CHAMPIONS REAL ESTATE ACTUAL TEST
PAPER 2026 COMPLETE QUESTIONS AND
SOLUTIONS
◉Mortgage Lending. Answer: business of providing money to
individuals or corporations for the conditional transfer or pledge of
real estate as security for payment of a debt
◉RMLO. Answer: Residential Mortgage Lenders Originator
◉Property Management. Answer: Management of residential and
commercial properties on behalf of owner/investor
◉Apartment Locators. Answer: Locates rentals of tenants in multi-
family complexes. Has knowledge of amenities of all complexes in
the market area. Paid a fee by apartment complex for referals
◉Home Inspectors. Answer: Inspects properties for habitability
including HVAC, Plumbing, electrical and construction methods
,◉Real Estate Development. Answer: Involves the acquisition of land
for development into residential subdivisions, retail center and
commercial uses
◉Oil and Gas Landman. Answer: Negotiates oil and gas leases with
mineral owners. Title work to determine mineral ownership
◉TREC. Answer: Texas Real Estate Commision
◉Education Standards Advisory Cmte. Answer: 12 members-7
brokers, 4 education board members, 1 public member. Reviews and
revises curriculum standards, course requirements.
◉NAR-National Association of Realtors. Answer: Largest
professional organization for RE profs. Divided into State and Local
boards. Operates the MLS
◉IREM-Institute of RE Mgmt. Answer: Intl cmte of RE managers.
◉CCIM-Certified Commercial Investment Memeber. Answer: Est
1954. Furthers business practices through education and
networking
, ◉SIOR-Society of Industrial and office realtors. Answer: Professional
affiliate of the NAR. Specializes in industrial, office, sales managers,
executive manager or advisory service
◉ICSC-International Council of Shopping Centers. Answer: Purpose
is to advance the shopping center industry. Promotes commercial
distribution of consumer goods and service
◉BOMA-Building Owners and Managers Assoc. Answer: Member are
building owners, managers, developers, leasing professionals,
corporate facility managers, asset managers, and providers of
products and services to operate commercial properties
◉Land is developed.... Answer: by appearance, location and scenic
value
◉Land is described.... Answer: by utility and suitability for a specific
use
◉Land and Real Estate property. Answer: must be described in a
distinguishable manner from personal property.
◉4 Economic Characteristics of Land. Answer: Scarcity
Modification
PAPER 2026 COMPLETE QUESTIONS AND
SOLUTIONS
◉Mortgage Lending. Answer: business of providing money to
individuals or corporations for the conditional transfer or pledge of
real estate as security for payment of a debt
◉RMLO. Answer: Residential Mortgage Lenders Originator
◉Property Management. Answer: Management of residential and
commercial properties on behalf of owner/investor
◉Apartment Locators. Answer: Locates rentals of tenants in multi-
family complexes. Has knowledge of amenities of all complexes in
the market area. Paid a fee by apartment complex for referals
◉Home Inspectors. Answer: Inspects properties for habitability
including HVAC, Plumbing, electrical and construction methods
,◉Real Estate Development. Answer: Involves the acquisition of land
for development into residential subdivisions, retail center and
commercial uses
◉Oil and Gas Landman. Answer: Negotiates oil and gas leases with
mineral owners. Title work to determine mineral ownership
◉TREC. Answer: Texas Real Estate Commision
◉Education Standards Advisory Cmte. Answer: 12 members-7
brokers, 4 education board members, 1 public member. Reviews and
revises curriculum standards, course requirements.
◉NAR-National Association of Realtors. Answer: Largest
professional organization for RE profs. Divided into State and Local
boards. Operates the MLS
◉IREM-Institute of RE Mgmt. Answer: Intl cmte of RE managers.
◉CCIM-Certified Commercial Investment Memeber. Answer: Est
1954. Furthers business practices through education and
networking
, ◉SIOR-Society of Industrial and office realtors. Answer: Professional
affiliate of the NAR. Specializes in industrial, office, sales managers,
executive manager or advisory service
◉ICSC-International Council of Shopping Centers. Answer: Purpose
is to advance the shopping center industry. Promotes commercial
distribution of consumer goods and service
◉BOMA-Building Owners and Managers Assoc. Answer: Member are
building owners, managers, developers, leasing professionals,
corporate facility managers, asset managers, and providers of
products and services to operate commercial properties
◉Land is developed.... Answer: by appearance, location and scenic
value
◉Land is described.... Answer: by utility and suitability for a specific
use
◉Land and Real Estate property. Answer: must be described in a
distinguishable manner from personal property.
◉4 Economic Characteristics of Land. Answer: Scarcity
Modification
