CHAMPIONS SCHOOL OF REAL
ESTATE Actual exam Study Guide
Exam (2026) UPDATE 2026\2027
ACTUAL COMPLETE EXAM Questions
With Correct Detailed & Verified
ANSWERS (100% Accurate Solutions)
||ALREADY GRADED A+||Exam
Guarantee Pass!!
Immobility - ANSWERS-the land cannot be moved
Nonhomogeneity - ANSWERS-no two parcels of land are the same.
Valid Contract - ANSWERS-A contract that results when elements necessary for
contract formation (agreement, consideration, legal purpose, and contractual capacity)
are present.
Void Contract - ANSWERS-A contract having no legal force or binding effect.
Unilateral Contract - ANSWERS-only one of the parties to the contract is legally bound
to do anything
Voidable Contract - ANSWERS-A contract that may be legally avoided at the option of
one or both of the parties.
, Indestructability or Durability - ANSWERS-the land cannot be destroyed
Fixity - ANSWERS-land and additions to the land, such as buildings, take long periods
to pay for themselves
Situs - ANSWERS-location of the property or land from an economic viewpoint Scarcity
- ANSWERS-supply and demand
Modification - ANSWERS-value is affected by man-made changes to the land
Default - ANSWERS-when a party to a contract fails to perform under the contract (also
referred to as breach of contract)
Types of Damages - ANSWERS--Refund of Earnest Money
-Monetary Damages
-Specific Performance
2 TREC Lease Forms - ANSWERS-1. Buyer's Temporary Residential Lease - for use
when the buyer occupies the property for no more than 90 days prior to closing.
2. Seller's Temporary Residential Lease - for use when the seller occupies the property
for no more than 90 days after closing.
Right of First Refusal - ANSWERS-giving the tenant the right to purchase the leased
property by matching or bettering any offer before the property will be sold to someone
else
Default Remedies - ANSWERS-Liquidated Damages - the seller can choose to accept
the buyer's earnest money, releasing all parties from any further obligation
2. Monetary Damages - the injured party may "seek such other relief as may be
provided by law"
3. Specific Performance - the injured party files a court action seeking an order of the
court directing the defaulting party to perform according to the terms of the contract.
ESTATE Actual exam Study Guide
Exam (2026) UPDATE 2026\2027
ACTUAL COMPLETE EXAM Questions
With Correct Detailed & Verified
ANSWERS (100% Accurate Solutions)
||ALREADY GRADED A+||Exam
Guarantee Pass!!
Immobility - ANSWERS-the land cannot be moved
Nonhomogeneity - ANSWERS-no two parcels of land are the same.
Valid Contract - ANSWERS-A contract that results when elements necessary for
contract formation (agreement, consideration, legal purpose, and contractual capacity)
are present.
Void Contract - ANSWERS-A contract having no legal force or binding effect.
Unilateral Contract - ANSWERS-only one of the parties to the contract is legally bound
to do anything
Voidable Contract - ANSWERS-A contract that may be legally avoided at the option of
one or both of the parties.
, Indestructability or Durability - ANSWERS-the land cannot be destroyed
Fixity - ANSWERS-land and additions to the land, such as buildings, take long periods
to pay for themselves
Situs - ANSWERS-location of the property or land from an economic viewpoint Scarcity
- ANSWERS-supply and demand
Modification - ANSWERS-value is affected by man-made changes to the land
Default - ANSWERS-when a party to a contract fails to perform under the contract (also
referred to as breach of contract)
Types of Damages - ANSWERS--Refund of Earnest Money
-Monetary Damages
-Specific Performance
2 TREC Lease Forms - ANSWERS-1. Buyer's Temporary Residential Lease - for use
when the buyer occupies the property for no more than 90 days prior to closing.
2. Seller's Temporary Residential Lease - for use when the seller occupies the property
for no more than 90 days after closing.
Right of First Refusal - ANSWERS-giving the tenant the right to purchase the leased
property by matching or bettering any offer before the property will be sold to someone
else
Default Remedies - ANSWERS-Liquidated Damages - the seller can choose to accept
the buyer's earnest money, releasing all parties from any further obligation
2. Monetary Damages - the injured party may "seek such other relief as may be
provided by law"
3. Specific Performance - the injured party files a court action seeking an order of the
court directing the defaulting party to perform according to the terms of the contract.
