Champions School of Real Estate
Champion School Of Real Estate
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Champion School Bundled exams with complete solution
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Champion School Bundled exams with complete solution
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Real Estate Finance Exam Bundle Questions with solved Answers
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Real Estate Finance Exam Bundle Questions with solved Answers
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CHAMPIONS SCHOOL OF REAL ESTATE PACKAGE DEAL
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CHAMPIONS SCHOOL OF REAL ESTATE PACKAGE DEAL
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champions school of real estate law of agency chapter quiz| 74 questions and answers
- Exam (elaborations) • 9 pages • 2023
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An agency relationship exists when one person, the ______________ acts for, or on the behalf of another person, the _____________________. 
Agent, principal 
 
 
 
Which of the following is ground for suspension or revocation of license by TREC? 
Splitting commission with a person other than a license holder 
 
 
 
The commission can deny licensure to an applicant based on the applicants? 
Moral character 
 
 
 
What form must an agent provide to a potential client at the first substantive discu...
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Principles of real estate II (Champions)| 127 questions and answers
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Functional obsolescence 
Refers to the loss in desirability of the style, layout or function of an element of a property over time 
 
 
 
Sales comparison 
best indicator of value for existing properties 
 
 
 
highest and best use 
the legal use for property that gives the greatest return in money and/or amenities 
 
 
 
external obsolescence 
the loss in value of a property caused by factors outside the property itself 
 
 
 
principle of contribution 
suggests the value of a property is equal...
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Real Estate Brokerage SAE - Champion's School of Real Estate| 291 questions and answers
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Search Engine Optimization (SEO) 
The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. 
 
 
 
Fcebook Live 
Video streaming through facebook. 
 
 
 
CoStar Database 
Functions much like a residential MLS, connecting commercial agents with brokerages, owners, lenders, property managers, appraisers, and investors. 
 
 
 
Virtual Reality (VR) 
A computer-generated image or environment that c...
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Principles of Real Estate 2 Champions| 334 questions and answers
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What does D.U.S.T. stand for? 
Demand, Utility, Scarcity, Transferability 
 
 
 
the percentage of value or sales price that a lender is willing to finance 
Loan to Value Ratio (LTV) 
 
 
 
the value of a property is equal to the sum of the contributory value of each of its component parts. 
principle of contribution 
 
 
 
the forces acting on a parcel of land are always affecting the value of the land 
PRINCIPLE OF CHANGE 
 
 
 
the legal use that gives the greatest return in money and/or amen...
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Principles of real estate I (Champions)| 102 questions and answers
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Subsurface rights 
Rights that include ownership of oil, gas and other minerals 
 
 
 
Surface and air rights 
Rights that are conveyed in a cell tower lease 
 
 
 
Improvement 
Any permanent man-made addition to the land 
 
 
 
Personal property 
Things of a temporary, movable nature 
 
 
 
Modular homes 
Factory-built housing built to local building codes 
 
 
 
Riparian rights 
Rights that an owner has to use water from a river or stream on or next to a property 
 
 
 
Littoral rights 
Rights...
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Real Estate Finance I-CHAMPIONS |60 questions and answers
- Exam (elaborations) • 23 pages • 2023
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he minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price 
B 
 
 
 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
A 
 
 
 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of 
 
(b) The prior VA loan was assumed by an eligible veteran who substituted ...
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Champions School Principles of Real Estate II| 205 questions and answers.
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Appraisal 
An Appraiser's opinion of value 
 
 
 
Principle of conformity 
Suggests that value is maximized when there is reasonable degree of homogeneity, or sameness, in a neighborhood 
 
 
 
USPAP 
Uniform Standards of Professional Appraisal Practice 
 
 
 
Uniform Standards of Professional Appraisal Practice 
Standards that have been established by the Appraisal Standards Board of the Appraisal Foundation 
 
 
 
Ad Valorem 
According to value 
 
 
 
Principle of progression 
The value of a ...
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