Principles of Real Estate 1- Champions School of Real
Estate With 68 Ques ons and answers Newest RATED
A+ NEW EDITION!
a freeway has made commu ng to a distant suburban neighborhood easier, resul ng in an
increase in new home sales. This increase in sales is an example of the economic characteris c
of
A.) scarcity
B.) Fixity
C.) Situs
D.) Modifica on - Ans D.) Modifica on
The supply of Real Estate is affected by
A.) Land cost
B.) Building codes
C.) Government regula ons
D.) All of these - Ans D.) All of these
The least important factor affec ng demand for real estate is:
A.) Popula on Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transporta on Systems - Ans B.) Personal Preference
A lawsuit was tried on a real estate ma-er. The judge ruled in the case, ci ng 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 - Ans C.) Common Law
A license holder was tried in a state district court on a complaint arising from a real estate
transac on. 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 - Ans A.) Statutory Law
RMLOs in Texas are licensed through:
A.) Texas Real Estate Commission
B.) Na onal Mortgage Bankers Associa on
C.) Texas Department of Savings and Mortgage Lending
D.) Texas savings and loan board - Ans C.) Texas Department of Savings and Mortgage Lending
A Freeway has made commu ng to a distant suburban neighborhood easier, resul ng in an
increase in new home sales. This increase in sales is an example of the economic characteris cs
of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modifica on - Ans D.) Modifica on
, Air Rights are commonly leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Adver sing
D.) All of these are correct - Ans D) all of these
Building, roads and fences are all examples of:
A.) Personal Property
B.) Private Property
C.) Improvements
D.) Public Property - Ans C.) Improvements
If a tenant fails to remove trade fixtures from the leased premises, the fixtures become the
property of the landlord through:
A.) Remedia on
B.) Adverse Possession
C.) Accession
D.) Descent - Ans C.) Accession
Effec ve in 1976, manufactured homes have been built according to a building code
administered by:
A.) Local building departments
B.) State code enforcement
C.) HUD
D.) FHA - Ans C.) HUD
Estate With 68 Ques ons and answers Newest RATED
A+ NEW EDITION!
a freeway has made commu ng to a distant suburban neighborhood easier, resul ng in an
increase in new home sales. This increase in sales is an example of the economic characteris c
of
A.) scarcity
B.) Fixity
C.) Situs
D.) Modifica on - Ans D.) Modifica on
The supply of Real Estate is affected by
A.) Land cost
B.) Building codes
C.) Government regula ons
D.) All of these - Ans D.) All of these
The least important factor affec ng demand for real estate is:
A.) Popula on Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transporta on Systems - Ans B.) Personal Preference
A lawsuit was tried on a real estate ma-er. The judge ruled in the case, ci ng 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 - Ans C.) Common Law
A license holder was tried in a state district court on a complaint arising from a real estate
transac on. 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 - Ans A.) Statutory Law
RMLOs in Texas are licensed through:
A.) Texas Real Estate Commission
B.) Na onal Mortgage Bankers Associa on
C.) Texas Department of Savings and Mortgage Lending
D.) Texas savings and loan board - Ans C.) Texas Department of Savings and Mortgage Lending
A Freeway has made commu ng to a distant suburban neighborhood easier, resul ng in an
increase in new home sales. This increase in sales is an example of the economic characteris cs
of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modifica on - Ans D.) Modifica on
, Air Rights are commonly leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Adver sing
D.) All of these are correct - Ans D) all of these
Building, roads and fences are all examples of:
A.) Personal Property
B.) Private Property
C.) Improvements
D.) Public Property - Ans C.) Improvements
If a tenant fails to remove trade fixtures from the leased premises, the fixtures become the
property of the landlord through:
A.) Remedia on
B.) Adverse Possession
C.) Accession
D.) Descent - Ans C.) Accession
Effec ve in 1976, manufactured homes have been built according to a building code
administered by:
A.) Local building departments
B.) State code enforcement
C.) HUD
D.) FHA - Ans C.) HUD
