PRINCIPLES OF REAL ESTATE 1- b b b b
CHAMPIONS SCHOOL OF REAL ESTATE
b b b b b
EXAMS WITH ANSWERS b b b
a Bfreeway Bhas Bmade Bcommuting Bto Ba Bdistant Bsuburban Bneighborhood Beasier,
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Bresulting Bin Ban Bincrease Bin Bnew Bhome Bsales. BThis Bincrease Bin Bsales Bis Ban
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Bexample Bof Bthe Beconomic Bcharacteristic Bof B
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A.) Bscarcity b
B.) BFixity B b b
C.) BSitus b
D.) BModification B- B Bcorrect Banswer- BD.) BModification
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The Bsupply Bof BReal BEstate Bis Baffected Bby B
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A.) BLand Bcost b b
B.) BBuilding Bcodes B
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C.) BGovernment Bregulations B
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D.) BAll Bof Bthese B- B Bcorrect Banswer- BD.) BAll Bof Bthese
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The Bleast Bimportant Bfactor Baffecting Bdemand Bfor Breal Bestate Bis: B
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A.) BPopulation BGrowth B
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B.) BPersonal BPreference
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C.) BAvailability Bof BCredit
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D.) BTransportation BSystems B- B Bcorrect Banswer- BB.) BPersonal BPreference
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A Blawsuit Bwas Btried Bon Ba Breal Bestate Bmatter. BThe Bjudge Bruled Bin Bthe Bcase,
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Bago. BThe Bjudges Bdecision Bin Bthe Bcase Bwas Bmost Blikely Bbased Bupon: B
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, A.) BStatutory BLaw B
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B.) BCivil BLaw B
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C.) BCommon BLaw B
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D.) BLocal Bordinance B- B Bcorrect Banswer- BC.) BCommon BLaw
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A Blicense Bholder Bwas Btried Bin Ba Bstate Bdistrict Bcourt Bon Ba Bcomplaint Barising
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Bfrom Ba Breal Bestate Btransaction. BThe Bcourt Bruled Bthat, Bamong Bother
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Btransgressions, Bthe Bdefendant Bhad Bviolated Bthe BTexas BReal BEstate BLicense
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BAct. BThis Bdecision Bof Bthe Bjudge Bwas Bbased Bupon:
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A.) BStatutory Blaw B
b b b
B.) BCivil BLaw B
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C.) BCommon BLaw B
b b b
D.) BLocal BOrdinance B- B Bcorrect Banswer- BA.) BStatutory BLaw
b b b b b b b b b
RMLOs Bin BTexas Bare Blicensed Bthrough: B
b b b b b b
A.) BTexas BReal BEstate BCommission B
b b b b b
B.) BNational BMortgage BBankers BAssociation B
b b b b b
C.) BTexas BDepartment Bof BSavings Band BMortgage BLending
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D.) BTexas Bsavings Band Bloan Bboard B- B Bcorrect Banswer- BC.) BTexas BDepartment
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Bof BSavings Band BMortgage BLending
b b b b b
A BFreeway Bhas Bmade Bcommuting Bto Ba Bdistant Bsuburban Bneighborhood Beasier,
b b b b b b b b b b
Bresulting Bin Ban Bincrease Bin Bnew Bhome Bsales. BThis Bincrease Bin Bsales Bis Ban
b b b b b b b b b b b b b b
Bexample Bof Bthe Beconomic Bcharacteristics Bof: B
b b b b b b b
A.) BScarcity
b
B.) BFixity B
b b
C.) BSitus B b b
D.) BModification B- B Bcorrect Banswer- BD.) BModification
b b b b b b b
Air BRights Bare Bcommonly Bleased Bor Bconveyed Bin:
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A.) BCell Btower Bleases B
b b b b
B.) BCondominiums B
b b
C.) BOutdoor BAdvertising B
b b b
D.) BAll Bof Bthese Bare Bcorrect B- B Bcorrect Banswer- BD) Ball Bof Bthese
b b b b b b b b b b b b b
Building, Broads Band Bfences Bare Ball Bexamples Bof: B
b b b b b b b b
A.) BPersonal BProperty
b b
B.) BPrivate BProperty B
b b b
C.) BImprovements B
b b
D.) BPublic BProperty B- B Bcorrect Banswer- BC.) BImprovements
b b b b b b b b
If Ba Btenant Bfails Bto Bremove Btrade Bfixtures Bfrom Bthe Bleased Bpremises, Bthe
b b b b b b b b b b b b
Bfixtures Bbecome Bthe Bproperty Bof Bthe Blandlord Bthrough: B
b b b b b b b b b
A.) BRemediation B
b b
B.) BAdverse BPossession B
b b b
C.) BAccession Bb b
D.) BDescent B- B Bcorrect Banswer- BC.) BAccession
b b b b b b b
Effective Bin B1976, Bmanufactured Bhomes Bhave Bbeen Bbuilt Baccording Bto Ba
b b b b b b b b b b
Bbuilding Bcode Badministered Bby: B
b b b b b
CHAMPIONS SCHOOL OF REAL ESTATE
b b b b b
EXAMS WITH ANSWERS b b b
a Bfreeway Bhas Bmade Bcommuting Bto Ba Bdistant Bsuburban Bneighborhood Beasier,
b b b b b b b b b b
Bresulting Bin Ban Bincrease Bin Bnew Bhome Bsales. BThis Bincrease Bin Bsales Bis Ban
b b b b b b b b b b b b b b
Bexample Bof Bthe Beconomic Bcharacteristic Bof B
b b b b b b b
A.) Bscarcity b
B.) BFixity B b b
C.) BSitus b
D.) BModification B- B Bcorrect Banswer- BD.) BModification
b b b b b b b
The Bsupply Bof BReal BEstate Bis Baffected Bby B
b b b b b b b b
A.) BLand Bcost b b
B.) BBuilding Bcodes B
b b b
C.) BGovernment Bregulations B
b b b
D.) BAll Bof Bthese B- B Bcorrect Banswer- BD.) BAll Bof Bthese
b b b b b b b b b b b
The Bleast Bimportant Bfactor Baffecting Bdemand Bfor Breal Bestate Bis: B
b b b b b b b b b b
A.) BPopulation BGrowth B
b b b
B.) BPersonal BPreference
b b
C.) BAvailability Bof BCredit
b b b
D.) BTransportation BSystems B- B Bcorrect Banswer- BB.) BPersonal BPreference
b b b b b b b b b
A Blawsuit Bwas Btried Bon Ba Breal Bestate Bmatter. BThe Bjudge Bruled Bin Bthe Bcase,
b b b b b b b b b b b b b b
Bciting Bthe Bdecision Bof Ba Bjudge Bin Ba Bsimilar Bcase Bthat Bwas Btried Bten Byears
b b b b b b b b b b b b b b b
Bago. BThe Bjudges Bdecision Bin Bthe Bcase Bwas Bmost Blikely Bbased Bupon: B
b b b b b b b b b b b b b
, A.) BStatutory BLaw B
b b b
B.) BCivil BLaw B
b b b
C.) BCommon BLaw B
b b b
D.) BLocal Bordinance B- B Bcorrect Banswer- BC.) BCommon BLaw
b b b b b b b b b
A Blicense Bholder Bwas Btried Bin Ba Bstate Bdistrict Bcourt Bon Ba Bcomplaint Barising
b b b b b b b b b b b b b
Bfrom Ba Breal Bestate Btransaction. BThe Bcourt Bruled Bthat, Bamong Bother
b b b b b b b b b b b
Btransgressions, Bthe Bdefendant Bhad Bviolated Bthe BTexas BReal BEstate BLicense
b b b b b b b b b b
BAct. BThis Bdecision Bof Bthe Bjudge Bwas Bbased Bupon:
b b b b b b b b b
A.) BStatutory Blaw B
b b b
B.) BCivil BLaw B
b b b
C.) BCommon BLaw B
b b b
D.) BLocal BOrdinance B- B Bcorrect Banswer- BA.) BStatutory BLaw
b b b b b b b b b
RMLOs Bin BTexas Bare Blicensed Bthrough: B
b b b b b b
A.) BTexas BReal BEstate BCommission B
b b b b b
B.) BNational BMortgage BBankers BAssociation B
b b b b b
C.) BTexas BDepartment Bof BSavings Band BMortgage BLending
b b b b b b b
D.) BTexas Bsavings Band Bloan Bboard B- B Bcorrect Banswer- BC.) BTexas BDepartment
b b b b b b b b b b b b
Bof BSavings Band BMortgage BLending
b b b b b
A BFreeway Bhas Bmade Bcommuting Bto Ba Bdistant Bsuburban Bneighborhood Beasier,
b b b b b b b b b b
Bresulting Bin Ban Bincrease Bin Bnew Bhome Bsales. BThis Bincrease Bin Bsales Bis Ban
b b b b b b b b b b b b b b
Bexample Bof Bthe Beconomic Bcharacteristics Bof: B
b b b b b b b
A.) BScarcity
b
B.) BFixity B
b b
C.) BSitus B b b
D.) BModification B- B Bcorrect Banswer- BD.) BModification
b b b b b b b
Air BRights Bare Bcommonly Bleased Bor Bconveyed Bin:
b b b b b b b
A.) BCell Btower Bleases B
b b b b
B.) BCondominiums B
b b
C.) BOutdoor BAdvertising B
b b b
D.) BAll Bof Bthese Bare Bcorrect B- B Bcorrect Banswer- BD) Ball Bof Bthese
b b b b b b b b b b b b b
Building, Broads Band Bfences Bare Ball Bexamples Bof: B
b b b b b b b b
A.) BPersonal BProperty
b b
B.) BPrivate BProperty B
b b b
C.) BImprovements B
b b
D.) BPublic BProperty B- B Bcorrect Banswer- BC.) BImprovements
b b b b b b b b
If Ba Btenant Bfails Bto Bremove Btrade Bfixtures Bfrom Bthe Bleased Bpremises, Bthe
b b b b b b b b b b b b
Bfixtures Bbecome Bthe Bproperty Bof Bthe Blandlord Bthrough: B
b b b b b b b b b
A.) BRemediation B
b b
B.) BAdverse BPossession B
b b b
C.) BAccession Bb b
D.) BDescent B- B Bcorrect Banswer- BC.) BAccession
b b b b b b b
Effective Bin B1976, Bmanufactured Bhomes Bhave Bbeen Bbuilt Baccording Bto Ba
b b b b b b b b b b
Bbuilding Bcode Badministered Bby: B
b b b b b