Rmlos - Study guides, Class notes & Summaries
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Principles of Real Estate 1 - Champions School of Real Estate | 100% Correct Answers | Verified | Latest 2024 Version
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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 - D.) Modification 
The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these - D.) All of these 
The least important factor affecting demand for real estate is: 
A.) Population Growth 
B.) Per...
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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 - 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...
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Principles Of Real Estate 1- Champions School Of Real Estate Questions And Answers 100% Verified.
- Exam (elaborations) • 11 pages • 2024
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Principles Of Real Estate 1- Champions School Of Real Estate Questions And Answers 100% Verified. 
 
 
 
 
 
 
 
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 regulati...
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Champions School Ch. 1 - Intro to Real Estate Questions and Answers(A+ Solution guide)
- Exam (elaborations) • 3 pages • 2024
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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 property 
mortgage lending - business of providing money to individuals ...
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Champions School Ch. 1 - Intro to Real Estate With Complete Solutions | 100% Pass
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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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Champions School Ch. 1 - Intro to Real Estate Exam Questions and Answers
- Exam (elaborations) • 3 pages • 2024
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brokerage - ANSWER-the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. 
 
RMLOs - ANSWER-Are also know as mortgage brokers 
 
NAR - ANSWER-The largest trade organization representing real estate professionals 
 
Value - ANSWER-A fair return or equivalent in goods, services, or money for something exchanged 
 
appraisal - ANSWER-the business of providing a professional opinion of the value of real property 
 
mortgage lending -...
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Finance exam Champions Questions With complete Solutions
- Exam (elaborations) • 5 pages • 2024
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origination - ANSWER-process of creating a new mortgage loan 
 
funding - ANSWER-The process of transferring funds to a title or escrow company for disbursement 
 
underwriting - ANSWER-process of evaluating a borrowers loan application to determine the risk involved for the lender 
 
servicing - ANSWER-sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies 
 
processing - ANSWER-collecting info about a borrower in order ...
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Principles of Real Estate 1- Champions School of Real Estate Questions and Answers
- Exam (elaborations) • 17 pages • 2024
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Principles of Real Estate 1- Champions School of Real Estate 
 
D - Answer- 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 
 
D - Answer- The supply of Real Estate is affected by 
 
(a) Land cost 
(b) Building codes 
(c) Government regulations 
(d) All of these 
 
B - Answer- The least important f...
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Champions Principles of Real Estate 1 FINAL EXAM Q&A ALREADY PASSED
- Exam (elaborations) • 11 pages • 2023
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Champions Principles of 
Real Estate 1 FINAL 
EXAM Q&A 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.) 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...
-
Principles of Real Estate Questions With Correct Answers.
- Exam (elaborations) • 31 pages • 2024
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Principles of Real Estate Questions With Correct Answers. 
brokerage 
Overseeing the needs of the parties to a real estate transactions and seeing it to its completion. 
 
 
appraisal 
Providing a professional opinion of the value of real property. 
 
 
mortgage lending 
Is the business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for the payment of a debt. 
 
 
RMLOs 
Residential Mortgage Loan Originators 
 
 
Residential M...
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