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Texas Principles of Real Estate 2 - Champions Exam Questions with correct Answers
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4.0(1)4.058maart 20242023/2024A+
- appraisal - ANSWER-defined as an appraiser's opinion of value. 
 
Loan-to-Value Ratio (LTV) - ANSWER-is the percentage of value or sales price that a lender is willing to finance. 
 
Principle of Substitution - ANSWER-According to this principle, a commodity's value is influenced by the cost of acquiring a substitute or comparable item. 
 
Principle of Regression - ANSWER-The presence of lower-priced properties in the area will cause a decline in the value of the subject property. 
 
Principle...
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