Rmlos - Study guides, Class notes & Summaries
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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...
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Principles of Real Estate 1 Questions – Champions with 100% Correct Answers
- Exam (elaborations) • 6 pages • 2024
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Principles of Real Estate 1 Questions – 
Champions with 100% Correct Answers 
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 - Answer️️ -a. True 
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 - Answer️️ -d. all of the above 
Mortgage brokers are now k...
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Principles of Real Estate 1- Champions School of Real Estate Exam Questions and Answers
- Exam (elaborations) • 18 pages • 2024
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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 - 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.) Al...
-
Principles of Real Estate MC 1 Exam With 100% Correct Answers 2024
- Exam (elaborations) • 4 pages • 2024
- Available in package deal
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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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Principles of Real Estate 1 QUIZ ANSWERS|A+ Rated
- Exam (elaborations) • 12 pages • 2023
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Principles of Real Estate 1 QUIZ ANSWERS|A+ Rated 
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...
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Champions - Principles of Real Estate 1 Latest Version Graded A+
- Exam (elaborations) • 5 pages • 2024
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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 Loan Originator (RMLOs) aka Mortgage Brokers. Licensed in Texas 
by the TX Dept. of Savings & Mortgage Lending 
 
Property Managers are responsible for... 1.) Day-to-day operations 2.) Maintenance 3.) 
...
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Finance exam Champions Questions & Answers 100% Correct!
- Exam (elaborations) • 4 pages • 2024
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Finance exam Champions Questions & Answeorigination - ANSWERSprocess of creating a new mortgage loan 
 
funding - ANSWERSThe process of transferring funds to a title or escrow company for disbursement 
 
underwriting - ANSWERSprocess of evaluating a borrowers loan application to determine the risk involved for the lender 
 
servicing - ANSWERSsending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies 
 
processing - ANSWERSco...
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Champions School Ch. 1 - Intro to Real Estate With Complete Solutions | 100% Pass
- Exam (elaborations) • 3 pages • 2024
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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...
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Principles of Real Estate 1 QUIZ ANSWERS|A+ Rated
- Exam (elaborations) • 12 pages • 2023
-
Available in package deal
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- $10.49
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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...
-
Principles of Real Estate MC 1 Exam With 100% Correct Answers 2024
- Exam (elaborations) • 4 pages • 2024
- Available in package deal
-
- $10.49
- + learn more
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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