Rmlos in - Study guides, Class notes & Summaries
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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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Principles of Real Estate MC 1 Exam With 100% Correct Answers 2024
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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 - 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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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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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...
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Champions School Ch. 1 - Intro to Real Estate Exam Questions and Answers
- Exam (elaborations) • 3 pages • 2024
- Available in package deal
-
- $10.49
- + learn more
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 -...
-
Principles of Real Estate 1- Champions School of Real Estate
- Exam (elaborations) • 11 pages • 2023
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Available in package deal
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- $10.49
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Principles of Real Estate 1- 
Champions School of Real 
Estate 
D.) Modification - 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.) All of these - ANSWER The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these 
B.) Pers...
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Finance exam Champions Questions With complete Solutions
- Exam (elaborations) • 5 pages • 2024
- Available in package deal
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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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Exam (elaborations) Principles of Real Estate 1
- Exam (elaborations) • 11 pages • 2023
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- $10.49
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Principles of Real Estate 
1- Champions School of 
Real Estate VERIFIED 
SOLUTIONS 100% PASS 
D.) Modification - 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.) All of these - ANSWER The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulati...
-
Champions School Ch. 1 - Intro to Real Estate Questions And Answers Graded A+
- Exam (elaborations) • 3 pages • 2024
- Available in package deal
-
- $7.79
- + learn more
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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