Principles of Real Estate 1- Champions School of Real
Estate Questions and answers EXAM, SOLUTIONS
(MULTIPLE CHOICES) 100% correct 2025!!
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
The least important factor affecting demand for real estate is:
A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems - (ANSWER)B.) Personal Preference
,A lawsuit was tried on a real estate matter. The judge ruled in the case, citing the
decision of a judge in a similar case that was tried ten years ago. The judges
decision in the case was most likely based upon:
A.) Statutory Law
B.) Civil Law
C.) Common Law
D.) Local ordinance - (ANSWER)C.) Common Law
A license holder was tried in a state district court on a complaint arising from a
real estate transaction. The court ruled that, among other transgressions, the
defendant had violated the Texas Real Estate License Act. This decision of the
judge was based upon:
A.) Statutory law
B.) Civil Law
C.) Common Law
D.) Local Ordinance - (ANSWER)A.) Statutory Law
RMLOs in Texas are licensed through:
A.) Texas Real Estate Commission
B.) National Mortgage Bankers Association
C.) Texas Department of Savings and Mortgage Lending
D.) Texas savings and loan board - (ANSWER)C.) Texas Department of Savings and
Mortgage Lending
, 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 characteristics of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification - (ANSWER)D.) Modification
Air Rights are commonly leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
D.) All of these are correct - (ANSWER)D) all of these
Building, roads and fences are all examples of:
A.) Personal Property
B.) Private Property
C.) Improvements
D.) Public Property - (ANSWER)C.) Improvements
If a tenant fails to remove trade fixtures from the leased premises, the fixtures
become the property of the landlord through:
A.) Remediation
Estate Questions and answers EXAM, SOLUTIONS
(MULTIPLE CHOICES) 100% correct 2025!!
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
The least important factor affecting demand for real estate is:
A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems - (ANSWER)B.) Personal Preference
,A lawsuit was tried on a real estate matter. The judge ruled in the case, citing the
decision of a judge in a similar case that was tried ten years ago. The judges
decision in the case was most likely based upon:
A.) Statutory Law
B.) Civil Law
C.) Common Law
D.) Local ordinance - (ANSWER)C.) Common Law
A license holder was tried in a state district court on a complaint arising from a
real estate transaction. The court ruled that, among other transgressions, the
defendant had violated the Texas Real Estate License Act. This decision of the
judge was based upon:
A.) Statutory law
B.) Civil Law
C.) Common Law
D.) Local Ordinance - (ANSWER)A.) Statutory Law
RMLOs in Texas are licensed through:
A.) Texas Real Estate Commission
B.) National Mortgage Bankers Association
C.) Texas Department of Savings and Mortgage Lending
D.) Texas savings and loan board - (ANSWER)C.) Texas Department of Savings and
Mortgage Lending
, 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 characteristics of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification - (ANSWER)D.) Modification
Air Rights are commonly leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
D.) All of these are correct - (ANSWER)D) all of these
Building, roads and fences are all examples of:
A.) Personal Property
B.) Private Property
C.) Improvements
D.) Public Property - (ANSWER)C.) Improvements
If a tenant fails to remove trade fixtures from the leased premises, the fixtures
become the property of the landlord through:
A.) Remediation
