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PRINCIPLES OF REAL ESTATE 1
CHAMPIONS SCHOOL OF REAL ESTATE
EXAM 2025-2026 UPDATED ACTUAL
EXAM WITH CORRECT SOLUTIONS.
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:
| | | | | | | | |
A.) PopulationGrowth |
B.) Personal Preference |
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| | | | | |
C.) Availability of Credit | |
D.) Transportation Systems - correct answer- B.) Personal | | | | | |
Preference
|
Alawsuit 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 | | | | | | |
RMLOs in Texas are licensed through: | | | | |
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| | | | | |
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 |
D.) All of these are correct - correct answer- D) all of these
| | | | | | | | | | |
Building, roads and fences are all examples of:
| | | | | | |
A.) Personal Property |
| | | | | |
PRINCIPLES OF REAL ESTATE 1
CHAMPIONS SCHOOL OF REAL ESTATE
EXAM 2025-2026 UPDATED ACTUAL
EXAM WITH CORRECT SOLUTIONS.
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:
| | | | | | | | |
A.) PopulationGrowth |
B.) Personal Preference |
,2 | Page
| | | | | |
C.) Availability of Credit | |
D.) Transportation Systems - correct answer- B.) Personal | | | | | |
Preference
|
Alawsuit 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 | | | | | | |
RMLOs in Texas are licensed through: | | | | |
, 3 | Page
| | | | | |
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 |
D.) All of these are correct - correct answer- D) all of these
| | | | | | | | | | |
Building, roads and fences are all examples of:
| | | | | | |
A.) Personal Property |
