7/11/26, 9:58 AM Principles of Real Estate 1- Champions School of Real Estate, EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE EXAM …
Principles of Real Estate 1- Champions School of
Real Estate, EXAM 2026 TEST!! Graded A+ |
2025|2026 EXAM UPDATE EXAM Questions with
100% Correct Answers | Verified
Save Add to calendar
Terms in this set (68)
a freeway has made commuting to a D.) Modification
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
The supply of Real Estate is affected D.) All of these
by
A.) Land cost
B.) Building codes
C.) Government regulations
D.) All of these
https://quizlet.com/1194188563/principles-of-real-estate-1-champions-school-of-real-estate-exam-2026-test-graded-a-20252026-exam-update-exam-… 1/20
,7/11/26, 9:58 AM Principles of Real Estate 1- Champions School of Real Estate, EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE EXAM …
The least important factor affecting B.) Personal Preference
demand for real estate is:
A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems
A lawsuit was tried on a real estate C.) Common Law
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
A license holder was tried in a state A.) Statutory Law
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
https://quizlet.com/1194188563/principles-of-real-estate-1-champions-school-of-real-estate-exam-2026-test-graded-a-20252026-exam-update-exam-… 2/20
, 7/11/26, 9:58 AM Principles of Real Estate 1- Champions School of Real Estate, EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE EXAM …
RMLOs in Texas are licensed through: C.) Texas Department of Savings and Mortgage
A.) Texas Real Estate Commission Lending
B.) National Mortgage Bankers
Association
C.) Texas Department of Savings and
Mortgage Lending
D.) Texas savings and loan board
A Freeway has made commuting to a D.) Modification
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
Air Rights are commonly leased or D) all of these
conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
D.) All of these are correct
Building, roads and fences are all C.) Improvements
examples of:
A.) Personal Property
B.) Private Property
C.) Improvements
D.) Public Property
https://quizlet.com/1194188563/principles-of-real-estate-1-champions-school-of-real-estate-exam-2026-test-graded-a-20252026-exam-update-exam-… 3/20
Principles of Real Estate 1- Champions School of
Real Estate, EXAM 2026 TEST!! Graded A+ |
2025|2026 EXAM UPDATE EXAM Questions with
100% Correct Answers | Verified
Save Add to calendar
Terms in this set (68)
a freeway has made commuting to a D.) Modification
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
The supply of Real Estate is affected D.) All of these
by
A.) Land cost
B.) Building codes
C.) Government regulations
D.) All of these
https://quizlet.com/1194188563/principles-of-real-estate-1-champions-school-of-real-estate-exam-2026-test-graded-a-20252026-exam-update-exam-… 1/20
,7/11/26, 9:58 AM Principles of Real Estate 1- Champions School of Real Estate, EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE EXAM …
The least important factor affecting B.) Personal Preference
demand for real estate is:
A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems
A lawsuit was tried on a real estate C.) Common Law
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
A license holder was tried in a state A.) Statutory Law
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
https://quizlet.com/1194188563/principles-of-real-estate-1-champions-school-of-real-estate-exam-2026-test-graded-a-20252026-exam-update-exam-… 2/20
, 7/11/26, 9:58 AM Principles of Real Estate 1- Champions School of Real Estate, EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE EXAM …
RMLOs in Texas are licensed through: C.) Texas Department of Savings and Mortgage
A.) Texas Real Estate Commission Lending
B.) National Mortgage Bankers
Association
C.) Texas Department of Savings and
Mortgage Lending
D.) Texas savings and loan board
A Freeway has made commuting to a D.) Modification
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
Air Rights are commonly leased or D) all of these
conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
D.) All of these are correct
Building, roads and fences are all C.) Improvements
examples of:
A.) Personal Property
B.) Private Property
C.) Improvements
D.) Public Property
https://quizlet.com/1194188563/principles-of-real-estate-1-champions-school-of-real-estate-exam-2026-test-graded-a-20252026-exam-update-exam-… 3/20
