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PRINCIPLES OF REAL ESTATE 1-
CHAMPIONS SCHOOL OF REAL
ESTATE QUESTIONS WITH CORRECT
ANSWERS 2026
a freeway has made commuting to a distant suburban
neighborhood easier, resulting in an increase in new home sales.
This increase in sales is an example of the economic
characteristic of
A.) scarcity
B.) Fixity
C.) Situs
D.) Modification - correct answer-D.) Modification
The supply of Real Estate is affected by
A.) Land cost
B.) Building codes
C.) Government regulations
D.) All of these - correct answer-D.) All of these
The least important factor affecting demand for real estate is:
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A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems - correct answer-B.) Personal
Preference
A lawsuit was tried on a real estate matter. The judge ruled in the
case, citing the decision of a judge in a similar case that was tried
ten years ago. The judges decision in the case was most likely
based upon:
A.) Statutory Law
B.) Civil Law
C.) Common Law
D.) Local ordinance - correct answer-C.) Common Law
A license holder was tried in a state district court on a complaint
arising from a real estate transaction. The court ruled that, among
other transgressions, the defendant had violated the Texas Real
Estate License Act. This decision of the judge was based upon:
A.) Statutory law
B.) Civil Law
C.) Common Law
D.) Local Ordinance - correct answer-A.) Statutory Law
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RMLOs in Texas are licensed through:
A.) Texas Real Estate Commission
B.) National Mortgage Bankers Association
C.) Texas Department of Savings and Mortgage Lending
D.) Texas savings and loan board - correct answer-C.) Texas
Department of Savings and Mortgage Lending
A Freeway has made commuting to a distant suburban
neighborhood easier, resulting in an increase in new home sales.
This increase in sales is an example of the economic
characteristics of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification - correct answer-D.) Modification
Air Rights are commonly leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
PRINCIPLES OF REAL ESTATE 1-
CHAMPIONS SCHOOL OF REAL
ESTATE QUESTIONS WITH CORRECT
ANSWERS 2026
a freeway has made commuting to a distant suburban
neighborhood easier, resulting in an increase in new home sales.
This increase in sales is an example of the economic
characteristic of
A.) scarcity
B.) Fixity
C.) Situs
D.) Modification - correct answer-D.) Modification
The supply of Real Estate is affected by
A.) Land cost
B.) Building codes
C.) Government regulations
D.) All of these - correct answer-D.) All of these
The least important factor affecting demand for real estate is:
, Page | 2
A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems - correct answer-B.) Personal
Preference
A lawsuit was tried on a real estate matter. The judge ruled in the
case, citing the decision of a judge in a similar case that was tried
ten years ago. The judges decision in the case was most likely
based upon:
A.) Statutory Law
B.) Civil Law
C.) Common Law
D.) Local ordinance - correct answer-C.) Common Law
A license holder was tried in a state district court on a complaint
arising from a real estate transaction. The court ruled that, among
other transgressions, the defendant had violated the Texas Real
Estate License Act. This decision of the judge was based upon:
A.) Statutory law
B.) Civil Law
C.) Common Law
D.) Local Ordinance - correct answer-A.) Statutory Law
, Page | 3
RMLOs in Texas are licensed through:
A.) Texas Real Estate Commission
B.) National Mortgage Bankers Association
C.) Texas Department of Savings and Mortgage Lending
D.) Texas savings and loan board - correct answer-C.) Texas
Department of Savings and Mortgage Lending
A Freeway has made commuting to a distant suburban
neighborhood easier, resulting in an increase in new home sales.
This increase in sales is an example of the economic
characteristics of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification - correct answer-D.) Modification
Air Rights are commonly leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
