Champions School of Real Estate - Exam Prep /117 Questions... - $38.95 Add To Cart
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1. brokerage: the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transa... [Show More]
This person hires an agent - Correct Answer-The Principal The agent works on behalf of this person - Correct Answer-the client (principal) This type ... [Show More]
A __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Orig... [Show More]
_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbur... [Show More]
Real Property - Answer- consists of land, improvements, attached to the land, benefits, rights, and ownership interests that go with the land. Appurtena... [Show More]
Quiz :Buyer Representation Agreement - √Answer :An employment contract obligating a broker to act as a fiduciary to a buyer Quiz :Implied Agency - ... [Show More]
Texas Real Estate Commission - ANSWER-Created by the legislature in 1949 to carry out the provisions of TRELA Unauthorized Practice of Law - ANSWER-When... [Show More]
Physical Characteristics of Land - ANSWER Indestructibility or durability Immobility Non homogeneity Mortgage Lending - ANSWER business of providing mon... [Show More]
Property acquired by husband and wife after marriage with labor - Correct Answer-Which of the following is considered community property? Exclusive Righ... [Show More]
Multiple Choice -- (2½ points each) Determine the BEST answer to the following questions and blacken the appropriate space on the answer sheet. Be sure t... [Show More]
Leasehold Estates - Answer- possession and use of property without ownership Estate for years (tenancy for years) - Answer- any lease with a specific st... [Show More]
Contracts with a person who lacks mental capacity can be - Answer either void or voidable Community property is a concept of - Answer Spanish law, and ma... [Show More]
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... [Show More]
Functional obsolescence - Answer- Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales compar... [Show More]
Origination - Answer The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower Credit reports... [Show More]
INTRODUCTION TO REAL ESTATE 2 2 PART I: LEGAL DESCRIPTIONS, METHODS OF ACQUIRING TITLE, AND DEEDS 20 PART II: ESTATES AND METHODS OF HOLDING TITLE 53 3... [Show More]
Texas Principles 1 Q & A - Champions School of Real Estate 1. How much is the largest fine for any single violation of the Fair Housing Act? $110,000 2. ... [Show More]
1. An Appraiser's opinion of value: Appraisal 2. Suggests that value is maximized when there is reasonable degree of homogeneity, or sameness, in a neighb... [Show More]
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