property mana...

Champions Real Estate Marketing SAE Questions and Answers Already Passed Most common reason a property fails to sell is price Matching human needs with goods or services to meet those needs is the process of marketing _____________________ is a key personality trait of a successful agent ...

Real Estate Finance I-CHAMPIONS Latest Update 100% Pass The minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price B _________ is the process of creating a new mortgage loan. (a) Originat...

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 representin...

Champions Exam Prep: State Questions with Verified Answers TREC has received an application for a Texas Real Estate Sales License from Mary. Mary has completed all her educational requirements, and passed the state exam. At this point TREC will begin the background check. What is FALSE?...

Champions School of Real Estate - Exam Prep Latest Update 100% Pass Buyer Representation Agreement An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency Agency as a result of customary, usual or typical conditions Broker A properly licensed party who s...

Real Estate Exam Prep (Champions; Texas) Latest Update Graded A+ appurtenance term used to describe rights, privileges or improvements that belong to and pass with the land improvements man's additions to the land such as building and landscaping personal property also called chattel or ...

Principles of Real Estate 1- Champions School of Real Estate Questions and Answers Already Passed 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.) s...

Champions Principles of Real Estate 1 Questions with Complete Solutions 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 a. True Property managers are generally responsible for the __...

Champions School of Real Estate - Real Estate Finance Latest Update Rated A+ A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) Non- Conforming Loan VA Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equi...

Champions Powerhouse Training SAE Questions and Answers Already Passed An area of neighborhoods or subdivisons that is serviced by your firm. Geographic Farm A plan by which you develop to gain name recognition Marketing Plan Becoming different in your approach through growth and develo...

Champions - Principles of Real Estate 1 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. Appraiser Person who provides opinion of value in appraisal report Residential Mortgage Lo...

Champion School of Real Estate-Law of Contracts Latest Update 100% Pass Texas Real Estate Commission TREC-created by the Legislature in 1949. 9 member commission whose primary purpose is to carry out the provision of the License Act Real Estate Recovery Trust Account administered by TREC. th...

Champions Texas Principles of Real Estate 2 Chapter quizzes with Complete Solutions The _____ lists all cash that came into and all expenses incurred by a property during the reporting period. a. Property management agreement b. Bank statement c. Cash flow report d. Leasing agreement c. ...

Champion School of Real Estate Latest Update 100% Pass Brokerage The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following Day to Day operations, Maintenance and Te...

Texas Real Estate Exam Prep Class - Champion Chap.1 Latest Update 100% Pass Real Property land, improvements attached to the land, benefits, rights, and ownership interest that go with the land. appurtenance A right, privilege, or improvement belonging to and pass with the land. The land...

Principles of Real Estate 1 – Champions Latest Update 100% Pass Leasehold Estates possession and use of property without ownership Estate for years (tenancy for years) any lease with a specific starting and ending date. Survives the death or sale of the property Periodic Tenancy/perio...

Real Estate Finance 1 - Texas, Champions School of Real Estate – Finance Latest Update 100% Pass Loan Processing The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision. Underwriting The process of evaluating ...

Champions Real Estate Exam: Law of Agency Latest Update 100% Pass This person hires an agent The Principal The agent works on behalf of this person the client (principal) This type of agency allows for the greatest range of authority Universal This is provided to the agent when there is...

Champions School of Real Estate Marketing SAE Questions and Answers Already Passed Price The most common reason a property fails to sell is __________. Marketing Matching human needs with goods or services to meet those needs is the process of ____ agent Problem solving is a key person...