REAL ESTATE BROKERAGE SAE
CHAMPIONS ACTUAL TEST PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
⩥ Fcebook Live. Answer: Video streaming through facebook.
⩥ CoStar Database. Answer: Functions much like a residential MLS,
connecting commercial agents with brokerages, owners, lenders,
property managers, appraisers, and investors.
⩥ Virtual Reality (VR). Answer: A computer-generated image or
environment that can be interacted with by using special electronic
equipment
⩥ Augmented Reality (AR). Answer: Provides a modified view of
reality for the user
⩥ Artificial Intelligence (AI). Answer: A way of describing intelligence
exhibited by machines
⩥ Google Analytics. Answer: A powerful analytic software
,⩥ MLS Systems. Answer: The gold standard in data collection,
processing, and dissemination in the real estate industry for years.
⩥ Millennial Generation. Answer: People reaching young adulthood in
the early part of the 21st century
⩥ What does a consumer want from their brokerage?. Answer: - hyper-
personalization
- high online ratings
- high level customer service
- marketing that creates interest
- give back to community
- deeper relationship with agent
⩥ Mission Statement. Answer: Announces to the world what the
company's long-term goals are, describing the overall purpose of the
organization.
⩥ Value Statement. Answer: Define how a company's work will be
accomplished, articulating a set of beliefs and principles that guide the
way the company conducts business.
⩥ Action Plan. Answer: Outlines the steps, approaches and resources
that will be used to fulfill the objectives of the company.
,⩥ Operational Planning. Answer: The aspect of planning that
encompasses the day-to-day operations of a company.
⩥ Due diligence. Answer: Analyzing, exploring, investigating and
evaluating a business to learn about the business, in order to position
themselves to make an educated decision about whether to buy or not
buy a business.
⩥ DBA. Answer: Doing Business As An assumed name or a trade name
used instead of the legal name of a business entity.
⩥ FBN. Answer: Fictitious Business Name An assumed name or a trade
name used instead of the legal name of a business entity.
⩥ Assumed name. Answer: A trade name used instead of the legal name
of a business entity.
⩥ Trade name. Answer: An assumed name used instead of the legal
name of a business entity.
⩥ Sole Proprietorship. Answer: A venture owned by one individual.
⩥ Partnership. Answer: A type of business entity that has partners
, ⩥ General partner. Answer: Responsible for the day to day operations of
the business and has full liability
⩥ limited partnership. Answer: A type of partnership created in Texas by
filing a certificate of limited partnership with the Texas Secretary of
State
⩥ Limited partner. Answer: A business partner whose liability is limited
to the amount invested in the partnership, having no involvement in the
day-to-day operations of the business.
⩥ limited liability partnership. Answer: Formed by filling a statement
with the Texas Secretary of State. a partner is not individually liable for
the debts and obligations of the partnership, nor is the partner liable for
tortious acts committed by other partners.
⩥ joint venture. Answer: A group of individuals joining together for a
single business venture, combining their funds and talents to carry out
one project. When the project or venture is complete, they will dissolve
as a group.
⩥ syndicate. Answer: Two or more parties join together to create and
operate a real estate investment
CHAMPIONS ACTUAL TEST PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
⩥ Fcebook Live. Answer: Video streaming through facebook.
⩥ CoStar Database. Answer: Functions much like a residential MLS,
connecting commercial agents with brokerages, owners, lenders,
property managers, appraisers, and investors.
⩥ Virtual Reality (VR). Answer: A computer-generated image or
environment that can be interacted with by using special electronic
equipment
⩥ Augmented Reality (AR). Answer: Provides a modified view of
reality for the user
⩥ Artificial Intelligence (AI). Answer: A way of describing intelligence
exhibited by machines
⩥ Google Analytics. Answer: A powerful analytic software
,⩥ MLS Systems. Answer: The gold standard in data collection,
processing, and dissemination in the real estate industry for years.
⩥ Millennial Generation. Answer: People reaching young adulthood in
the early part of the 21st century
⩥ What does a consumer want from their brokerage?. Answer: - hyper-
personalization
- high online ratings
- high level customer service
- marketing that creates interest
- give back to community
- deeper relationship with agent
⩥ Mission Statement. Answer: Announces to the world what the
company's long-term goals are, describing the overall purpose of the
organization.
⩥ Value Statement. Answer: Define how a company's work will be
accomplished, articulating a set of beliefs and principles that guide the
way the company conducts business.
⩥ Action Plan. Answer: Outlines the steps, approaches and resources
that will be used to fulfill the objectives of the company.
,⩥ Operational Planning. Answer: The aspect of planning that
encompasses the day-to-day operations of a company.
⩥ Due diligence. Answer: Analyzing, exploring, investigating and
evaluating a business to learn about the business, in order to position
themselves to make an educated decision about whether to buy or not
buy a business.
⩥ DBA. Answer: Doing Business As An assumed name or a trade name
used instead of the legal name of a business entity.
⩥ FBN. Answer: Fictitious Business Name An assumed name or a trade
name used instead of the legal name of a business entity.
⩥ Assumed name. Answer: A trade name used instead of the legal name
of a business entity.
⩥ Trade name. Answer: An assumed name used instead of the legal
name of a business entity.
⩥ Sole Proprietorship. Answer: A venture owned by one individual.
⩥ Partnership. Answer: A type of business entity that has partners
, ⩥ General partner. Answer: Responsible for the day to day operations of
the business and has full liability
⩥ limited partnership. Answer: A type of partnership created in Texas by
filing a certificate of limited partnership with the Texas Secretary of
State
⩥ Limited partner. Answer: A business partner whose liability is limited
to the amount invested in the partnership, having no involvement in the
day-to-day operations of the business.
⩥ limited liability partnership. Answer: Formed by filling a statement
with the Texas Secretary of State. a partner is not individually liable for
the debts and obligations of the partnership, nor is the partner liable for
tortious acts committed by other partners.
⩥ joint venture. Answer: A group of individuals joining together for a
single business venture, combining their funds and talents to carry out
one project. When the project or venture is complete, they will dissolve
as a group.
⩥ syndicate. Answer: Two or more parties join together to create and
operate a real estate investment
