Champions real estat - Study guides, Class notes & Summaries
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CHAMPIONS REAL ESTATE FINANCE GRADED A+ ALREADY PASSED 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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LAW OF AGENCY CHAMPIONS TEXAS REAL ESTATE EXAM LATEST 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+
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LAW OF AGENCY CHAMPIONS TEXAS REAL ESTATE EXAM LATEST 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+
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Champions Real Estate Marketing SAE | 122 Questions and Answers 100% Correct
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Champions Real Estate Marketing SAE | 122 Questions and Answers 100% Correct
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Champions Real Estate Finance Exam (2024/ 2025) 100% Correct Questions and Verified Answers| Grade A
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Champions Real Estate Finance Exam (2024/ 2025) 100% Correct Questions and Verified Answers| Grade A 
 
 
Q: The money that mortgage companies use to make loans come from the sale of ________, which is considered a business transaction, not a savings account deposit procedure. 
 
 
Answer: 
Bonds 
 
 
 
Q: Government entities regularly sell bonds to 
 
 
Answer: 
Fund major capital investments 
 
 
 
Q: Advantage of municipal bonds is 
 
 
Answer: 
That the interest paid to investors is not subj...
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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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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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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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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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Champions Real Estate Exam: Law of Agency | 286 Questions and Answers | Updated 2023-2024
- Exam (elaborations) • 54 pages • 2023
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Champions Real Estate Exam: Law of Agency | 286 Questions and Answers | Updated 2023-2024
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