Principles of Real Estate 1- Champions School of Real
Estate Questions and answers EXAM, SOLUTIONS
(MULTIPLE CHOICES) 100% correct 2025!!
Terms in this set (68)
a freeway has made commuting to D.) Modification
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
The supply of Real Estate is D.) All of these
affected by
A.) Land cost
B.)Building codes
C.) Government regulations
D.) All of these
The least important factor B.) Personal Preference
affecting demand for real
estate is:
A.) Population Growth
B.)Personal Preference
C.) Availability of Credit
D.) Transportation Systems
,A lawsuit was tried on a real C.) Common Law
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
A license holder was tried in a A.) Statutory Law
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
RMLOs in Texas are licensed C.) Texas Department of Savings and Mortgage Lending
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
A Freeway has made D.) Modification
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
Air Rights are commonly leased D) all of these
or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
D.) All of these are correct
Building, roads and fences are all C.) Improvements
examples of:
A.) Personal Property
B.)Private Property
C.) Improvements
D.) Public Property
Estate Questions and answers EXAM, SOLUTIONS
(MULTIPLE CHOICES) 100% correct 2025!!
Terms in this set (68)
a freeway has made commuting to D.) Modification
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
The supply of Real Estate is D.) All of these
affected by
A.) Land cost
B.)Building codes
C.) Government regulations
D.) All of these
The least important factor B.) Personal Preference
affecting demand for real
estate is:
A.) Population Growth
B.)Personal Preference
C.) Availability of Credit
D.) Transportation Systems
,A lawsuit was tried on a real C.) Common Law
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
A license holder was tried in a A.) Statutory Law
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
RMLOs in Texas are licensed C.) Texas Department of Savings and Mortgage Lending
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
A Freeway has made D.) Modification
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
Air Rights are commonly leased D) all of these
or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
D.) All of these are correct
Building, roads and fences are all C.) Improvements
examples of:
A.) Personal Property
B.)Private Property
C.) Improvements
D.) Public Property
