Champi - Study guides, Class notes & Summaries
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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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Champions Real Estate Exam: Law of Agency UPDATED Exam Questions and CORRECT Answers
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Champions Real Estate Exam: Law of 
Agency UPDATED Exam Questions and 
CORRECT Answers 
This person hires an agent - Correct Answer- The Principal 
The agent works on behalf of this person - Correct Answer- the client (principal) 
This type of agency allows for the greatest range of authority - Correct Answer- Universal 
This is provided to the agent when there is written documentation that the agency relationship 
exists. - Correct Answer- Express authority
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Texas Principles 1 Exam Practice Questions And Answers - Champions School of Real Estate
- Exam (elaborations) • 14 pages • 2024
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Texas Principles 1 Exam Practice Questions And Answers - Champions School of Real Estate
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2023/2024 Promulgated Contract Forms Champions school of real estate Exam VERIFIED 100% CORRECT2023/2024 Promulgated Contract Forms Champions school of real estate Exam VERIFIED 100% CORRECT
- Exam (elaborations) • 28 pages • 2023
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2023/2024 Promulgated Contract 
Forms Champions school of real estate 
Exam VERIFIED 100% CORRECT
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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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RMLO - Champions School of Real Estate| 109 questions with 100% correct answers
- Exam (elaborations) • 12 pages • 2023
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A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. 
secondary market 
 
 
 
The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. 
Federal Housing Finance Agency (FHFA) 
 
 
 
The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. 
Gov't. National Mortgage Association - Ginnie Mae 
 
 
 
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CHAMPIONS REAL ESTATE FINANCE GRADED A+ ALREADY PASSED 2023
- Exam (elaborations) • 22 pages • 2023
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Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. 
 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. 
 
Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage - correct answer Covers more than one piece of property. 
 
Wraparound Mortgage - c...
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Principles of Real Estate 2 Champions-with 100% verified solutions 2024-2025-tutor verified
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Principles of Real Estate 2 Champions-with 100% verified solutions -tutor verified
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Champions Real Estate Exam Law of Agency 2023-2024 solution A+ GUARANTED
- Exam (elaborations) • 66 pages • 2023
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Champions Real Estate Exam Law of Agency solution A+ GUARANTED 
 
 
This person hires an agent - CORRECT ANS - The Principal 
 
The agent works on behalf of this person - CORRECT ANS - the client (principal) 
 
This type of agency allows for the greatest range of authority - CORRECT ANS - Universal 
 
This is provided to the agent when there is written documentation that the agency relationship exists. - CORRECT ANS - Express authority 
 
This is the most limited of all the agency relationships...
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