Champi - Study guides, Class notes & Summaries
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Texas Promulgated Contracts-CHAMPIONS Exam, Answered
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Texas Promulgated Contracts-CHAMPIONS Exam, Answered-The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording - B 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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Real Estate Finance I-CHAMPIONS Questions and Answers 100% Accurate
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Real Estate Finance I-CHAMPIONS Questions and Answers 100% Accurate Real Estate Finance I-CHAMPIONS Questions and Answers 100% Accurate Real Estate Finance I-CHAMPIONS Questions and Answers 100% Accurate V 
 
The 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 - ANSWER-B 
 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding
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Texas Principles of Real Estate 2 - Champions Exam Questions with correct Answers
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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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Champions Real Estate Marketing SAE Exam with complete solutions
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Most common reason a property fails to sell is - Answer- price 
 
Matching human needs with goods or services to meet those needs is the process of - Answer- marketing 
 
_____________________ is a key personality trait of a successful agent - Answer- problem solving 
 
3 Ways Sales Agents Add Value to the Buying Process - Answer- Counseling, Negotiating, and Managing the transaction 
 
Four P's of marketing real estate - Answer- product, promotion, price and place 
 
How can you know your prod...
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STATE TRUCK DRIVING CHAMPIONSHIP SAMPLE QUESTIONS 2024
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What year was the National Truck Roadeo established by the American Trucking Association? 
1937 
 
 
 
How many months must a driver have driven and performed the duties of a truck driver in 12 months of employment to compete in the truck driving championship? 
11 
 
 
 
During a calendar year, how many classes of competition can a driver compete in? 
1 
 
 
 
How many state competitions can a driver compete in during a calendar year? 
1 
 
 
 
How many months must a driver be continuously emplo...
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Principles of Real Estate 1 - Champions School of Real Estate | 100% Correct Answers | Verified | Latest 2024 Version
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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 - D.) Modification 
The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these - D.) All of these 
The least important factor affecting demand for real estate is: 
A.) Population Growth 
B.) Per...
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Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024
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Principles of Real Estate 2 Champion Exam 
With 100% Correct Answers 2024 
What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability 
the percentage of value or sales price that a lender is willing to finance - answerLoan to 
Value Ratio (LTV) 
the value of a property is equal to the sum of the contributory value of each of its component 
parts. - answerprinciple of contribution 
the forces acting on a parcel of land are always affecting the value of the land - 
answerPRIN...
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Champions Real Estate Finance Exam Questions and Answers 2023
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_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing 
 
The primary determinants of real estate values are supply and _____. - Answer- Demand 
 
_____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral 
 
Servicing includes which of the following activities? - Answer- Maintaining records of payment 
 
The monet...
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Texas Promulgated Contracts-CHAMPIONS STUDY WITH CORRECT SOLUTIONS
- Exam (elaborations) • 36 pages • 2024
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Texas Promulgated Contracts-CHAMPIONS 
STUDY WITH CORRECT SOLUTIONS 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in 
writing, and ___________. 
(a) Default 
(b) Mutual consent 
(c) Property condition 
(d) Recording - answerB 
A(n) __________________ contract is defined as a contract that is binding on the parties, with 
one or more of the parties having contractual duties that have not yet been performed. 
(a) Executory 
(b) Executed 
(c) Bilater...
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LAW OF CONTRACTS CHAMPIONS EXAM 2024 QUESTIONS AND ANSWERS GOOD SCORE IS GUARANTEED GRADE A+
- Exam (elaborations) • 74 pages • 2024
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LAW OF CONTRACTS CHAMPIONS EXAM 
2024 QUESTIONS AND ANSWERS GOOD 
SCORE IS GUARANTEED GRADE A+
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