CHAMPIONS SCHOOL OF REAL ESTATE
CERTIFICATION EVALUATION EXAMS 2026
COMPLETE QUESTIONS AND ANSWERS
◉ Fixity. Answer: land and addition to land take a long time to pay
for themselves.
◉ Situs. Answer: Location of property or land from and economic
not geographic viewpoint
◉ value. Answer: fair return in goods, services or money for
something exchanged. The monetary worth of something.
◉ Real Estate Value. Answer: determined by personal preference
which is subjective
◉ Supply and demand. Answer: high demand=low inventory, price
increases
Low Demand=high inventory, price decreases
◉ Supply is restricted by. Answer: Land costs
construction
,taxation
economics
building and zoning ordinances
Growth policies of cities
◉ Demand is affected by. Answer: Growth in employment
transportation systems
personal preference
availability in credit
Federal Govt policy
◉ Value is affected by. Answer: Federal income Tax policy
supply of money
monetary policy of fed reserve
interest rates
◉ Local economic cycles and RE values are affected by. Answer:
Availability of employment
population trends
availability of trained workforce
local govt policy
, ◉ Agency Law. Answer: Relationship between parties to a
transaction-salesperson, brokers and others.
Level of service provided by presence or lack of agency agreement
with broker
◉ Contract Law. Answer: License holder understands elements of a
contract
Assist in creation of a valid and enforceable agreement
Understand different forms of property ownership
◉ Common Law. Answer: Law based on common sense and local
custom
◉ Statutory law. Answer: Law and regulation enacted by federal and
state legislation
◉ TRELA-Texas Real Estate Licencing Act. Answer: Protects public
against unscrupulous broker and agents
◉ TREC Texas Real Estate Commission. Answer: created in 1949
9 member commission, appointed by governor, serves 6 year term, 6
members are RE brokers, 3 Members are public
CERTIFICATION EVALUATION EXAMS 2026
COMPLETE QUESTIONS AND ANSWERS
◉ Fixity. Answer: land and addition to land take a long time to pay
for themselves.
◉ Situs. Answer: Location of property or land from and economic
not geographic viewpoint
◉ value. Answer: fair return in goods, services or money for
something exchanged. The monetary worth of something.
◉ Real Estate Value. Answer: determined by personal preference
which is subjective
◉ Supply and demand. Answer: high demand=low inventory, price
increases
Low Demand=high inventory, price decreases
◉ Supply is restricted by. Answer: Land costs
construction
,taxation
economics
building and zoning ordinances
Growth policies of cities
◉ Demand is affected by. Answer: Growth in employment
transportation systems
personal preference
availability in credit
Federal Govt policy
◉ Value is affected by. Answer: Federal income Tax policy
supply of money
monetary policy of fed reserve
interest rates
◉ Local economic cycles and RE values are affected by. Answer:
Availability of employment
population trends
availability of trained workforce
local govt policy
, ◉ Agency Law. Answer: Relationship between parties to a
transaction-salesperson, brokers and others.
Level of service provided by presence or lack of agency agreement
with broker
◉ Contract Law. Answer: License holder understands elements of a
contract
Assist in creation of a valid and enforceable agreement
Understand different forms of property ownership
◉ Common Law. Answer: Law based on common sense and local
custom
◉ Statutory law. Answer: Law and regulation enacted by federal and
state legislation
◉ TRELA-Texas Real Estate Licencing Act. Answer: Protects public
against unscrupulous broker and agents
◉ TREC Texas Real Estate Commission. Answer: created in 1949
9 member commission, appointed by governor, serves 6 year term, 6
members are RE brokers, 3 Members are public
