Champions r - Study guides, Class notes & Summaries

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 written documentation that the agency relationship exists. - Express authority This is the most limited of all the agency relationships - Special agency This type of agency is created when a 3rd party believes that an agent has authority that has NOT been g...

In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - correct answer 1949 TREC has only _______ promulgated lease forms. - correct answer 2 promulgated form 공포된 양식 In the TAR® Seller's Disclosure the seller should _______. a. prepare the disclosure when the listing is taken b. be the only one completing this form or any part of it c. none of the above d. both a and b - correct answer d. both a and b The _______ statute pr...

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 written documentation that the agency relationship exists. Express authority This is the most limited of all the agency relationships Special agency This type of agency is created when a 3rd p...

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 manager Generally responsible for the day to day operations of the property, maintenance, and tenant relations How are home inspectors licensed? Home inspectors are licensed in Texas by TREC. Real ...

Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A Q: All residential mortgage loan originators must register with Answer: NMLSR National Mortgage Licensing System & Registry Q: Who is responsible for affordable housing Answer: TDHCA Texas Department of Housing & Community Affairs Q: Who is applicable to all federally related mortgage loans Answer: RESPA Real Estate Settlement Procedure Act ...

Champions Real Estate Finance Exam Review (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A Q: Monetary inflation When there is an excess of money supply in the market. Q: Demand Pull Inflation Answer: created when there is more money in the market & less goods for sale. Q: cost-plus inflation Answer: when the cost of production & offering services increase thereby causing manufacturers and trades people/vendors to raise their prices ac...

Champions real estate principles of real estate 1 in 2022 latest updatebrokerage - correct answer 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 - correct answer Involves the acquisition of land for development into residential subdivisions, retail centers and other commercial uses. immobility - correct answer It's a physical characteristic of land that cannot be moved ...

Champions Real Estate Finance Study Guide (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A Q: Supply and Demand an economic concept that states that the price of a good rises and falls depending on how many people want it and depending on how much of the good is available. Q: Funding Answer: The process of transferring funds to a title or escrow company for disbursement Q: The Safe Act Answer: Designed to enhance consumer protection ...

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 problem solving 3 Ways Sales Agents Add Value to the Buying Process Counseling, Negotiating, and Managing the transaction Four P's of marketing real estate product, promotion, price and place ...