PRINCIPLES OF REAL ESTATE 1- CHAMPIONS SCHOOL OF REAL ESTATE.A TEST WITH ALL ANSWERS

PRINCIPLES OF REAL ESTATE 1- b b b b




CHAMPIONS SCHOOL OF REAL
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b ESTATE.A TEST WITH ALL ANSWERS b b b b




D V- V Vcorrect Vanswer- VA Vfreeway Vhas Vmade Vcommuting Vto Va Vdistant Vsuburban
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Vneighborhood Veasier, Vresulting Vin Van Vincrease Vin Vnew Vhome Vsales. VThis Vincrease
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Vin Vsales Vis Van Vexample Vof Vthe Veconomic Vcharacteristic Vof V
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(a) Vscarcity
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(b) VFixity V
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(c) VSitus
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(d) VModification
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D V- V Vcorrect Vanswer- VThe Vsupply Vof VReal VEstate Vis Vaffected Vby V
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(a) VLand Vcost
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(b) VBuilding Vcodes V
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(c) VGovernment Vregulations V
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(d) VAll Vof Vthese
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B V- V Vcorrect Vanswer- VThe Vleast Vimportant Vfactor Vaffecting Vdemand Vfor Vreal Vestate
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Vis: V
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(a) VPopulation VGrowth V
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(b) VPersonal VPreference
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(c) VAvailability Vof VCredit
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(d) VTransportation VSystems
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C V- V Vcorrect Vanswer- VA Vlawsuit Vwas Vtried Von Va Vreal Vestate Vmatter. VThe Vjudge Vruled
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Vin Vthe Vcase, Vciting Vthe Vdecision Vof Va Vjudge Vin Va Vsimilar Vcase Vthat Vwas Vtried Vten
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Vyears Vago. VThe Vjudges Vdecision Vin Vthe Vcase Vwas Vmost Vlikely Vbased Vupon: V
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(a) VStatutory VLaw V
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(b) VCivil VLaw V
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,(c) VCommon VLaw V
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(d) VLocal Vordinance
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A V- V Vcorrect Vanswer- VA Vlicense Vholder Vwas Vtried Vin Va Vstate Vdistrict Vcourt Von Va
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Vcomplaint Varising Vfrom Va Vreal Vestate Vtransaction. VThe Vcourt Vruled Vthat, Vamong
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Vother Vtransgressions, Vthe Vdefendant Vhad Vviolated Vthe VTexas VReal VEstate VLicense
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VAct. VThis Vdecision Vof Vthe Vjudge Vwas Vbased Vupon:
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(a) VStatutory Vlaw V
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(b) VCivil VLaw V
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(c) VCommon VLaw V
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(d) VLocal VOrdinance
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C V- V Vcorrect Vanswer- VRMLOs Vin VTexas Vare Vlicensed Vthrough: V
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(a) VTexas VReal VEstate VCommission V
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(b) VNational VMortgage VBankers VAssociation V
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(c) VTexas VDepartment Vof VSavings Vand VMortgage VLending
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(d) VTexas Vsavings Vand Vloan Vboard
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D V- V Vcorrect Vanswer- VA VFreeway Vhas Vmade Vcommuting Vto Va Vdistant Vsuburban
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Vneighborhood Veasier, Vresulting Vin Van Vincrease Vin Vnew Vhome Vsales. VThis Vincrease
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Vin Vsales Vis Van Vexample Vof Vthe Veconomic Vcharacteristics Vof: V
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(a) VScarcity
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(b) VFixity V
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(c) VSitus V
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(d) VModification
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D V- V Vcorrect Vanswer- VAir VRights Vare Vcommonly Vleased Vor Vconveyed Vin:
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(a) VCell Vtower Vleases V
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(b) VCondominiums V
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(c) VOutdoor VAdvertising V
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(d) VAll Vof Vthese Vare Vcorrect
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C V- V Vcorrect Vanswer- VBuilding, Vroads Vand Vfences Vare Vall Vexamples Vof: V
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(a) VPersonal VProperty
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(b) VPrivate VProperty V
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(c) VImprovements V
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(d) VPublic VProperty
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C V- V Vcorrect Vanswer- VIf Va Vtenant Vfails Vto Vremove Vtrade Vfixtures Vfrom Vthe Vleased
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Vpremises, Vthe Vfixtures Vbecome Vthe Vproperty Vof Vthe Vlandlord Vthrough: V
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(a) VRemediation V
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(b) VAdverse VPossession V
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(c) VAccession V
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(d) VDescent
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, C V- V Vcorrect Vanswer- VEffective Vin V1976, Vmanufactured Vhomes Vhave Vbeen Vbuilt
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Vaccording Vto Va Vbuilding Vcode Vadministered Vby: V
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(a) VLocal Vbuilding Vdepartments V
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(b) VState Vcode Venforcement V
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(c) VHUDb




(d) VFHAb




C V- V Vcorrect Vanswer- VHomes Vthat Vare Vbuilt Vin Vsections Vaccording Vto Vlocal Vbuilding
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Vcodes Vand Vassembled Von Vthe Vjob Vsite Vare Vknown Vas: V
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(a) VTrailers V
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(b) VMobile VHomes
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(c) VModular VHomes V
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(d) VSite Vbuilt VHomes
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B V- V Vcorrect Vanswer- VManufactured Vhome Vdealers Vand Vsales Vpeople Vin VTexas Vare
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Vlicensed Vby: V
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(a) VTREC
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(b) VThe VTDHCA
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(c) VThe VTALCB
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(d) VTRELA
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D V- V Vcorrect Vanswer- VWhich Vof Vthe Vfollowing Vare Vconsidered Vpersonal Vproperty Vand
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Vmay Vbe Vharvested Vby Vthe Vowner Vof Vthe Vcrop? V
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(a) VTrade VFixtures V
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(b) VFixtures V
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(c) VSeverances V
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(d) VEmblements
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A V- V Vcorrect Vanswer- VLenders Vrequire V_____ Vnaming Vthe Vlender Vas Va V______ Vto
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Vprotect Vtheir Vinterest Vin Vthe Vproperty. V
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(a) VInsurance Vcoverage, Vloss Vpayee V
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(b) VCoinsurance, Vtrustor V
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(c) VA VLien, VCreditor V
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(d) VWind VInsurance, VGuarantor
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B V- V Vcorrect Vanswer- VBy Vfailing Vto Vmaintain Vsufficient V______, Vthe Vreduction Vof Vthe
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Vpayout Vof Va Vclaim Vmay Vbe Vreduced Vdue Vto Vthe Vcoinsurance Vclause. V
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(a) Vfee Vsimple Vownership
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(b) VCapital Vgains Vtax
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(c) VInsurance Vcoverage V
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(d) VPersonal Vliability
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