Champions real estate - Study guides, Class notes & Summaries

REAL ESTATE FINANCE CHAMPIONS EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERFIED ANSWERS)

Champions School Of Real Estate Finance 2024 Tested And Verified Seller's market - CORRECT ANSWER-When supply is low and demand is high Buyer's market - CORRECT ANSWER-When supply is high and demand is low The process of creating a new mortgage loan - CORRECT ANSWER-Origination The detailed process of evaluating a borrower's loan application to determine the risk involved for the lender - CORRECT ANSWER-Underwriting When there is an excess of money supply in the market - CORRECT ANSWER...

LAW OF AGENCY CHAMPIONS TEXAS REAL ESTATE EXAM LATEST 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+

Champions Real Estate Finance Exam (2024/ 2025) 100% Correct Questions and Verified Answers| Grade A Q: The money that mortgage companies use to make loans come from the sale of ________, which is considered a business transaction, not a savings account deposit procedure. Answer: Bonds Q: Government entities regularly sell bonds to Answer: Fund major capital investments Q: Advantage of municipal bonds is Answer: That the interest paid to investors is not subj...

Champions Real Estate Marketing SAE | 122 Questions and Answers 100% Correct

Champions Real Estate Exam: Law of Agency UPDATED Exam Questions and CORRECT Answers This person hires an agent - Correct Answer- The Principal The agent works on behalf of this person - Correct Answer- the client (principal) This type of agency allows for the greatest range of authority - Correct Answer- Universal This is provided to the agent when there is written documentation that the agency relationship exists. - Correct Answer- Express authority

Texas Real Estate Exam Prep (From Pearson VUE and & Champions National Exam Prep)

Champions Real Estate Exam: Law of Agency | 286 Questions and Answers | Updated 2023-2024

Loan-to-Value Ratio (LTV) - correct answer 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 appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Most common reason a property fails to sell is - Answer- price Matching human needs with goods or services to meet those needs is the process of - Answer- marketing _____________________ is a key personality trait of a successful agent - Answer- problem solving 3 Ways Sales Agents Add Value to the Buying Process - Answer- Counseling, Negotiating, and Managing the transaction Four P's of marketing real estate - Answer- product, promotion, price and place How can you know your prod...