CHAMPIONS POWERHOUSE TRAINING SAE NEWEST ACTUAL
2025/2026 WITH COMPLETE 146 QUESTIONS WITH ANSWERS
.VERIFIED/GRADED A+
lenders will not allow borrowers to spend more than _______%
of their monthly
income on PITI, the sum of monthly principal, interest, taxes,
and insurance, so be realistic. - ----Answers ---28
Most have started their home search online and have found a
mortgage lender through a site
like - ----Answers ---lendingtree.com
loans which are insured by the government These loans
require
a small down payment, and are obtained through approved
lenders - ----Answers ---FHA
loan guaranteed by government. Need certificate of eligibility,
Must sign document stating he/she will occupy the property -
----Answers ---VA
Back ratio for qualifying is monthly income * _______ % rather
than the normal 28% - ----Answers ---36
According to NAR's research, the majority of buyers under the
,age of _______ take their first step toward home buying by
looking online for properties - ----Answers ---71
Note also that intermediary consent must be obtained _______ -
----Answers ---in writing
The buyer's representative is paid only if the client buys a
home. Buyers are
accustomed to this because it works similarly to a listing
agreement. - ----Answers ---contingency fee
This fee is the responsibility of the buyer even if they do not
buy a
home. Meaning, that you are being paid for your valuable time
and expertise. Be sure that
your clients are clear on this fact before they sign - ----
Answers ---non contingency fee
Buyer's agents can negotiate a flat fee or an hourly rate for
performing certain
services specific to the purchase. - ----Answers ---
consultant fee
An agent may not deceive, defraud, or otherwise deal with a
customer in a
dishonest manner. - ----Answers ---honest duty
, This means that an agent will be held to the standards
of knowledge, expertise, and ethics that are spelled out in the
Texas Real Estate License Act - ----Answers ---reasonable
care and skill in performance
A buying signal is something a prospect says or does that
indicates a positive buying decision may
occur. - ----Answers ---buying signal
This document can empower your buyer
by providing them with information on topics that can
sometimes cause confusion on the part of
the buyer during the process. - ----Answers ---TAR 1506
5 most common hidden defects - ----Answers ---1. Bad
foundation
2. Worn roof
3. Poor water drainage
4. Termite infestation
5. Inadequate plumbing and/or electric wiring
Karen works successfully through Henry's objections, and he
agrees to take the plunge by
making an offer on the property. What should Karen do next?
a. Karen should provide Henry with as much market
information as possible
2025/2026 WITH COMPLETE 146 QUESTIONS WITH ANSWERS
.VERIFIED/GRADED A+
lenders will not allow borrowers to spend more than _______%
of their monthly
income on PITI, the sum of monthly principal, interest, taxes,
and insurance, so be realistic. - ----Answers ---28
Most have started their home search online and have found a
mortgage lender through a site
like - ----Answers ---lendingtree.com
loans which are insured by the government These loans
require
a small down payment, and are obtained through approved
lenders - ----Answers ---FHA
loan guaranteed by government. Need certificate of eligibility,
Must sign document stating he/she will occupy the property -
----Answers ---VA
Back ratio for qualifying is monthly income * _______ % rather
than the normal 28% - ----Answers ---36
According to NAR's research, the majority of buyers under the
,age of _______ take their first step toward home buying by
looking online for properties - ----Answers ---71
Note also that intermediary consent must be obtained _______ -
----Answers ---in writing
The buyer's representative is paid only if the client buys a
home. Buyers are
accustomed to this because it works similarly to a listing
agreement. - ----Answers ---contingency fee
This fee is the responsibility of the buyer even if they do not
buy a
home. Meaning, that you are being paid for your valuable time
and expertise. Be sure that
your clients are clear on this fact before they sign - ----
Answers ---non contingency fee
Buyer's agents can negotiate a flat fee or an hourly rate for
performing certain
services specific to the purchase. - ----Answers ---
consultant fee
An agent may not deceive, defraud, or otherwise deal with a
customer in a
dishonest manner. - ----Answers ---honest duty
, This means that an agent will be held to the standards
of knowledge, expertise, and ethics that are spelled out in the
Texas Real Estate License Act - ----Answers ---reasonable
care and skill in performance
A buying signal is something a prospect says or does that
indicates a positive buying decision may
occur. - ----Answers ---buying signal
This document can empower your buyer
by providing them with information on topics that can
sometimes cause confusion on the part of
the buyer during the process. - ----Answers ---TAR 1506
5 most common hidden defects - ----Answers ---1. Bad
foundation
2. Worn roof
3. Poor water drainage
4. Termite infestation
5. Inadequate plumbing and/or electric wiring
Karen works successfully through Henry's objections, and he
agrees to take the plunge by
making an offer on the property. What should Karen do next?
a. Karen should provide Henry with as much market
information as possible
