PRINCIPLES OF REAL ESTATE 1-
CHAMPIONS SCHOOL OF REAL
ESTATE QUESTIONS AND
ANSWERS EXAM, SOLUTIONS
(MULTIPLE CHOICES) 100%
CORRECT 2025!!
Abstract
This document contains a full set of exam-style multiple-choice questions and
answers for Principles of Real Estate 1 from the Champions School of Real Estate. It
covers core topics tested in the course, including agency, contracts, property
ownership, legal descriptions, fair housing, insurance, licensing, and real estate law.
The material provides 100% correct solutions and reflects the structure and content
students can expect in exam preparation.
Prof Morris
For more info:
,Question 1
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
Question 2
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
Question 3
The least important factor affecting demand for real estate is:
A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems
Correct Answer
B.) Personal Preference
Question 4
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
Question 5
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
For more info:
, C.) Common Law
D.) Local Ordinance
Correct Answer
A.) Statutory Law
Question 6
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
Question 7
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
Question 8
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
Question 9
Building, roads and fences are all examples of:
A.) Personal Property
B.) Private Property
C.) Improvements
D.) Public Property
Correct Answer
C.) Improvements
Question 10
For more info:
CHAMPIONS SCHOOL OF REAL
ESTATE QUESTIONS AND
ANSWERS EXAM, SOLUTIONS
(MULTIPLE CHOICES) 100%
CORRECT 2025!!
Abstract
This document contains a full set of exam-style multiple-choice questions and
answers for Principles of Real Estate 1 from the Champions School of Real Estate. It
covers core topics tested in the course, including agency, contracts, property
ownership, legal descriptions, fair housing, insurance, licensing, and real estate law.
The material provides 100% correct solutions and reflects the structure and content
students can expect in exam preparation.
Prof Morris
For more info:
,Question 1
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
Question 2
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
Question 3
The least important factor affecting demand for real estate is:
A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems
Correct Answer
B.) Personal Preference
Question 4
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
Question 5
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
For more info:
, C.) Common Law
D.) Local Ordinance
Correct Answer
A.) Statutory Law
Question 6
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
Question 7
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
Question 8
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
Question 9
Building, roads and fences are all examples of:
A.) Personal Property
B.) Private Property
C.) Improvements
D.) Public Property
Correct Answer
C.) Improvements
Question 10
For more info:
