Champions real estat - Study guides, Class notes & Summaries
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Champions Real Estate Finance Exam Review (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A
- Exam (elaborations) • 46 pages • 2024
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Champions Real Estate Finance Exam Review (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A 
 
Q: Monetary inflation 
When there is an excess of money supply in the market. 
 
 
 
Q: Demand Pull Inflation 
 
 
Answer: 
created when there is more money in the market & less goods for sale. 
 
 
 
Q: cost-plus inflation 
 
 
Answer: 
when the cost of production & offering services increase thereby causing manufacturers and trades people/vendors to raise their prices ac...
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Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A
- Exam (elaborations) • 29 pages • 2024
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Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A 
 
 
Q: All residential mortgage loan originators must register with 
 
 
Answer: 
NMLSR 
National Mortgage Licensing System & Registry 
 
 
 
Q: Who is responsible for affordable housing 
 
 
Answer: 
TDHCA 
Texas Department of Housing & Community Affairs 
 
 
 
Q: Who is applicable to all federally related mortgage loans 
 
 
Answer: 
RESPA 
Real Estate Settlement Procedure Act 
 ...
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Champions Real Estate Finance Study Guide (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A
- Exam (elaborations) • 39 pages • 2024
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Champions Real Estate Finance Study Guide (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A 
 
 
Q: Supply and Demand 
an economic concept that states that the price of a good rises and falls depending on how many people want it and depending on how much of the good is available. 
 
 
 
Q: Funding 
 
 
Answer: 
The process of transferring funds to a title or escrow company for disbursement 
 
 
 
Q: The Safe Act 
 
 
Answer: 
Designed to enhance consumer protection ...
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Champions Real Estate Marketing SAE Questions and Answers Already Passed
- Exam (elaborations) • 22 pages • 2024
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Champions Real Estate Marketing SAE 
Questions and Answers Already Passed 
 
Most common reason a property fails to sell is price 
 
Matching human needs with goods or services to meet those needs is the process of 
marketing 
 
_____________________ is a key personality trait of a successful agent problem solving 
 
3 Ways Sales Agents Add Value to the Buying Process Counseling, Negotiating, and 
Managing the transaction 
 
Four P's of marketing real estate product, promotion, price and place ...
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Champions Real Estate Exam Prep (Texas) 2024
- Exam (elaborations) • 68 pages • 2024
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In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - correct answer 1949 
 
TREC has only _______ promulgated lease forms. - correct answer 2 
promulgated form 공포된 양식 
 
In the TAR® Seller's Disclosure the seller should _______. 
 
a. prepare the disclosure when the listing is taken 
b. be the only one completing this form or any part of it 
c. none of the above 
d. both a and b - correct answer d. both a and b 
 
The _______ statute pr...
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Champions Real Estate Exam: Law of Agency 2024
- Exam (elaborations) • 54 pages • 2024
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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 
 
This is the most limited of all the agency relationships - correct answer Special agency 
 
This type of agency...
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Champions Real Estate Exam: Law of Agency Latest Version Graded A+
- Exam (elaborations) • 88 pages • 2024
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This person hires an agent The Principal 
The agent works on behalf of this person the client (principal) 
This type of agency allows for the greatest range of authority Universal 
This is provided to the agent when there is written documentation that the agency relationship 
exists. Express authority 
This is the most limited of all the agency relationships Special agency 
This type of agency is created when a 3rd party believes that an agent has authority that has NOT 
been granted by a princi...
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Champions Real Estate Finance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade
- Exam (elaborations) • 32 pages • 2024
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Champions Real Estate Finance Exam (New 
2024/ 2025 Update) Questions and Verified 
Answers| 100% Correct| A Grade 
 
 
QUESTION 
 By FHA paying a claim to the lender in the event of a homeowner's default does this increase or 
reduce the risk? 
 
 
Answer: 
FHA will bear less risk and lower the risk 
 
 
 
QUESTION 
 This can be paid at closing or added to the loan at funding 
 
 
Answer: 
UFMIP 
Up Front Mortgage Insurance Premium 
 
 
 
QUESTION 
 What is the LTV of an FHA loan 
 
 
...
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Champions Real Estate Exam: Law of Agency | Latest Version 2024 | Verified | Ace the Test
- Exam (elaborations) • 88 pages • 2024
- Available in package deal
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This person hires an agent The Principal 
The agent works on behalf of this person the client (principal) 
This type of agency allows for the greatest range of authority Universal 
This is provided to the agent when there is written documentation that the agency relationship 
exists. Express authority 
This is the most limited of all the agency relationships Special agency 
This type of agency is created when a 3rd party believes that an agent has authority that has NOT 
been granted by a princi...
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Champions Real Estate Finance Exam Review (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade
- Exam (elaborations) • 52 pages • 2024
-
Available in package deal
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- $10.99
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Champions Real Estate Finance Exam 
Review (New 2024/ 2025 Update) Questions 
and Verified Answers| 100% Correct| A 
Grade 
 
QUESTION 
HUD 
established as a cabinent dept by Dept of Housing & Urban Development Act 
 
 
 
QUESTION 
 HUD was created in ____________________. 
 
 
Answer: 
1965 
 
 
 
QUESTION 
 FHA (Federal Housing Administration) 
 
 
Answer: 
provides mortgage insurance on loans made by approved lenders throughout U.S. 
 
 
 
QUESTION 
 Community Development Block (CDBG...
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