Champion School of Real Estate Questions with 100% Correct Answers Champions School of Real Estate (Real Estate Salesperson State Prep Exam 1) Questions with 100% Correct Answers Principles of Real Estate 1- Champions School of Real Estate Questions with 100% Correct Answers Champions Exam Prep: St...
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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 correct answer d.) Modification The supply of real es...
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Add to cartA 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 correct answer d.) Modification The supply of real es...
Buyer Representation Agreement Correct Answer An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency Correct Answer Agency as a result of customary, usual or typical conditions Broker Correct Answer A properly licensed party who serves a principal in an agen...
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Add to cartBuyer Representation Agreement Correct Answer An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency Correct Answer Agency as a result of customary, usual or typical conditions Broker Correct Answer A properly licensed party who serves a principal in an agen...
Appurtenance Correct Answer term used to describe rights, privileges or improvements that belong to and pass with the land Improvements Correct Answer man's additions to the land such as building and landscaping Personal property Correct Answer also called chattel or personalty; a right or in...
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Add to cartAppurtenance Correct Answer term used to describe rights, privileges or improvements that belong to and pass with the land Improvements Correct Answer man's additions to the land such as building and landscaping Personal property Correct Answer also called chattel or personalty; a right or in...
Brokerage Correct Answer the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property manager Correct Answer Generally responsible for the day to...
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Add to cartBrokerage Correct Answer the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property manager Correct Answer Generally responsible for the day to...
TREC has received an application for a Texas Real Estate Sales License from Mary. Mary has completed all her educational requirements, and passed the state exam. At this point TREC will begin the background check. What is FALSE? (a) TREC has no time limit for determining integrity (b) ...
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Add to cartTREC has received an application for a Texas Real Estate Sales License from Mary. Mary has completed all her educational requirements, and passed the state exam. At this point TREC will begin the background check. What is FALSE? (a) TREC has no time limit for determining integrity (b) ...
TREC has the power to order witnesses to appear and/or produce records of documents for its investigations and hearings. This is called subpoena power. If a license holder fails to respond to a subpoena, what can TREC do? (a) TREC can assess an administrative penalty against the license holder fo...
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Add to cartTREC has the power to order witnesses to appear and/or produce records of documents for its investigations and hearings. This is called subpoena power. If a license holder fails to respond to a subpoena, what can TREC do? (a) TREC can assess an administrative penalty against the license holder fo...
D Correct Answer 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 D Correct Answer The supply of Rea...
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Add to cartD Correct Answer 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 D Correct Answer The supply of Rea...
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