Champion School Of Real Estate
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Latest notes & summaries Champion School Of Real Estate
if you are holding undeveloped land, your goal as an investment is: 
appreciation 
 
 
 
land is referred to as _____ because it can be seen touched 
tangible 
 
 
 
Formaldehyde gas is: 
Colorless 
 
 
 
Local governments can use which of the following to enforce subdivision requirements? 
Police Power 
 
 
 
The time limitation on deed restrictions is typically __________ due to changes that render the original 
restriction irrelevant. 
25-35 years 
 
 
 
Which of the following is a rating use...
The _____ is required to ascertain that Brokers are aware of all of their responsibilities. 
Texas Real Estate Commission 
 
 
 
The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. 
Broker Responsibility MCE 
 
 
 
Who Must Take The Broker Responsibility MCE Course? 
A broker who s...
An area of neighborhoods or subdivisons that 
is serviced by your firm. 
Geographic Farm 
 
 
 
A plan by which you develop to gain name 
recognition 
Marketing Plan 
 
 
 
Becoming different in your approach through 
growth and development 
differentiate 
 
 
 
All the properties in a particular price range, 
in the area your firm services 
economic farm 
 
 
 
Words or content by which top producers are 
using to be successful. 
hot buttons 
 
 
 
Building _____________________________ comes f...
appurtenance 
term used to describe rights, privileges or improvements that belong to and pass with the land 
 
 
 
improvements 
man's additions to the land such as building and landscaping 
 
 
 
personal property 
also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. 
 
 
 
bill of sale 
ownership of chattel or personalty is transferred v...
Diplomacy 
the ability to handle clients and situations in a sensitive and effective way - is critical in commercial real estate, and a lack of it can expose you immediately as a beginner. 
 
 
 
Deceptive Trade Practices Act (DTPA) 
Texas law that was passed in 1973. It allows an aggrieved consumer to sue a seller of goods for damages. The act by the seller of the goods has to be deceptive or unfair for the consumer to successfully sue for monetary damages. 
 
 
 
CCIM (Certified Commercial Inv...
With a customer wants 
In virtually all cases, agents are responsible for delivering... 
 
 
 
Form utility 
Describes how property is made available when and where the customer wants it 
 
 
 
Place strategy 
When considering the best media to reach the target market, the agent is addressing? 
 
 
 
Place utility 
Properties must be at a convenient location for the customers, is what kind of utility? 
 
 
 
Possession utility 
Credit must be available, buyer must be able to buy, in the property...
CoStar 
Commercial real estate website similar to a residential MLS 
 
 
 
Augmented Reality 
Enhances the user's current perception and experience of reality 
 
 
 
Artificial Intelligence 
intelligence exhibited by machines 
 
 
 
Analytics 
Collect and track digital data from websites, apps 
and offline repositories 
 
 
 
MLS 
The long-standing gold standard in data collection 
for real estate agents 
 
 
 
Virtual Reality 
following trends in real estate brokerage gives buyers the opportun...
Champions Real Estate Marketing SAE| 122 questions with verified correct answers
Champions Commercial Real Estate- SAE |73 questions and answers.
General Lien (also Statatory) 
attaches to all the property of the debtor, not exempt from forced sale (Example: a judgment or IRS lien) 
 
 
 
Diplomacy 
the ability to handle clients and situations in a sensitive and effective way - is critical in commercial real estate, and a lack of it can expose you immediately as a beginner. 
 
 
 
DTPA 
The Deceptive Trade Practices Act (DTPA) is a Texas law that was passed in 1973. It allows an aggrieved consumer to sue a seller of goods for damages. The...